London, October 1 2024 – Coller Capital, the world’s largest dedicated private market secondaries manager[1], today announced it has launched Coller Private Credit Secondaries (CollerCredit), a Luxembourg domiciled private credit ‘SICAV’ fund, accessible to eligible private wealth investors outside of the USA. The fund will be seeded with over $250 million of capital from investors globally.
CollerCredit seeks to deliver a combination of absolute and risk-adjusted returns, diversification, and the opportunity for more liquidity than traditional private credit funds. CollerCredit will be made available to professional and qualified investors in certain jurisdictions in compliance with local law.
The CollerCredit launch is the latest in a sequence of private wealth announcements from Coller Capital as the firm continues its strategic expansion into the private wealth market. This year alone, the secondaries specialist has opened offices in Luxembourg, Zurich, Melbourne, and Montreal and made several senior appointments to spearhead the private wealth offering outside of the United States. In June, Coller Capital received regulatory approval to launch CollerEquity, its dedicated perpetual private equity fund for private wealth investors outside of the U.S. That fund was seeded with $470 million of capital from investors globally.
An open-ended fund, CollerCredit will provide private investors with exposure to Coller’s 34 years of secondaries investment expertise and global platform.
Jake Elmhirst, Partner, Head of Private Wealth Secondaries Solutions, said: “CollerCredit is in the vanguard of private credit secondaries funds for wealth investors, and will provide institutional-grade access to enhanced diversification, attractive valuations and risk-adjusted returns. Private credit secondaries are a flourishing, fast-growing segment of the market and we are pleased that this fund will provide private wealth investors with the best-in-class investment opportunities available in this space.”
Boris Maeder, Managing Director, Head of International Private Wealth Distribution, said: “As private wealth investors continue to add fixed-income alternatives to their portfolios, private credit plays an increasingly important role. The strong growth of the private credit market over the past decade provides a large opportunity set for credit secondaries. Since 2007, Coller has been a pioneer in the credit space, which, coupled with our team’s wealth management experience, allows us to structure investment opportunities like CollerCredit that meet the risk-return requirements of private wealth investors.”
Michael Schad, Partner, Head of Coller Credit Secondaries, said: “Today the addressable market for private credit secondaries is north of $4 trillion. It’s a vast opportunity that requires significant resource to oversee which is why we have the largest dedicated team in the industry. We’re proud to share this expertise with private wealth investors going forward.”
Coller Capital, which is the largest independent investor dedicated exclusively to investing in the private capital secondaries market, has offices in London, New York, Hong Kong, Beijing, Seoul, Luxembourg, Zurich, Melbourne and Montreal. The firm has over $35 billion assets under management and more than 30 years of experience in the market. Professional and qualified investors in certain jurisdictions are an important and growing part of the Coller investor base, having invested in prior funds via private bank feeders for over ten years.
[1] By capital raised. Based on a review of Preqin and competitor firm’s ownership structure, as at May 2024.
