Coller Capital

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Coller Capital

Type	Private Ownership
Founded	1989
Headquarters	London, United Kingdom
Industry	Private Equity
Products	Private Equity Secondaries
Total assets	$8 billion
Employees	100+ (2007)
Website	www.collercapital.com

Coller Capital, founded in 1990 by Jeremy Coller, is one of the leading global investors in the Private equity secondary market (also known as secondaries).^[1]

As a secondary investor, Coller Capital acquires existing private equity interests including venture capital, leveraged buyout and mezzanine capital funds, together with portfolios of privately held companies or stakes in companies. Sellers of these interests range from financial institutions, corporations, government entities and family offices. Coller has completed some of the largest transactions in the secondary market, but also will acquire small individual interests.

1 Notable deals
2 Investment Program
3 Competitors
4 References
5 External links

[edit] Notable deals

In 2000, it acquired about £500 million of investments in unquoted companies originally assembled by the National Westminster Bank from the Royal Bank of Scotland. ^[2]

In 2002, it acquired 80% of the venture capital portfolio of Lucent Technologies.^[3]

In 2003, it financed British Telecom's spin-off of its venture capital arm, BT Brightstar.^[4]

In 2004, it acquired the majority of Abbey National's private equity portfolio. ^[5]

[edit] Investment Program

Coller Capital's latest fund, Coller International Partners V, closed in April 2007 with commitments from almost 200 international institutional investors. At $4.8 billion, it is currently the world's largest secondaries fund^[6], although its leading competitor, Lexington Partners is currently raising a new larger fund and the two firms have alternated the leadership position in recent years.

Coller acquires positions in venture capital, leveraged buyout and mezzanine capital funds, together with portfolios of companies or stakes in companies from institutions, corporates, government bodies and family offices.

Coller is a dedicated secondaries investor.

[edit] Competitors

Coller's principal competitor is Lexington Partners, although Coller also regularly competes against several large secondary investors that also have active fund of funds platforms (HarbourVest Partners, AlpInvest Partners, AXA Private Equity, Partners Group) and certain investment banks (Goldman Sachs, Credit Suisse, Lehman Brothers). To a lesser extent, Coller competes against mid-sized secondary firms (Landmark Partners, Pomona Capital, Newbury Partners, Paul Capital) focusing on more traditional purchases of private equity fund interests.