Jeremy Coller

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Jeremy Coller
Born (1958-05-17) 17 May 1958 (age 65)
London, England
Education Manchester University
University of Sussex
OccupationBusinessman
Known forFounder, CIO and chairman, Coller Capital

Jeremy Coller (born 17 May 1958) is a British businessman and philanthropist. He is the founder, chief investment officer and chairman of Coller Capital.

Contents

He is chairman of the Jeremy Coller Foundation, his vehicle for philanthropic activities. He is deputy chair of Tel Aviv University and an advisory board member of the university's Coller School of Management. [1] He is a member of the Advisory Council of The Elders, the international peace and human rights NGO founded by Nelson Mandela.

In 2019 the Sunday Times Rich List gave Coller's net worth to be £320 million. [2]

Early life and education

Coller was born in London on 17 May 1958.

He attended Carmel College and holds a master's degree in philosophy from the University of Sussex and a BSc (Hons) in management sciences from Manchester University School of Management. He took the Diplome Cours de Civilisation at the Sorbonne in Paris. [3]

After building a career in private equity, Coller was awarded an honorary fellowship by London Business School in 2011 and in 2013, received an honorary doctorate from Tel Aviv University. [4] [5]

Business career

Coller's early career was spent as head of equity research at Fidelity International. [6] He then joined ICI Pension Plan as a sector fund manager, before becoming a venture and buyout manager. [7] In this role, Coller pioneered the purchase of secondary positions in private equity and became the first investor in VCFA.

In 1990, he started the first European private equity secondaries fund. [8] Since then, Coller Capital has become a globally recognised leader in the private equity secondaries market and Coller is recognised for leading the industrialisation of private equity secondaries. [9] His notable acquisitions include technology incubators formerly owned by BT, Lucent Bell Labs and the United Kingdom Atomic Energy Authority. [10]

He is Chief Investment Officer and Managing Partner of Coller Capital, which has completed some of the largest transactions in the private equity secondary market. [citation needed] The firm employs over 220 people, and is headquartered in London, with additional offices in New York City, Hong Kong and Korea. 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.$1.4 billion and backing from over 30 institutional investors.

Philanthropy

The Jeremy Coller Foundation is a strategic grant-making organisation, focused on two primary programme areas: ending factory farming and improving venture and management education. [11]

The Foundation also funds and supports the work of The Elders, where Coller has been a member of the Advisory Council since 2012. [12]

Venture and management education

Coller Institute of Private Equity at London Business School

The Coller Institute of Private Equity at London Business School (2008–2016) sprang from a significant donation to London Business School by the Jeremy Coller Foundation in 2008. [13]

The Institute focused on private equity education and research. The institute also published Private Equity Findings, a digest of international private equity-related research. (This publication is now published directly by Coller Capital.)

Coller Institute of Venture at Tel Aviv University

The Coller Institute of Venture was established at Tel Aviv University in 2013, with the goal to advance the venture ecosystem globally. [14] The Institute pursues three objectives:

  • To identify the conditions that will lead to compelling venture capital returns for long-term capital providers (e.g., pension plans, charitable foundations, and sovereign wealth funds)
  • To investigate and communicate best practice in 'technology translation' – the creation of new businesses from IP owned by governments, universities and corporates
  • To promote innovation in venture policy-making and planning, encouraging governments to adopt best practices in legal frameworks, fiscal incentives, behavioural economics, and other areas of public policy.

The Institute produces the Coller Venture Review (previously known as Venture Findings) – a publication aimed at deepening understanding of innovation and the venture ecosystem.

Coller School of Management, at Tel Aviv University

The Coller School of Management at Tel Aviv University was established in 2016, following a major donation from the Jeremy Coller Foundation. The donation renamed, and boosted the capacities of, Israel's leading business school.

The Jeremy Coller Foundation funds the School to recruit new faculty, expand its research, and diversify and internationalise its student body.

