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Coller Capital
Coller Capital was founded in London in 1990 by Jeremy Coller, who had previously run the private equity secondaries programme at the UK pension fund...
Coller Capital
Coller Capital was founded in London in 1990 by Jeremy Coller, who had previously run the private equity secondaries programme at the UK pension fund British Coal. From a standing start, he persuaded institutional investors to back a dedicated vehicle for purchasing limited partner interests in existing private equity funds — a concept that, at the time, had almost no dedicated capital. That first fund, Coller International Partners I, raised approximately $100 million and established the blueprint that the firm has scaled across three decades. The firm deploys exclusively into private equity secondaries, spanning LP stakes, GP-led restructurings, tender offers, and whole-portfolio liquidity solutions. Coller's mandate covers buyout, venture, growth, credit, and infrastructure funds across North America, Europe, and Asia-Pacific. It typically writes checks large enough to single-handedly anchor a transaction, and its seller base ranges from pension funds rebalancing to banks offloading pre-crisis legacy portfolios. Landmark deals include the acquisition of a $1 billion portfolio of private equity fund interests from Lloyds Banking Group and the purchase of a substantial stake from the Government of Singapore Investment Corporation. Coller's edge is permanent capital patience — it can hold purchased interests through full fund lifespans rather than repackaging for quick resale. The firm has raised eight flagship Coller International Partners funds, with CIP VIII closing on approximately $9 billion in commitments. Alongside its London headquarters, Coller maintains offices in New York, Hong Kong, and several other financial capitals, reflecting a deal pipeline that spans every major private equity jurisdiction. Adjacent vehicles include Coller Credit Partners, a specialist secondaries fund targeting private credit assets. In 2023, the firm promoted Peter Wu to lead its global private wealth distribution effort, signaling an expansion into the individual investor channel (per the firm's official communications, 2023). Coller Capital's structural distinction is its independence and singular focus. Unlike many secondaries platforms housed within multi-strategy asset managers or private equity firms that also run primaries funds, Coller has no conflicts arising from managing captive LP capital or selling fund interests it originated. Its entire revenue and reputation depend on being the most credible, consistent buyer in the secondaries market. That alignment, combined with a quarter-century track record of navigating distressed sellers and pricing complex portfolios, creates a sourcing funnel that competitors inside larger institutions find difficult to replicate.
General information
Firm type
Asset Manager
Year founded
1990
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Additional offices
New York · Hong Kong · Beijing · Luxembourg · Seoul · Zürich
Principals
Jeremy Coller
Founder & Chief Investment Officer
Sector focus
Frequently asked questions
What exactly does Coller Capital do — and what does it explicitly not do?
Coller Capital is a pure-play secondaries firm. It purchases existing limited partner interests in private equity, private credit, and infrastructure funds from investors who need early liquidity. It also provides GP-led liquidity solutions such as tender offers and continuation fund capital. The firm does not make primary fund commitments, does not acquire GP management company stakes, and does not originate direct company investments. Its entire capital base and team are organized around being a buyer of seasoned fund positions.
How large are the equity checks Coller typically writes?
Coller specializes in large, complex portfolio transactions — often the sole or lead buyer on deals exceeding $500 million. The firm's $9 billion flagship fund allows it to acquire entire private equity programmes from pension funds, sovereign wealth funds, and financial institutions. It can also execute smaller LP-interest purchases, but its structural edge is in transactions that require a buyer large enough to underwrite and syndicate among its own committed capital without external financing risk.
Who founded Coller Capital, and what was his background before secondaries?
Jeremy Coller founded the firm after running the private equity secondaries portfolio at British Coal's pension fund in the late 1980s. That role made him one of the earliest institutional practitioners of LP-stake trading. He launched Coller Capital in 1990 specifically to build a dedicated, institutional-grade secondaries fund — at a time when no independent manager existed in that niche.
Does Coller Capital operate as a family office or an asset manager?
Coller Capital is a regulated asset manager, not a family office. It raises discretionary commingled funds from institutional limited partners, including public pension funds, sovereign wealth funds, endowments, and family offices. Jeremy Coller is the controlling equity holder and CIO, but the firm's investment capital comes from third-party LPs, not personal Coller family money.
How does Coller source proprietary deal flow in a growing secondaries market?
Coller's 30-plus-year track record, permanent capital structure, and relationships with virtually every major private equity investor globally generate a first-look on many large LP portfolios. Sellers approach Coller because they know it can close without syndication or financing contingencies. The firm also proactively identifies institutions facing regulatory or strategic pressure to reduce private equity exposure — European banks post-GFC and Asian insurers post-solvency rule changes are two examples — and presents bespoke liquidity solutions.
What is Coller's known posture on co-investing alongside external GPs?
Coller's model is buying fund interests on the secondary market, so it rarely co-invests directly alongside GPs in new deals. When it participates in GP-led restructurings, it may end up alongside other secondaries buyers as co-lead investors in a continuation vehicle, but that is structured as a fund-level transaction rather than a traditional direct co-investment. The firm does not maintain a separate direct investment programme.
Are there philanthropic foundations linked to Coller Capital?
Jeremy Coller established the Jeremy Coller Foundation, a philanthropic entity focused primarily on animal welfare and sustainable food system reform, particularly through its Farm Animal Investment Risk & Return (FAIRR) initiative. The foundation is legally and operationally separate from Coller Capital's fund management business. Coller's personal philanthropic capital does not flow through or influence the secondaries investment process.
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