Coller Capital

Coller Capital is one of the largest global investors in the private equity secondary market ("secondaries").[1][2] It was founded in 1990 by the UK-based investor and philanthropist Jeremy Coller.

Coller Capital
TypePrivate Ownership
IndustryPrivate Equity
Founded1990 (1990)
FounderJeremy Coller
HeadquartersLondon, W1
United Kingdom
Number of locations
3
ProductsPrivate Equity Secondaries
Total assets$17bn committed capital
Number of employees
200+ (2020)
Websitewww.collercapital.com

History


Coller Capital completed its first notable deal in 1998, when it acquired a $265m portfolio of limited partnership interests from Shell's US Pensions Trust. Secondaries Investor magazine observed that the deal was unusual for its size, being at that point the single biggest secondary transaction on record, with Coller betting his entire $240m eponymous fund.[3]

The firm is now among the world’s biggest secondaries specialists.[4] It has raised $21 billion across seven funds.[5] Some of its transactions are among the largest in the private equity secondary market, including deals of $1 billion without the need for syndication.[6] It has also made single investments as small as $1 million.

Although Jeremy Coller did not create secondary investing, both he and his firm have come to be synonymous with the sector, with Private Equity News referring to Coller as "The Godfather of Secondaries".[5][7][8][9][10]

Operations

The firm provides liquidity to private equity investors, acquiring interests in private equity funds, portfolios of private companies, and other private equity-related assets.

As a secondary investor, Coller Capital acquires original investors’ stakes in private equity funds, such as venture capital, buyout and mezzanine funds, together with portfolios of companies or stakes in companies, from financial institutions, corporates, government bodies, family offices or charitable foundations. It holds interests in over 850 private equity funds and around 8,000 companies on behalf of investors.[5]

Coller Capital operates from offices in London, New York and Hong Kong. It reports 200+ employees and 29 partners. It is currently raising capital for an eighth fund.[5][11]

Funds
Fund name Closed Commitments
Coller International Partners I 1996 $84 million; now liquidated
Coller International Partners II 1998 $240 million; now liquidated
Coller International Partners III 2000 $712 million; now liquidated
Coller International Partners IV 2002 $2.6 billion; 160 institutional investors[12][13]
Coller International Partners V 2007 $4.8 billion; 200 institutional investors[14]
Coller International Partners VI 2012 $5.5 billion; 200 institutional investors[15]
Coller International Partners VII 2015 $7.15 billion; 170 institutional investors[16]


Publications

The firm publishes financial periodicals, white papers and surveys, including those by The Coller Institute of Venture at Tel Aviv University and the Coller Research Institute.

  • The Coller Capital Global Private Equity Barometer, a biannual survey of investors.[17]
  • Private Equity Findings, debating academic research into private equity.
  • Private Equity Secondary Market, a white paper of the secondary market’s theoretical framework.
  • ESG Report, on the policies and practices of Coller Capital general partners.
  • Coller Venture Review, aimed at institutional investors and limited partners, venture capitalists, public policymakers, and scholars in related fields, issued by the Coller Institute of Venture at Tel Aviv University.

Awards

Financial News

  • European PE Secondaries Firm of the Year x 6
  • European Secondaries Deal of the Year

Real Deal

  • Secondaries House of the Year x 2

PE International

  • Secondaries Firm of the Year x 5
  • European Secondaries Firm of the Year x 2
  • European Secondaries Deal of the Year x 4
  • Global Secondaries Firm of the Year
  • Best Secondaries Firm

BVCA

  • Responsible Investment Award

References
  1. Mnyanda, Lukanyo; Baumgaertel, Christian; Porter, Kiel (8 January 2018). "One of the Most Valued Private Equity Firms Isn't on Wall Street". Bloomberg. Retrieved 15 October 2018.
  2. Weinberg, Neil; Vardi, Nathan (3 March 2006). "Private Inequity". Forbes. Retrieved 15 October 2018.
  3. Taylor, James; Borel, Philip (2014-10-06). "Privately Speaking: Coller Capital's Jeremy Coller". Secondaries Investor. Retrieved 2020-02-29.
  4. "Private Equity Veteran Jeremy Coller Champions Farm Animal Welfare". Institutional Investor. Retrieved 2020-02-29.
  5. "Europe's 50 Most Influential in Private Equity 2019". www.penews.com. Retrieved 2020-02-29.
  6. Taylor, James; Borel, Philip (2014-10-06). "Privately Speaking: Coller Capital's Jeremy Coller". Secondaries Investor. Retrieved 2020-02-29.
  7. "RI Interview: Jeremy Coller, the private equity titan backing ESG to end animal factory farming". Responsible Investor. Retrieved 2020-02-29.
  8. Staff, P. E. I. (2013-01-12). "The 30 most influential LPs in Europe". Private Debt Investor. Retrieved 2020-02-29.
  9. Dorbian, Iris (2016-07-18). "Coller Capital makes three senior appointments". PE Hub. Retrieved 2020-02-29.
  10. "Subscribe to read | Financial Times". www.ft.com. Retrieved 2020-02-29. Cite uses generic title (help)
  11. Louch, William. "Coller Capital Targets $9 Billion for Latest Flagship Fund". www.penews.com. Retrieved 2020-02-29.
  12. Briefel, Alan; Mariathasan.March 2004, Joseph. "Secondhand deals - how attractive?". IPE. Retrieved 2020-02-29.
  13. Bawden, By Tom. "Coller raises £1.6bn for buy ups". ISSN 0140-0460. Retrieved 2020-02-29.
  14. Taylor, James (2013-01-16). "Coller raises biggest ever secondaries fund". Infrastructure Investor. Retrieved 2020-02-29.
  15. Kozlowski, Rob (7 January 2016). "Coller Capital closes seventh secondary fund at $7.15 billion". Pensions & Investments. Retrieved 15 October 2018.
  16. Yap, Shiwen (10 January 2016). "Coller Capital makes final close of seventh secondaries fund at $7.15b". Deal Street Asia.
  17. Jacobius, Arleen (26 June 2017). "Infrastructure in good graces of managers again". Pensions & Investments. Retrieved 15 October 2018.
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