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.

Contents

Notable deals

  • 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]

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.

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.

References

  1. ^ British Venture Capital Association - Collier Capital
  2. ^ Wootliff, Benjamin (20 May 2000). "RBS unlocks £.5bn from NatWest funds", Daily Telegraph. Retrieved on 27 April 2008. 
  3. ^ Davison, Chris (06/02/2002). "Sale of the century?", AltAssets. Retrieved on 27 April 2008. 
  4. ^ "Coller Capital finances $100m spin-out of BT incubator Brightstar", AltAssets (04/02/2003). Retrieved on 27 April 2008. 
  5. ^ "UK Abbey National sells private equity portfolio to Coller Capital for £300m", AltAssets (12/01/2004). Retrieved on 27 April 2008. 
  6. ^ Coller Capital said to have raised record $4.5 bln

External links


This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License.


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