Two former Coller Capital partners have started a secondaries firm and aim to raise a fund focused on GP-led restructurings, Secondaries Investor has learned.
Sebastien Burdel and Luca Salvato have launched Spring Bridge Partners, according to three sources familiar with the matter. The firm was registered with the UK’s Companies House in May, with Burdel listed as its officer.
The firm is seeking as much as $500 million for the vehicle and Burdel and Salvato have been speaking to potential limited partners, according to one of the sources.
Burdel and Salvato were investment partners at Coller until July 2016 when they left the secondaries firm after 13 and 16 years respectively, as Secondaries Investor reported. Their departures were amicable and prompted by Burdel and Salvato choosing to pursue new opportunities outside Coller, rather than wanting to commit to continuing in senior positions for another five to 10 years, the secondaries firm said at the time.
Burdel and Salvato did not return requests for comment.
– Rod James contributed to this report.