A 15-year veteran and partner at Coller Capital has left for one of the secondaries firm’s portfolio companies, Secondaries Investor has learned.
London-based Crispin Payne, who spent 15 years at the firm, will become senior vice-president at Displaydata, a spokeswoman for Coller confirmed.
“He has been an exemplary member of the Coller team for 15 years, and his move to Displaydata comes with our very best wishes,” she said.
His appointment was effective 1 November.
Payne has been on secondment at the company, which supplies electronic shelf labelling systems to the retail industry, since February, the spokeswoman added.
Payne joined Coller in 2002 from Shell Internet Ventures, the investment arm of the Anglo-Dutch energy company, where he was an investment manager. He became a partner responsible for risk in 2009.
During his time at Coller, the firm raised four flagship funds totalling around $20 billion, according to PEI data. Its most recent, the $7.2 billion Coller International Partners VII, reached final close in January 2016.
In 2014 Payne wrote New Strategies for Risk Management in Private Equity, a book published by PEI.
Displaydata’s electronic shelf labels allow retailers to instantly change the prices of goods across multiple stores. Other financial backers include hedge fund Lansdowne Capital and Zebra Technologies Corporation, an electronic printing and marking company with a market capitalisation of $4.6 billion.
In May, principal Philipp Patschkowski, who had been at Coller for almost a decade, departed to help build the European private equity business of Neuberger Berman, Secondaries Investor reported.
In July 2016, Secondaries Investor revealed that investment partners Sebastien Burdel and Luca Salvato were to leave the firm after 13 and 16 years, respectively. In May 2016, Ashley Johansen, a New York-based partner responsible for fundraising, also departed.