Fundraising professional leaves Coller Capital to join CVC

The move happens as Coller Capital continues to raise its Coller International Partners VII, targeting $5.5bn.

Rabeeh Ajjour, who used to focus on fundraising at Coller Capital in New York, left the firm about six months ago. He will no longer work in the secondaries sector as he started this week at CVC Capital Partners, Secondaries Investor has learned.

At CVC Capital Partners, a private equity and investment advisory firm that doesn’t invest in secondaries, Ajjour will work in business development and investor relations and will also focus on fundraising activities, according to his LinkedIn profile.

It’s unclear whether Ajjour was replaced at Coller Capital, where he spent only a year until he left in December 2014. According to the firm’s website, Ashley Johansen is a partner in charge of investor partnerships and fundraising in New York, while Susan Flynn is a partner responsible for investor relations in London.

According to a person familiar with the fundraising team at Coller, the core administrative and logistics team focused on fundraising at the firm number about six people, while “a number of the investment partners” are also involved in fundraising efforts.

Coller Capital is currently raising Coller International Partners VII, which has a $5.5 billion target and a $6 billion hard cap, according to PEI’s Research and Analytics division.

Louisiana State Employees’ Retirement System has already committed $75 million to the fund and New Hampshire Retirement System has committed $50 million. At the end of April, Pennsylvania School Employees’ Retirement System committed $100 million to the fund.

Coller Capital and Ajjour both declined to comment.