Coller Capital

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Coller Capital
Company typePrivate
IndustryPrivate Equity
Founded1990; 35 years ago (1990)
FounderJeremy Coller
HeadquartersLondon, W1
United Kingdom
Number of locations
10
ProductsPrivate Equity Secondaries
Investment funds
AUM$40 billion (2025)
Number of employees
316 (2025)
Websitewww.collercapital.com

Coller Capital is a privately held investment firm founded in 1990 by Jeremy Coller.[1] It specialises in secondary transactions across private equity and credit markets. As of 2025, the firm manages approximately US$40 billion in assets across multiple fund families.[2][3][4]

Coller remains the firm’s Chief Investment Officer and Managing Partner.[5] He is also known for his philanthropic work in animal welfare[6][7] and food system sustainability.[8]

History

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Coller Capital launched its first fund, Coller International Partners I, in 1995, targeting the emerging market for private equity secondaries.[9]

One of its first major transactions came in 1998, when the firm acquired a US$265 million portfolio of limited partnership interests from Shell's US pension trust — then the largest deal of its kind. Coller reportedly committed his entire US$240 million fund to the purchase.[10][11]

In the 2000s and 2010s, Coller Capital expanded its presence in the secondary market, acquiring portfolios from banks, pension funds, and other institutional investors.[12]

In 2021, Coller Capital closed its eighth core fund with US$9 billion in commitments.[13][14][15] The following year, it launched a credit secondaries strategy with Coller Credit Opportunities I, raising US$1.4 billion.[16] In 2025, the firm closed a $6.8 billion funding round for Coller Credit Opportunities II,[17][18] and in November 2025 announced that its "evergreen" secondaries fund had passed US$1 billion AUM.[19]

In August 2025, the firm completed a US$3 billion continuation fund transaction with TPG Twin Brook Capital Partners.[20] In September 2025, the firm led a $2.3 billion secondaries continuation vehicle with Benefit Street Partners.[21] In 2024, the company launched the Secondaries Institute to support research and education in the secondary market.[22]

In November 2025, State Street Investment Management acquired a minority stake in Coller Capital.[23]

Business model

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The firm provides liquidity to private equity investors by acquiring interests in private equity funds, portfolios of private companies and other related assets. Sellers include financial institutions, corporations, government bodies, family offices, and charitable foundations. The firm holds interests in more than 850 private equity funds and around 8,000 companies, on behalf of investors.[24] The firm raises closed-end funds and earns revenue through management fees on committed capital and carried interest on realised gains.[25] In 2024 Coller Capital introduced an open-ended secondaries vehicle, CollerEquity.[26]

Operations

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Coller Capital is now regarded as one of the world’s largest investors in the private equity secondary market.[8][24][27][28]

The firm operates from 10 offices, including in London, New York, Hong Kong and Korea. As of 2025, the firm claims to employ 316 people, including 31 partners.[1]

Funds

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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 [29][30]
Coller International Partners V 2007 $4.8 billion; 200 institutional investors[31]
Coller International Partners VI 2012 $5.5 billion; 200 institutional investors[32]
Coller International Partners VII 2015 $7.15 billion; 170 institutional investors[33]
Coller International Partners VIII 2021 $9 billion[13]
Coller Credit Opportunities I 2022 $1.4 billion[16]
Coller Credit Opportunities II 2025 $6.8 billion[17]

Publications

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The firm publishes research through affiliated institutes and industry journals.[34]

Key publications:

  • Global Private Equity Barometer: biannual survey of institutional investors.
  • Private Equity Findings: research digest by the Coller Institute of Private Equity (London Business School).[35]
  • ESG Report: environmental, social and governance policy reports.
  • Coller Venture Review: innovation and venture policy journal (Tel Aviv University).[36]

Environmental, social and governance (ESG)

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The firm is the founding sponsor of the FAIRR Initiative, a network that analyses the environmental, social and governance risks in the global food sector.[37]

In October 2025, Coller Capital was reported as a founding signatory of Promote Giving, an initiative through which fund managers donate five percent of performance fees to charitable causes.[38][39]

Awards

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Coller Capital has received various industry awards, including “European Secondaries Firm of the Year” and “Secondaries Deal of the Year”, from organisations such as the British Private Equity & Venture Capital Association (BVCA),[40] Financial News[41] and Private Equity International.[42]

