Coller Capital, a New York-based secondaries-focused private equity firm, has raised $6.8 billion in its latest funding round for its private credit secondaries platform. 

The capital raised for the firm’s Coller Credit Opportunities II (CCO II) fund will be allocated across LP-led and GP-led secondary transactions, the firm said. During its first round of funding in 2022, the firm raised $1.4 billion for its Coller Credit Opportunities I (CCO I) fund. 

Coller Capital says it sees an increase in opportunities within the private credit secondaries market, as demand continues to grow from investors for “liquidity solutions, diversification, and sophisticated portfolio management tools.” 

Since last January, Coller Capital has documented an increase of $53 billion in secondary credit investment opportunities, while stating that more growth is expected to come as private credit funds mature. 

“Investors increasingly recognize the strategic importance of private credit secondaries in achieving defensive exposure, liquidity, and enhanced portfolio management amid heightened market volatility,” Jeremy Coller, CIO and managing partner of Coller Capital, said.

Coller Capital declined to comment to Connect Money on the specific amount of the capital that was raised for the Coller Credit Opportunities II (CCO II) fund.

Coller Capital started investing in credit secondaries in 2008, and the firm now has recorded $10.1 billion in assets. Since the firm’s inception, it has collectively managed about $40 billion across private equity, private credit, and other private market assets. 

Last August, Coller Capital closed a GP-led transaction for a $1.6 billion credit continuation vehicle with Abry Partners, a private equity and credit firm. The Abry Advanced Securities Fund III allows investors to seed Abry Partners’ new private credit strategy.