Coller Capital, a private equities secondaries specialist, has closed the launch of its Coller International Partners VII fund after raising $7.15bn.
The Guernsey based fund will be advised by a multinational team based in London, New York and Hong Kong, targeting a range of private equity secondary transactions, and seeking out assets globally across a value spectrum of individual investments from $1m to $1bn-plus.
The CIP VII fund has about 170 limited partners from 27 contries, with pension plans accounting for smoe 62% of committed capital, Coller said. Soverign wealth funds and other government entities account for some 15% of committed capital, with a further 11% from insurance companies.
Northern Trust is providing the fund administration, banking and depositary services for the fund. Carey Olsen, the offshore law firm also assisted in the launch of the fund.
Carey Olsen partners David Crosland said: “Coller have a longstanding relationship with Guernsey but have historically chosen to domicile their fund vehicles elsewhere. It is testament to Guernsey’s growing international profile and attractiveness to a global investor base that they chose Guernsey for their latest and largest fund.”