Coller Capital Raises $6.8 Billion for Secondaries Fund
- Business Companies Funding World
Global Business Magazine- 4 minutes read
The UK-based Coller Capital, one of the largest global investors in the private equity secondary market, has announced the final closing of Coller Credit Opportunities II (CCO II), bringing a record total of $6.8 billion raised for Coller’s credit platform in its latest fundraising cycle.
Coller’s credit platform includes commingled funds, co-investment vehicles, separately managed accounts, and its credit-focused perpetual funds.
The successful capital raise follows the firm’s pioneering $1.4 billion first credit fund, CCO I, which previously set the benchmark as the largest private credit secondaries fund at the time. Coller Capital’s robust fundraising reflects its established global presence, innovative approach, and deep specialist expertise in secondaries.
CCO II targets senior direct lending and high-quality performing credit investments across LP-led and GP-led opportunities. The fund seeks to deliver strong risk-adjusted returns and stable, resilient performance through market cycles by providing investors diversified exposure to premium credit assets.
The private credit secondaries market has grown substantially, driven by increasing investor demand for liquidity solutions, diversification, and sophisticated portfolio management tools. Coller Capital has seen $53 billion of secondary credit investment opportunities since January 2024, with substantial growth anticipated as more private credit funds mature.
Michael Schad, Partner, Head of Coller Credit Secondaries, said that the latest record-setting fundraise of $6.8 billion reinforced Coller Capital’s status as the preeminent investor in private credit secondaries.
“Our disciplined, credit-centric investment strategy, combined with our ability to execute complex transactions at scale, continues to resonate with global investors seeking defensive, diversified strategies. With increased market participation and liquidity demand, we anticipate continued strong activity in LP-led and GP-led transactions throughout 2025 and beyond,” Schad added.
Milestone Fundraise
Jeremy Coller, Chief Investment Officer and Managing Partner of Coller Capital, said that CCO II is a milestone fundraise that reaffirms the significant evolution and maturation of the private credit secondaries market.
Investors were increasingly recognising the strategic importance of private credit secondaries in achieving defensive exposure, liquidity, and enhanced portfolio management amid heightened market volatility. Coller Capital’s global platform, specialist knowledge, and proven track record uniquely position us as the partner of choice for investors around the world, he said.
“The success of this fundraise is a testament to the quality of Coller’s entire global team and the trust our partners place in us, as well as the track record of our credit leaders Michael Schad, Ed Goldstein, and Martins Marnauza who have been investing together for more than 14 years,” he added.
Coller Capital was an early mover in credit secondaries, pioneering investments as early as 2008. To date the firm has now committed $10.1 billion to the space.
Coller Capital’s leading market position is exemplified by recent landmark transactions, including the acquisition of a $1.6 billion senior direct lending portfolio from American National, one of the largest-ever LP-led credit secondaries transactions.
Additionally, in 2024, Coller Capital created the industry’s largest credit continuation vehicle to date, underwriting a $1.6 billion portfolio managed by Abry Partners.
