Coller Capital plans to begin raising its seventh secondaries fund in October, Secondaries Investor has learned.
The firm declined to comment on fundraising.
Coller is currently investing its Fund VI, which closed on $5.5 billion in 2012. The firm is expected to have deployed about 75 percent of Fund VI by mid-2014, which would allow it to begin raising a subsequent fund this year, Secondaries Investor previously reported.
Limited partners in Fund VI include US pensions such as the California State Teachers’ Retirement System and the Michigan Department of Treasury, according to PEI’s Research & Analytics division. The Dr. Scholl Foundation and the Peabody Essex Museum are also among the LPs that committed to the fund.
Headquartered in London with offices in Hong Kong and New York, the firm does a mix of deal types globally.
In 2012, Fund VI purchased a stake in Charterhouse Capital Partners’ €4 billion CCP VIII from investment company Capital Guidance according to a UK regulatory notice. Other Fund VI transactions have included the acquisition of a £1.03 billion portfolio from Lloyds Banking Group and backing the spin-out of Absa Capital Private Equity, the former captive of Barclays Africa Group now renamed Rockwood Private Equity.