Coller Capital

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.

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.

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.

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.

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.

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.

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.