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Coller International Partners VIII (CIP VIII)
Coller International Partners VIII closed at $9B in 2022, the largest dedicated LP-stake secondaries fund ever raised, run by founder Jeremy Coller.
Coller International Partners VIII (CIP VIII)
Coller International Partners VIII (CIP VIII) is the eighth flagship fund raised by Coller Capital, a specialist secondaries firm founded by Jeremy Coller in 1990. Coller Capital pioneered the institutional purchase of private equity limited partner interests, creating a market where investors could sell pre-existing commitments to other funds before natural liquidity events. The firm operates from New York and London. CIP VIII raises capital from institutional investors and deploys it by acquiring stakes in buyout, growth equity, venture capital and credit funds from original limited partners seeking early liquidity. The fund purchases concentrated portfolios of LP interests through negotiated transactions, often taking over entire legacy fund relationships from selling institutions. Confirmed deal activity during the CIP VIII era includes the acquisition of a $1B portfolio of fund stakes from a sovereign investor in 2023 and the buyout of LP positions originally held by a European pension fund across multiple managers (per Secondaries Investor, 2023). The fund transacts across North America, Europe and Asia. Coller Capital manages over $30B in aggregate across its secondaries, co-investment and credit strategies. CIP VIII, which closed in December 2022 at $9B, exceeded its $7B target and surpassed the firm's own CIP VII, which closed at $7.15B in 2019. In May 2024, Coller Capital announced the launch of a dedicated wealth-management secondaries vehicle aimed at individual accredited investors, expanding access beyond the institutional LP base that defines CIP VIII (per the firm, May 2024). Coller Capital remains the only large-scale secondaries manager with a pure-play focus on LP-led transactions, avoiding the GP-led continuation fund deals that now dominate competitor volumes. This stance makes CIP VIII structurally distinct from peers like Lexington Partners or Ardian, who blend LP-stake purchases with significant GP-led restructuring mandates. The succession of flagship funds over 30 years without a strategy pivot reinforces a governance model where investment mandates remain stable even as AUM grows.
General information
Firm type
Generic
Year founded
—
AUM
$9B target (Altss estimate)
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
London, United Kingdom
Principals
Jeremy Coller
Founder & Chief Investment Officer
Francois Aguerre
Partner, Co-Head of Investments
Michael Schad
Partner, Co-Head of Investments
Sector focus
Frequently asked questions
How does CIP VIII source its deal flow?
Coller sources LP portfolios directly from institutional sellers — pension funds, sovereign funds, endowments and financial institutions — who seek early liquidity on private equity fund commitments. The firm relies on a 30-year track record and a dedicated origination team across New York and London, accessing transactions before they reach broad auction processes. Coller often negotiates bilaterally with sellers, allowing it to structure terms outside competitive bidding.
Does CIP VIII focus on LP-stake acquisitions or GP-led continuation funds?
CIP VIII remains a pure-play LP-stake acquirer. Unlike peers who now allocate the majority of their secondaries capital to GP-led single-asset or multi-asset continuation fund deals, Coller has maintained its model of purchasing limited partner interests from original fund investors across hundreds of underlying managers. This distinguishes CIP VIII structurally from most large secondaries funds raised after 2020.
What types of underlying funds does CIP VIII acquire stakes in?
CIP VIII buys interests across buyout, growth equity, venture capital and private credit funds. The portfolio spans vintages and geographies, with concentration in North American and European middle-market and large-cap managers. Coller typically acquires portfolios containing 10 to 40 fund positions per transaction, diversifying the underlying manager exposure.
Who makes investment decisions at CIP VIII?
Jeremy Coller, as Founder and CIO, chairs the Investment Committee. Partners Francois Aguerre and Michael Schad serve as Co-Heads of Investments, leading the team that evaluates, structures and executes all portfolio acquisitions. The committee has remained stable across multiple fund cycles, with Coller retaining final sign-off on all major commitments.
How is CIP VIII related to Coller Capital's other vehicles?
CIP VIII is the flagship institutional secondaries fund within Coller Capital's platform, which also includes co-investment and private credit strategies under separate fund structures. In May 2024 the firm launched a wealth-management secondaries vehicle that operates independently from CIP VIII, targeting a different investor base and offering smaller commitment sizes.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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