Secondaries firm Coller Capital has deployed more than $3.5 billion – roughly over two-thirds – of its $5.5 billion Coller International Partners VI (CIP VI), Secondaries Investor has learned.
The fund is expected to hit the 75 percent deployed-mark halfway through this year, allowing the firm to begin raising Fund VII by the end of 2014.
Coller declined to comment.
The London-headquartered firm held the final close for CIP VI on $5.5 billion in July 2012. CIP VI invests in assets globally that range in size from $1 million to more than $1 billion, according to PEI Research & Analytics.
CIP VI’s first deal was backing the March 2012 spin-out of Crédit Agricole Private Equity, a European SME investor that was renamed Omnes Capital. Other transactions have included the $1.03 billion purchase of a Lloyds Banking Group portfolio and the backing of Barclays Africa spin-out Rockwood Private Equity.
LPs in Fund VI include the California State Teachers’ Retirement System, Colorado Public Employees’ Retirement Association and Tyne and Wear Pension Fund in the UK.