The School hosts the Coller Startup Competition, a $100,000 prize awarded annually to startups focused on food, specifically on replacing animals in the human food supply chain. [15] The 2019 winner was Solutum Ltd, which develops water-soluble plastic-like bags. [16]

Factory farming

The Jeremy Coller Foundation looks at the consequences of factory farming for global sustainability. [17]

FAIRR (Farm Animal Investment Risk & Return) Initiative

FAIRR is a collaborative investor network that raises awareness of the material ESG risks and opportunities caused by intensive animal agriculture. [18] Launched by the Jeremy Coller Foundation in 2015, FAIRR believes that intensive animal agriculture and protein production poses material risks to the global financial system and hinders sustainable development. Its goal is to build a global network of investors who are focused and engaged on the risks and opportunities linked to animal factory farming. As of October 2023, FAIRR's membership and wider supporting network comprises institutional investors managing over $70 trillion in combined assets. [19] [20] FAIRR also runs collaborative investor engagements with global food companies to improve performance on selected ESG issues in the sector.

Human health

The Foundation is supporting activities to address the human health consequences of factory farming, with a focus on antibiotic resistance. [6]

The Foundation coordinates epidemiological research with governments and the public and private sectors to provide an evidential basis for the link between antibiotic misuse on factory farms and antibiotic resistance in humans, to project future resistance patterns, and to contribute to a global public health action plan. In parallel, the Foundation works with the Alliance to Save Our Antibiotics [21] and other NGOs to promote legislation for the appropriate use of antibiotics in farm animals.

Animal welfare

The Foundation seeks to highlight the animal welfare impacts of factory farming. [6] As concern among consumers about the way in which animals are treated in the course of producing meat, dairy or egg products increases, farm animal welfare is also growing in importance for investors in the food industry.

As part of this programme, the Foundation supports the Business Benchmark on Farm Animal Welfare (BBFAW), [22] a tool for investors to assess corporate animal welfare policies and performance and to integrate this into their investment decision making and engagement.

Coller Prize for Interspecies Conversation

In July 2020, Coller announced the Coller Prize for Interspecies Conversation, a $1m award for research into AI-augmented human-animal communication. The prize was announced by Interspecies I/O, a forum of leading figures in inter-species communication; its members include Peter Gabriel, Vint Cerf, Diana Reiss and Neil Gershenfeld. At the same forum, he also announced the Coller Hall of Fame and Young Leaders Circle, for leading interspecies thinkers, as well as the creation of a digital hub in support of interspecies research. [23]

Commenting on advances in machine learning, Coller said his aim was to “…seek out the conversation algorithm that will unlock in ourselves a greater sense of respect for those other animals with whom we share our planet, so we no longer see them simply as objects and possessions.”[ citation needed ]

Honours and awards

Coller has won numerous awards for his contribution to the private equity and venture capital industries. These include:

Coller received an Honorary Doctorate from Tel Aviv University in 2013, [26] for guiding the evolution of private equity as an asset class, and his commitment to the worldwide teaching of research in entrepreneurship and innovation. In 2011, he received an Honorary Fellowship from London Business School. [4] In 2008, he received an Outstanding Alumnus Award from the University of Manchester. [27]

Financial News has over several years voted Coller one of the most influential people in private equity and in 2013, named him its Private Equity Personality of the Decade.

Publications

Coller's book Splendidly Unreasonable Inventors: The Lives, Loves, and Deaths of 30 Pioneers Who Changed the World was published in 2008. [28]

Related Research Articles

In the field of finance, private equity (PE) is capital stock in a private company that does not offer stock to the general public. Private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms rather than the companies that they invest in.

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital (VC) is a form of private equity financing that is provided by firms or funds to startup, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.

An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital the investor usually purchases some species of property. Types of investments include equity, debt, securities, real estate, infrastructure, currency, commodity, token, derivatives such as put and call options, futures, forwards, etc. This definition makes no distinction between the investors in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns stock is a shareholder.

A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years. At inception, institutional investors make an unfunded commitment to the limited partnership, which is then drawn over the term of the fund. From the investors' point of view, funds can be traditional or asymmetric.

In finance, the private-equity secondary market refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private-equity funds as well as hedge funds can be more complex and labor-intensive.

