History
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
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
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]
Environmental, social and governance (ESG)
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]
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