Coller Capital has held a final closing of Coller International Partners VI with commitments of $5.5 billion. The new fund, which had a target size of $5 billion, will acquire private equity portfolios, positions in existing private equity funds and interests in privately-held companies. Coller International Partners V closed in April 2007 with commitments of $4.8 billion.
The new fund has more than 200 Limited Partners. Pension plans account for 53% of the fund’s committed capital; sovereign wealth funds/government entities for 15%; and insurance companies for 10%; with the remaining commitments coming from endowments and foundations, family offices and other types of asset manager.
As with earlier funds, fund 6 will target assets and sellers located anywhere in the world, and make individual investments ranging in size from $1 million to $1 billion.
“We are delighted to have formed this new fund partnership at such an exciting time in the secondaries market, when investors from all over the private equity world are looking to re-shape their portfolios or exit from the asset class,” said Jeremy Coller, Coller Capital’s chief investment officer. “With $5.5 billion of firepower, fund 6 will be able to provide comprehensive secondaries solutions to even the largest of these investors. We have already committed $800 million of the new fund’s capital, and we have a very full pipeline of potential investments.”
Coller Capital was founded in 1990 and has offices in New York, London, and Hong Kong (www.collercapital.com).