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Coller expands London fundraising team

SecondariesInvestor.com revealed last week the firm was gearing up for Fund VII, having already deployed more than two-thirds of its $5.5bn Fund VI.

Private equity secondaries specialist Coller Capital has hired Kanika Kumar as a fundraising manager in its London office, according to a person familiar with the matter.

Kumar joined Coller in February. She was previously an associate at London-based placement agent Acanthus Advisors and an investment professional at The Blackstone Group.

Secondaries Investor revealed last week that Coller is gearing up to launch its next secondaries fund at the end of this year, having already invested two-thirds of its $5.5 billion Fund VI.

Coller closed its most recent fund on $5.5 billion in July 2012, with commitments from more than 200 limited partners, the firm said at the time. Pension funds committed just over half the capital raised, with sovereign wealth funds providing 15 percent and insurers 10 percent. Endowments, foundations, family offices and other asset managers accounted for the remaining 22 percent.

LPs included: the New Mexico State Investment Council; Ohio Police & Fire Pension Fund; Oregon Investment Council; Oregon Public Employees’ Retirement System; Pennsylvania Public School Employees’ Retirement System; School Employees’ Retirement System of Ohio; and the State of Wisconsin Investment Board, according to Private Equity International’s Research and Analytics division.

Last March, Coller Capital promoted Tim Jones to the newly created role of chief executive. Jeremy Coller, who founded the firm in 1990, is executive chairman and chief investment officer.

Coller Capital has offices in London, New York and Hong Kong.