NJSIC Commits to Coller Capital as Firm Sets $10B Goal for Secondaries Fund

Coller Capital, a New York-based secondaries-focused private equity firm, has set a $10 billion goal and a hard cap of $12.5 billion for its latest flagship fund. The cap information was obtained from investor filings from the New Jersey State Investment Council (NJSIC). NJSIC has agreed to invest $150 million in the fund and an additional $50 million in a related co-investment vehicle.

Coller had already invested close to $3 billon from Fund IX as of last month according to Secondaries Investor, which cited investor documents it had seen from the MWRA Employees’ Retirement System

They include a $359 million commitment to a Permira continuation fund, which has acquired assets from two of its previous flagship investment vehicles, and a $295 million promise to purchase 16 LP holdings in private equity funds from an Asian bank, according to the report.

Coller raised more than $9 billion for its eighth flagship investment vehicle in 2021, substantially outpacing the firm’s previous record of $7.15 billion in 2015. Fund IX is eyeing up to 55 investments of up to $220 millio each.

Coller launched its inaugural fund last month open to qualifying private wealth investors outside the U.S. The announcement came shortly after the firm revealed that it has expanded its Private Wealth Secondaries Solutions division with a new office in Zurich overseen by new hire Boris Maeder, a former senior executive at UBS Wealth Management.