Coller Capital, a private market secondaries manager, has launched the Coller Private Credit Secondaries fund (CollerCredit), opening the offering to private wealth investors outside the US.
The fund, domiciled in Luxembourg, will be seeded with $250m from investors. It follows the launch of CollerEquity, which was opened to private wealth investors after regulatory approval in June.
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Jake Elmhirst, partner and head of private wealth secondaries solutions, said: “CollerCredit is in the vanguard of private credit secondaries funds for wealth investors, and will provide institutional-grade access to enhanced diversification, attractive valuations and risk-adjusted returns. Private credit secondaries are a flourishing, fast-growing segment of the market and we are pleased that this fund will provide private wealth investors with the best-in-class investment opportunities available in this space.”
Coller Capital was established in 1990, with a focus on the secondary market, ranging private equity, private credit, and other private markets. It holds over $35bn assets under management.
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Boris Maeder, managing director and head of international private wealth distribution, said: “As private wealth investors continue to add fixed-income alternatives to their portfolios, private credit plays an increasingly important role. The strong growth of the private credit market over the past decade provides a large opportunity set for credit secondaries.
“Since 2007, Coller has been a pioneer in the credit space, which, coupled with our team’s wealth management experience, allows us to structure investment opportunities like CollerCredit that meet the risk-return requirements of private wealth investors.”
