Coller Capital

Coller Capital is one of the largest global investors in the private equity secondary market ("secondaries").[1][2] It was founded in 1990 by the UK-based investor and philanthropist Jeremy Coller.

Coller Capital
TypePrivate Ownership
IndustryPrivate Equity
Founded1990 (1990)
FounderJeremy Coller
HeadquartersLondon, W1
United Kingdom
Number of locations
3
ProductsPrivate Equity Secondaries
AUM$27.5 billion (2023)
Number of employees
200+ (2020)
Websitewww.collercapital.com

History

Coller Capital completed its first notable deal in 1998, when it acquired a $265-m portfolio of limited partnership interests from Shell's US Pensions Trust. Secondaries Investor magazine observed that the deal was unusual for its size, being at that point the single biggest secondary transaction on record, with Coller betting his entire $240-m eponymous fund.[3]

The firm is now among the world’s biggest secondaries specialists.[4] It has raised over $30-billion across nine funds.[5][6] Some of its transactions are among the largest in the private equity secondary market, including deals of $1-billion without the need for syndication.[3] It has also made single investments as small as $1-million.

Although Jeremy Coller did not create secondary investing, both he and his firm have come to be synonymous with the sector, with Private Equity News referring to Coller as "The Godfather of Secondaries".[5][7][8][9][10]

Operations

The firm provides liquidity to private equity investors, acquiring interests in private equity funds, portfolios of private companies, and other private equity-related assets.

As a secondary investor, Coller Capital acquires original investors’ stakes in private equity funds, such as venture capital, buyout and mezzanine funds, together with portfolios of companies or stakes in companies, from financial institutions, corporates, government bodies, family offices or charitable foundations. It holds interests in over 850 private equity funds and around 8,000 companies on behalf of investors.[5]

Coller Capital operates from offices in London, New York, Hong Kong and Korea. It reports 200+ employees and 29 partners. It has just completed raising capital for its eighth fund.[5][11][6]

Funds
Fund name Closed Commitments
Coller International Partners I 1996 $84 million; now liquidated
Coller International Partners II 1998 $240 million; now liquidated
Coller International Partners III 2000 $712 million; now liquidated
Coller International Partners IV 2002 $2.6 billion; now liquidated [12][13]
Coller International Partners V 2007 $4.8 billion; 200 institutional investors[14]
Coller International Partners VI 2012 $5.5 billion; 200 institutional investors[15]
Coller International Partners VII 2015 $7.15 billion; 170 institutional investors[16]
Coller International Partners VIII 2021 $9 billion[17]
Coller Credit Opportunities I 2022 $1.4 billion[18]

Publications

The firm publishes financial periodicals, white papers and surveys, including those by The Coller Institute of Venture at Tel Aviv University and the Coller Research Institute.

  • The Coller Capital Global Private Equity Barometer, a biannual survey of investors.[19]
  • Private Equity Findings, debating academic research into private equity.
  • Private Equity Secondary Market, a white paper of the secondary market’s theoretical framework.
  • ESG Report, on the policies and practices of Coller Capital general partners.
  • Coller Venture Review, aimed at institutional investors and limited partners, venture capitalists, public policymakers, and scholars in related fields, issued by the Coller Institute of Venture at Tel Aviv University.

Awards

Financial News

  • European PE Secondaries Firm of the Year x 6
  • European Secondaries Deal of the Year

Real Deals

  • Secondaries House of the Year x 2

PE International

  • Secondaries Firm of the Year x 5
  • European Secondaries Firm of the Year x 2
  • European Secondaries Deal of the Year x 4
  • Global Secondaries Firm of the Year
  • Best Secondaries Firm

BVCA

  • Responsible Investment Award

Private Equity Wire [20]

  • European Awards: Best Secondaries Manager
  • European Awards: Best Fundraising Firm (Secondaries)

IEMA

  • Sustainability Impact Awards: Sustainable Finance Award

References
  1. Mnyanda, Lukanyo; Baumgaertel, Christian; Porter, Kiel (8 January 2018). "One of the Most Valued Private Equity Firms Isn't on Wall Street". Bloomberg.com. Bloomberg. Retrieved 15 October 2018.
  2. Weinberg, Neil; Vardi, Nathan (3 March 2006). "Private Inequity". Forbes. Retrieved 15 October 2018.
  3. Taylor, James; Borel, Philip (2014-10-06). "Privately Speaking: Coller Capital's Jeremy Coller". Secondaries Investor. Retrieved 2020-02-29.
  4. "Private Equity Veteran Jeremy Coller Champions Farm Animal Welfare". Institutional Investor. 14 January 2016. Retrieved 2020-02-29.
  5. "Europe's 50 Most Influential in Private Equity 2019". www.penews.com. Retrieved 2020-02-29.
  6. "Coller Capital collects $9 billion with latest secondaries fund". Pensions & Investments. 2021-01-22. Retrieved 2021-02-28.
  7. "RI Interview: Jeremy Coller, the private equity titan backing ESG to end animal factory farming". Responsible Investor. 4 February 2015. Retrieved 2020-02-29.
  8. Staff, P. E. I. (2013-01-12). "The 30 most influential LPs in Europe". Private Debt Investor. Retrieved 2020-02-29.
  9. Dorbian, Iris (2016-07-18). "Coller Capital makes three senior appointments". PE Hub. Retrieved 2020-02-29.
  10. Flood, Chris (20 July 2014). "Private equity secondary market attracts growing interest". Financial Times. Retrieved 2020-02-29.
  11. Louch, William. "Coller Capital Targets $9 Billion for Latest Flagship Fund". www.penews.com. Retrieved 2020-02-29.
  12. Briefel, Alan; Mariathasan.March 2004, Joseph. "Secondhand deals - how attractive?". IPE. Retrieved 2020-02-29.
  13. Bawden, Tom. "Coller raises £1.6bn for buy ups". The Times. ISSN 0140-0460. Retrieved 2020-02-29.
  14. Taylor, James (2013-01-16). "Coller raises biggest ever secondaries fund". Infrastructure Investor. Retrieved 2020-02-29.
  15. Kozlowski, Rob (7 January 2016). "Coller Capital closes seventh secondary fund at $7.15 billion". Pensions & Investments. Retrieved 15 October 2018.
  16. Yap, Shiwen (10 January 2016). "Coller Capital makes final close of seventh secondaries fund at $7.15b". Deal Street Asia.
  17. Le, Adam (20 January 2021). "Coller amasses 9bn in final close for latest secondaries fund". Secondaries Investor.
  18. Shi, Madeline (2 February 2022). "Coller Capital raises $1.4B credit secondaries fund as LPs seek liquidity". PitchBook.
  19. Jacobius, Arleen (26 June 2017). "Infrastructure in good graces of managers again". Pensions & Investments. Retrieved 15 October 2018.
  20. "Private Equity Wire European Awards 2022".
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