See also

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References

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  1. ^ a b "Coller Capital: First in Secondaries". Coller Capital. Retrieved 2025-10-06.
  2. ^ "Wealthy Australians Targeted by UK Private Markets Firm Coller". Bloomberg.com. 2025-03-27. Retrieved 2025-10-06.
  3. ^ 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.
  4. ^ Kehnscherper, Leonard (2025-05-15). "Deutsche Bank to Sell Coller Secondary PE Fund to Wealthy". Bloomberg.com. Retrieved 2025-10-15.
  5. ^ "Jeremy Joseph Coller, Coller Capital Ltd: Profile and Biography". Bloomberg.com. Retrieved 2025-10-15.
  6. ^ "The Jeremy Coller Centre for Animal Sentience". The London School of Economics and Political Science. Retrieved 2025-10-06.
  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. ^ a b "Private Equity Veteran Jeremy Coller Champions Farm Animal Welfare | Institutional Investor". www.institutionalinvestor.com. Retrieved 2025-10-06.
  9. ^ "Coller International Partners I: Fund Performance | PitchBook". pitchbook.com. Retrieved 2025-10-15.
  10. ^ Taylor, James; Borel, Philip (2014-10-06). "Privately Speaking: Coller Capital's Jeremy Coller". Secondaries Investor. Retrieved 2020-02-29.
  11. ^ Mnyanda, Lukanyo; Baumgaertel, Christian; Porter, Kiel (2018-01-09). "One of the Most Valued Private Equity Firms Isn't on Wall Street". Bloomberg.com. Retrieved 2025-10-07.
  12. ^ Flood, Chris (20 July 2014). "Private equity secondary market attracts growing interest". Financial Times. Retrieved 2020-02-29.
  13. ^ a b Le, Adam (20 January 2021). "Coller amasses 9bn in final close for latest secondaries fund". Secondaries Investor.
  14. ^ "Coller Capital collects $9 billion with latest secondaries fund". Pensions & Investments. 2021-01-22. Retrieved 2021-02-28.
  15. ^ Louch, William. "Coller Capital Targets $9 Billion for Latest Flagship Fund". www.penews.com. Retrieved 2020-02-29.
  16. ^ a b Shi, Madeline (2 February 2022). "Coller Capital raises $1.4B credit secondaries fund as LPs seek liquidity". PitchBook.
  17. ^ a b Bakie, John (2025-07-10). "Coller raises $6.8bn for credit secondaries". Private Debt Investor. Retrieved 2025-10-07.
  18. ^ James, Rod (2025-07-08). "Exclusive | Coller Raises $6.8 Billion for Credit Secondary Deals". Wall Street Journal. ISSN 0099-9660. Retrieved 2025-10-07.
  19. ^ Chowdhry, Amit (2025-11-18). "Coller Capital's Evergreen Secondaries Fund Surpasses $1 Billion In Assets Under Management". Pulse 2.0. Retrieved 2025-11-20.
  20. ^ Veronasi, Francesca (12 August 2025). "Coller, TPG Ink $3 Billion Private-Credit Secondaries Deal".
  21. ^ Singh, Preeti (2025-09-02). "Benefit Street Collects $2.3 billion for Credit Secondary Fund". Bloomberg.com. Retrieved 2025-09-16.
  22. ^ Walker, Rupert (2025-06-05). "Coller Capital launches digital platform for secondaries education". Fund Selector Asia. Retrieved 2025-10-07.
  23. ^ Singh, Preeti; Gyftopoulou, Loukia (3 November 2025). "State Street Takes Coller Capital Stake to Tap Secondaries Boom". Bloomberg.com. Bloomberg L.P. Retrieved 17 November 2025.
  24. ^ a b "Europe's 50 Most Influential in Private Equity 2019". www.penews.com. Retrieved 2020-02-29.
  25. ^ "SEC filing". www.sec.gov. Retrieved 2025-10-15.
  26. ^ Sidhika, Anika (2025-05-15). "Coller Capital and Deutsche Bank expand access to private equity secondaries". Private Banker International. Retrieved 2025-10-15.
  27. ^ Staff, P. E. I. (2013-01-12). "The 30 most influential LPs in Europe". Private Debt Investor. Retrieved 2020-02-29.
  28. ^ Zhang, Hannah (2024-09-02). "The Secondaries Investor 50: 2024". Retrieved 2025-10-07.
  29. ^ Briefel, Alan; Mariathasan.March 2004, Joseph. "Secondhand deals - how attractive?". IPE. Retrieved 2020-02-29.{{cite web}}: CS1 maint: numeric names: authors list (link)
  30. ^ Bawden, Tom. "Coller raises £1.6bn for buy ups". The Times. ISSN 0140-0460. Retrieved 2020-02-29.
  31. ^ Taylor, James (2013-01-16). "Coller raises biggest ever secondaries fund". Infrastructure Investor. Retrieved 2020-02-29.
  32. ^ Kozlowski, Rob (7 January 2016). "Coller Capital closes seventh secondary fund at $7.15 billion". Pensions & Investments. Retrieved 15 October 2018.
  33. ^ Yap, Shiwen (10 January 2016). "Coller Capital makes final close of seventh secondaries fund at $7.15b". Deal Street Asia.
  34. ^ "Jeremy Coller, Partner and Chief Investment Officer, Coller Capital", The Future of Private Equity, Palgrave Macmillan, ISBN 978-1-137-29586-6, retrieved 2025-10-08
  35. ^ "Coller Institute of Private Equity at London Business School | INOMICS". inomics.com. Retrieved 2025-10-08.
  36. ^ Owens, Anne (2022-10-31). "Coller Venture Review, Issue 8". Coller Capital. Retrieved 2025-10-08.
  37. ^ "Scottish ministers urged to 'resist' Illegal Migration Bill and mitigate impact". The Independent. 2023-06-22. Retrieved 2025-10-16.
  38. ^ "Leading Asset Managers Launch Promote Giving, a Groundbreaking Model for Philanthropy Within the Investment Industry". Nasdaq. 15 October 2025.
  39. ^ "How Promote Giving, a new investment model, will raise millions for charities". The Independent. 2025-10-15. Retrieved 2025-10-16.
  40. ^ BVCA. "Responsible Investment Awards". www.bvca.co.uk. Retrieved 2025-10-08.
  41. ^ Sam (2014-06-16). "Financial News Awards – Secondaries Firm of the Year 2014". Coller Capital. Retrieved 2025-10-08.
  42. ^ Sam (2021-03-15). "Coller Capital wins Private Equity International award". Coller Capital. Retrieved 2025-10-08.
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