Coller to return to market in Q2, plots flagship mega-fundraise

The secondaries pioneer has been expanding its offerings, raising $1.4bn for a debut dedicated credit secondaries fund and exploring a yuan-denominated strategy for China.

Coller Capital is planning a return to market in the first half of this year amid a potential change in ownership structure at the last remaining large-scale independent secondaries firm.

The London-headquartered secondaries pioneer will seek between $10 billion and $12 billion for Coller International Partners IX, according to a source familiar with the fundraise. Coller is expected to begin speaking to potential limited partners about the fund in the second quarter of this year.

At $12 billion, CIP IX would be around one-third larger than its predecessor, which raised around $9 billion last year, according to Secondaries Investor data. That fund, Coller International Partners VIII, is around 50 percent to 60 percent invested, according to the source.

The fundraise would come amid questions about Coller Capital’s ownership. Secondaries Investor reported last year that the firm was speaking to potential buyers about a sale. It is unclear whether this would result in a majority buyout or a minority stake sale.

Coller has been expanding its strategy. This month, the firm raised $1.4 billion for a debut dedicated credit secondaries fund, which it said was the largest such vehicle ever raised for the strategy. The fund, Coller Credit Opportunities I, raised almost double its $750 million target.

In November, Secondaries Investor reported that the firm was exploring a yuan-denominated strategy and had opened an office in Beijing.

A spokesperson for Coller declined to comment.