Private market secondaries manager Coller Capital has announced the final close of Coller Credit Opportunities II (CCO II), with a record total of $6.8bn (£5bn) raised for Coller’s credit platform in its latest fundraising cycle.
Coller’s credit platform includes commingled funds, co-investment vehicles, separately managed accounts, and its credit-focused perpetual funds.
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The successful capital raise follows the firm’s $1.4bn first credit fund, CCO I, which was the largest private credit secondaries fund at the time.
CCO II targets senior direct lending and high-quality performing credit investments across LP-led and GP-led opportunities, and seeks to deliver strong risk-adjusted returns and stable, resilient performance through market cycles by providing investors diversified exposure to premium credit assets.
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Coller Capital said it has seen $53bn of secondary credit investment opportunities since January 2024 alone, with substantial growth anticipated as more private credit funds mature.
“This record-setting fundraise reinforces Coller Capital’s status as the preeminent investor in private credit secondaries”, said Michael Schad (pictured), head of Coller Credit Secondaries.
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“With increased market participation and liquidity demand, we anticipate continued strong activity in LP-led and GP-led transactions throughout 2025 and beyond.”