The firm, which spun out of New Enterprise Associates in 2018, raised two funds, including a special vehicle to buy portfolios being liquidated by other VC funds.
If it hits the hard-cap, the firm's latest fund would be 67% larger than its 2018-vintage predecessor.
The firm has been expanding its team as it seeks almost $1bn across three separate strategies.
ASF IX would be tied for the largest standalone fund dedicated to secondaries, alongside Lexington Capital Partners X, which launched in May.
A growing number of liquidity providers are looking for a piece of the private wealth market, all trying to demonstrate a distinct edge.
Coller Credit Opportunities I came to market in May, targeting $750m, and is managed by partners Michael Schad, Ed Goldstein and Martins Marnauza.
Despite the shift to newer vintages, early distributions and higher IRRs remain important to secondaries investors, said managing director Cari Lodge.
As Brazilian pensions finish divesting their private assets, buyers hope a primary investing boom will have positive implications for the secondaries market.
Secondaries firms get a ‘helicopter view’ and the market is unpredictable, Coller’s head of ESG tells affiliate publication New Private Markets.
The partnership will see secondaries market veterans and former Coller Capital investment professionals Sebastien Burdel and Luca Salvato join in London and New York, respectively.
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