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Coller Capital receives approval to launch new SICAV fund for private wealth investors with $400 million seed capital

London, 7 June, 2024 – Coller Capital, the world’s largest independent investor dedicated exclusively to private market secondaries[1], today announced it has received regulatory approval to launch its first Luxembourg domiciled ‘SICAV’ fund, accessible to eligible private wealth investors outside of the U.S. The fund will be seeded with over $400 million of capital from investors globally. The announcement follows the recent news that Coller has further strengthened its Private Wealth Secondaries Solutions (PWSS) business with a new office in Zurich led by Boris Maeder, Head of International Private Wealth Distribution.

Coller International Secondaries Private Equity Fund (CollerEquity), seeks to deliver a combination of absolute and risk-adjusted returns, diversification, and the opportunity for more liquidity than traditional private equity funds[2]. Available to professional and qualified investors in certain jurisdictions, the fund offers monthly subscriptions, quarterly redemptions and a lower minimum commitment when compared with a typical private equity fund investment.

This open-ended fund 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: “The launch of CollerEquity is a major milestone for the secondary private markets industry. With seed capital in excess of $400 million we are launching one of the first truly of-scale open-ended secondaries fund, which is testament to our long history of innovation and providing investors with unique solutions to their needs.

Boris Maeder, Managing Director, Head of International Private Wealth Distribution, Coller Capital, said: “We believe that private wealth investors are looking to enhance their asset allocations with private markets exposure and private equity secondaries provide a preferred risk/return profile to achieve that goal. Secondaries are also well-suited for open-ended fund structures, given their diversification and higher liquidity nature. Coller has a long track-record in secondaries and our team’s experience in wealth management allows us to structure products with the particular requirements of private wealth investors in mind.”

Coller continues to invest in its private wealth business, recently opening an office in Zurich and appointing Boris to lead international distribution, highlighting long-term strategic commitment to providing professional qualified investors, in certain jurisdictions, with access to secondaries opportunities.

In April, Coller launched a tender offer fund specifically designed for accredited high-net-worth investors in the U.S. A number of additional global solutions are to be launched imminently.

Coller Capital, which is the largest independent investor dedicated exclusively to investing in the private capital secondaries market, also has offices in New York, Hong Kong, Beijing, Seoul and Luxembourg. The firm has over $32 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] Based on a review of Preqin and competitor firm’s ownership structure, as at May 2024.

[2] The ability to redeem shares in CollerEquity will be subject to potential deductions and limitations.


About Coller Capital

Coller Capital, founded in 1990, is one of the world’s leading investors in the secondary market for private assets – and widely acknowledged as an innovator in secondaries. The firm provides liquidity solutions to private markets investors worldwide, acquiring interests in private equity, private credit, and other private markets assets. With headquarters in London, and offices in New York, Hong Kong, Beijing, Seoul, Luxembourg and Zurich, Coller’s multinational investment team has a truly global reach. In January 2021, the firm closed Coller International Partners VIII, with committed capital (including co-investment vehicles) of just over $9 billion and backing from over 200 of the world’s leading institutional investors. In February 2022, the firm closed Coller Credit Opportunities I, with committed capital (including co-investment vehicles) of c.$1.45 billion and backing from over 40 institutional investors. In March 2023, Coller Capital announced the creation of its global Private Wealth Secondaries Solutions (“PWSS”) business to provide further access to private capital markets.


About CollerEquity Fund

Prospective professional and qualified investors should be aware that CollerEquity has not yet been launched.

CollerEquity will be offered only to professional and qualified investors in countries where such offer is authorized. At the present time, CollerEquity has not been authorized in any country other than Luxembourg.

Important disclosure information and risk warnings:

This marketing communication is not an offer to buy or sell shares of CollerEquity.

CollerEquity is authorized and supervised by the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier. Such authorization does not, however, imply approval by any Luxembourg authority of the contents of the prospectus or of the prospective investments held by CollerEquity. Any representation to the contrary is unauthorized and unlawful.

Any investment in CollerEquity will be speculative and will involve a high degree of risk. Any such investment will be suitable only for those investors who have the financial sophistication and expertise to evaluate the risks of an investment in CollerEquity and for which it does not represent a complete investment program. An investment should only be considered by persons who can afford a loss of their entire investment. The following is a summary of only certain considerations and is qualified in its entirety by the more detailed risk and conflict disclosures in CollerEquity prospectus, Key Information Document, or other relevant documents. Investors are urged to consult with their own tax and legal advisors about the implications of any investment in CollerEquity.

There is no assurance that CollerEquity will be able to generate returns for their investors or that returns will be commensurate with the risks of investing in the types of assets in which CollerEquity may indirectly invest in.

The portfolio of investments of CollerEquity is expected to mainly include private equity investments, which cannot generally be readily liquidated without impacting the liquidity of CollerEquity. Therefore CollerEquity may not always have the ability to satisfy all investors redemption requests.

An investment in CollerEquity should only be considered by persons who can afford a loss of their entire investment. There can be no assurance that CollerEquity investment objective will be achieved, that investors will receive a return of their capital or pay distributions in any particular amount, if at all.

Past or projected performance is not a guarantee, projection or prediction and is not indicative of future results.

Interests in CollerEquity have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the Securities Act), or the applicable securities laws of any United States state or any non-United States jurisdiction. The interest in the CollerEquity may not be offered, sold or delivered directly or indirectly in the United States or to or for the account or benefit of any “U.S. Person” except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any applicable state laws. As such, any “U.S. Person” may not receive and should not act or rely on this Press Release or any other materials related to CollerEquity.

The information contained in this Press Release is being made available solely for information purposes. Any potential investors are urged to carefully read the applicable Prospectus and other materials in their entirety before making an investment decision.

Any potential investors should conduct their own investigations and analysis of Coller, CollerEquity and the information set forth in the applicable Prospectus and other materials. Nothing in this Press Release or the other applicable materials should be construed as a recommendation to invest in any securities or as legal, accounting or tax advice. Before making any decision to invest in CollerEquity, potential investors should carefully review information relating to Coller and CollerEquity and consult with their own legal, accounting, tax and other advisors when considering the merits of any investment.

There can be no assurance that CollerEquity will meet its investment objectives or otherwise be able to successfully carry out its investment program. There can be no assurance that an investor will receive a return on its capital, and therefore, an investor should only invest in CollerEquity if such investor is able to withstand a total loss of its investment.

 

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