Saturday, 25 April 2015
Last updated 22 hours ago
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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…