Coller collects $7.15bn for seventh fund

The majority of the fund was raised in six months, though it was launched in February 2015. CIP VII held a first close on $3.1bn in July 2015. The vehicle was oversubscribed, with a hard-cap of $6.5bn. The additional $650m was committed by the GP.

Coller did not use a placement agent for the fund, while Simpson Thatcher acted as legal counsel.

The fund is larger than its predecessor, Coller International Partners VI, which closed on $5.5bn in July 2012 after 17 months on the road.

Investors
The newly raised vehicle collected commitments from 170 investors, hailing from 27 different countries. The fund attracted a re-up rate of 82%.

Pension plans accounted for 62% of the fund and sovereign wealth funds and government entities made up 15%. Insurance companies contributed 11%, while the remainder was supplied by endowments, foundations, family offices and other types of asset managers.

Investments
Following on from its predecessor funds, CIP VII will invest in secondary transactions, targeting global sellers. Investments will range from $1m to more than $1bn.

The fund has already invested around $1bn.

People
Jeremy Coller is chief investment officer at Coller.

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• Topics
• Funds
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• Coller Capital