<span class="mw-page-title-main">Susquehanna International Group</span> Trading firm

Susquehanna International Group, LLP (SIG) is a privately-held global trading and technology firm. It consists of a number of affiliated entities specializing in trading and proprietary investments in equities, fixed income, energy, commodity, index, derivative products, private equity, and venture capital, research, customer trading, and institutional sales. The company is headquartered in Bala Cynwyd, a suburb of Philadelphia, US. The firm employs more than 1,900 people.

<span class="mw-page-title-main">Coller Capital</span> British investor firm in the private equity secondary market

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

Lexington Partners is one of the largest manager of secondary acquisition and co-Investment funds in the world, founded in 1994. Lexington manages approximately $55 billion of which an unprecedented $14 billion was committed to the firm's ninth fund, the largest dedicated secondaries pool of capital ever raised at the time.

AlpInvest Partners is a global private equity asset manager with over $85 billion of committed capital since inception as of December 31, 2022. The firm invests on behalf of more than 450 institutional investors from North America, Asia, Europe, South America and Africa.

<span class="mw-page-title-main">Private equity in the 2000s</span>

Private equity in the 2000s represents one of the major growth periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital expanded along parallel and interrelated tracks.

Jon Moulton is a British venture capitalist. He is the founder and managing partner of the private equity firm Better Capital, and is the former managing partner of the private equity firm Alchemy Partners. He is an active private investor and has been working in private equity since 1980. Moulton regularly writes, broadcasts and speaks on corporate finance and financial matters. His career has also included spells running Citicorp Venture Capital, Schroder Ventures (Permira) and the buy-out group of Apax, as well as being a director of numerous public and private companies.

Preqin Ltd. is a privately held London-based investment data company that provides financial data and insight on the alternative assets market, as well as tools to support investment in alternatives. By the company's own definition, its data encompasses private capital and hedge funds, including fund, fund manager, investor, performance and deal information. The asset classes it covers are: private equity, venture capital, hedge funds, private debt, real estate, infrastructure, natural resources and secondaries.

<span class="mw-page-title-main">HarbourVest Partners</span> American private equity fund of funds

HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also directly in operating companies.

Alexander Ljungqvist is a Swedish economist, educator, scholar, writer, and speaker. He is a professor of finance at the Stockholm School of Economics, where he is the inaugural holder of the Stefan Persson Family Chair in Entrepreneurial Finance. His areas of expertise include corporate finance, investment banking, initial public offerings, entrepreneurial finance, private equity, venture capital, corporate governance, and asset pricing. Professor Ljungqvist teaches Master's, MBA, and executive courses in private equity and venture capital and a PhD course in corporate finance.

Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". At its core, impact investing is about an alignment of an investor's beliefs and values with the allocation of capital to address social and/or environmental issues.

Capital Dynamics is an independent global asset management firm focusing on private assets, including private equity, private credit, and clean energy. Created in 1988, the firm has offices in Zug, New York, Miami, San Francisco, London, Birmingham, Munich, Hong Kong, Tokyo, Dubai, Milan, Paris, and Seoul. As of Q3 2021, Capital Dynamics oversees more than USD 13 billion in assets under management and advisement1, and employs approximately 160 workers globally across 14 offices in Europe, the Middle East, North America, and Asia.

Izak Parviz Nazarian was an Iranian-born American billionaire, businessman, investor, real-estate developer, and philanthropist. He was the managing partner of Omninet Capital, an investment vehicle and the first major investor in Qualcomm.

<span class="mw-page-title-main">Dan Amiram</span> Professor of Business

Dan Amiram is the Dean and the Joseph Safra Capital markets and Financial Institutions Chaired professor of Business at the Coller School of Management at Tel Aviv University. He also serves as the head of the Fintech concentration in the MBA program. He served and currently serves on public companies' board of directors in the United States and Israel.

TAU Ventures is a venture capital firm investing in early state startups in Israel. It was founded in 2018 by Tel Aviv University and Nimrod Cohen, and is headquartered in Tel Aviv, Israel.

<span class="mw-page-title-main">FAIRR Initiative</span>

The Farm Animal Investment Risk and Return Initiative commonly called FAIRR Initiative, is an investor network.

