News & Analysis

Wisconsin committed $50m to Coller VII

This is a re-up for the State of Wisconsin Investment Board which has invested in at least the last five Coller secondaries funds.

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The State of Wisconsin Investment Board (SWIB) re-upped its commitment to Coller Capital funds during the London-based secondaries firm’s latest fundraise, according to 10 February board meeting documents.

The state pension fund committed $50 million to Coller International Partners VII (CIP VII), which closed on $7.2 billion on 31 December, as Secondaries Investor reported. CIP VII closed above its $6.5 billion hard-cap with a $650 million commitment from the firm itself.

SWIB has committed to Coller’s last five secondaries funds, according to PEI’s Research & Analytics.

Two partners at Coller have left the firm since the fundraising for CIP VII closed. In January, Tim Jones stepped down as chief executive for personal reasons and Ashley Johansen, a partner responsible for fundraising also left the firm.

As of 31 December, the SWIB private equity portfolio, excluding strategies such as co-investment, had a market value of $5.5 billion and delivered a 10.4 percent return for the calendar year, according to the documents.