– Coller Capital, the world’s largest private market secondaries manager, announced the final close of Coller Credit Opportunities II (CCO II) with $6.8 billion raised.
– This sets a record total for Coller’s credit platform, which includes commingled funds, co-investments, SMAs, and perpetual credit funds.
– The raise follows Coller’s $1.4 billion first credit fund (CCO I), previously the largest private credit secondaries fund.
– CCO II targets senior direct lending and high-quality performing credit across LP-led and GP-led deals.
– The fund aims to offer strong risk-adjusted returns and resilient performance through cycles with diversified credit exposure.
– The private credit secondaries market is expanding rapidly, driven by investor demand for liquidity, diversification, and portfolio management tools.
– Since January 2024, Coller Capital has reviewed $53 billion in secondary credit opportunities, with continued growth expected.
– Michael Schad, Partner and Head of Coller Credit Secondaries, emphasized Coller’s disciplined strategy and ability to execute complex deals at scale.
– Jeremy Coller, CIO and Managing Partner, called CCO II a milestone fundraise, reinforcing the maturity and strategic role of credit secondaries.
– The fund’s success highlights the expertise of Coller’s global team, particularly credit leaders Michael Schad, Edward Goldstein, and Martins Marnauza, who’ve worked together for 14+ years.
– Coller Capital has been active in credit secondaries since 2008, now with $10.1 billion committed to the space.
– Recent landmark deals:
▪️$1.6 billion senior direct lending portfolio acquisition from American National. One of the largest LP-led credit secondaries.
▪️Creation of the largest credit continuation vehicle in 2024 — a $1.6 billion Abry Partners portfolio underwritten by Coller.