References

  1. ↑ "Tel Aviv University Leadership". Tel Aviv University. 6 November 2012. Retrieved 25 September 2020.
  2. ↑ Times, The Sunday (12 May 2019). "Rich List 2019: profiles 351-399=, featuring the Queen, Elton John and David Beckham". The Times . ISSN   0140-0460 . Retrieved 7 November 2019.
  3. ↑ "The 'leech on a leech's back'". The Times . ISSN   0140-0460 . Retrieved 29 February 2020.
  4. 1 2 "Jeremy Coller". Sustainability. Retrieved 29 February 2020.
  5. ↑ "2013 TAU Honorary Degrees Awarded | Tel Aviv University". English.tau.ac.il. 9 June 2013. Retrieved 23 July 2016.
  6. 1 2 3 "Private equity executive fights antibiotic risks in farming | Financial Times". www.ft.com. Retrieved 29 February 2020.
  7. ↑ "Jeremy Coller". Euromoney. 31 March 2003. Retrieved 29 February 2020.
  8. ↑ Taylor, James (3 January 2013). "Coller raises biggest ever secondaries fund". Private Equity International. Retrieved 29 February 2020.
  9. ↑ "Europe's 50 Most Influential in Private Equity 2019". www.penews.com. Retrieved 21 January 2020.
  10. ↑ Staff, P. E. I. (16 January 2013). "Coller has secondaries mega fund in sights". Infrastructure Investor. Retrieved 12 October 2020.
  11. ↑ "Jeremy Coller Foundation" . Retrieved 23 August 2019.
  12. ↑ "Jeremy Coller AC profile". The Elders. 23 October 2018. Retrieved 29 February 2020.
  13. ↑ "Private equity gets a lifeline for research". Financial Times. 13 October 2008. Retrieved 23 August 2019.
  14. ↑ "Tel Aviv University nabs $50m donation - Globes". en.globes.co.il (in Hebrew). 18 May 2016. Retrieved 29 February 2020.
  15. ↑ "Tel Aviv University Competition Offers $100K Investment For FoodTech Startups". Vegeconomist. Retrieved 19 April 2020.
  16. ↑ Pick, Adi (21 July 2019). "From Edible Shot Glasses to Biodegradable Plastics: Eight Companies Reducing Plastic Waste". CTECH - www.calcalistech.com. Retrieved 28 September 2020.
  17. ↑ "RI Interview: Jeremy Coller, the private equity titan backing ESG to end animal factory farming". Responsible Investor. Retrieved 29 February 2020.
  18. ↑ "Private equity executive fights antibiotic risks in farming". www.ft.com. Retrieved 29 February 2020.
  19. ↑ "About FAIRR". FAIRR. Retrieved 23 August 2019.
  20. ↑ "Climate Change Is Already Costing Meat and Dairy Producers a Lot". Bloomberg.com. 3 September 2019. Retrieved 29 February 2020.
  21. ↑ "Alliance to save our antibiotics". www.saveourantibiotics.org. Retrieved 23 August 2019.
  22. ↑ "BBFAW | Business Benchmark - A benchmark on farm animal welfare". www.bbfaw.com. Retrieved 23 August 2019.
  23. ↑ "Coller Prize for Interspecies Conversations, Hall of Fame & Young Leaders Circle". Coller Foundation. 16 July 2020. Retrieved 18 July 2020.
  24. ↑ Editorial, P. E. N. "Europe's 50 Most Influential People in Private Equity". www.penews.com. Retrieved 23 August 2019.
  25. ↑ "Private equity's top dealmakers, fundraisers and advisers in Europe". www.fnlondon.com. Retrieved 1 December 2020.
  26. ↑ "2013 TAU Honorary Degrees Awarded". Tel Aviv University. Retrieved 23 August 2019.
  27. ↑ "Outstanding Alumni". Your Manchester Online - The University of Manchester. Retrieved 29 February 2020.
  28. ↑ Jeremy Coller. "Splendidly Unreasonable Inventors: The Lives, Loves, and Deaths of 30 Pioneers Who Changed theWorld by Jeremy Coller — Reviews, Discussion, Bookclubs, Lists". Goodreads.com. Retrieved 23 July 2016.
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