Coller Closes $4.5B Private Equity Secondary Vehicle

May 15 2007 | 11:49am ET

Coller Investment Management has held a final close on Coller International Partners V, a private equity secondary vehicle, with investor commitments of $4.5 billion. The fund, which is already one-quarter invested, was originally capped at $3.75 billion but investor interest persuaded the firm to increase it. Some 41% of the fund's committed capital comes from North America, 34% from Europe, and 25% from Asia and the Middle East.

Like its four predecessor funds, CIP V’s mandate is to invest in established p.e. funds and privately held companies. It will make investments ranging from $1 million to $1 billion or more.

“The record size of CIP V is a testament to the value of the secondaries market as a whole,” Jeremy Coller, Coller Capital's chief executive officer, said. “By providing liquidity to a previously illiquid asset class, secondaries have significantly increased private equity's attractiveness to institutional investors.”

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