Coller Capital, a leading UK-based secondaries specialist, has successfully raised a staggering $17 billion for its global private equity secondaries platform, marking a significant milestone in the alternative investment space.
This fundraising cycle includes $12.5 billion for its ninth flagship fund, Coller International Partners IX (CIP IX), which hit its hard cap and focuses on both LP-led and GP-led secondary transactions.
The Rise of Secondaries in Global Finance
The achievement underscores the growing investor appetite for secondaries, a niche but rapidly expanding segment of private equity that allows investors to buy and sell pre-existing stakes in private funds.
Founded by Jeremy Coller, the firm has been a pioneer in this space for over three decades, shaping how liquidity is provided to limited partners (LPs) and general partners (GPs) in an often illiquid market.
Historical Context and Market Impact
Since its inception, Coller Capital has managed over $50 billion in assets, establishing itself as a dominant player in the secondaries market with a focus on high-quality portfolios.
The latest fundraising success reflects broader market trends, as transaction volumes in the secondaries space surged in 2025, with predictions from Jeremy Coller himself suggesting deal volumes could reach $500 billion by 2030.
Strategic Deployment and Investor Confidence
With 70% of CIP IX’s capital already deployed since its launch in 2022, Coller Capital demonstrates a proactive approach to capital allocation, targeting opportunities in a competitive landscape.
The fundraising also included commitments to evergreen vehicles and separate accounts, showcasing the firm’s ability to cater to diverse investor needs across the globe.
Future Outlook for Secondaries
Looking ahead to 2026 and beyond, the secondaries market is poised for further growth as LPs increasingly seek liquidity solutions amid economic uncertainties and shifting investment priorities.
Coller Capital’s innovative strategies, including recent moves into private credit secondaries in markets like Australia, highlight its adaptability and vision for capturing emerging opportunities.
As the industry evolves, questions remain about the scalability of such large funds and whether visionary founders like Jeremy Coller can transition leadership while maintaining the firm’s competitive edge.
Nevertheless, this $17 billion raise cements Coller Capital’s position as a market leader, setting the stage for transformative impacts on private equity liquidity worldwide.
Alfred Lee
