Coller Capital chooses Guernsey for new global fund

Posted: 25/01/2016

Guernsey firms Carey Olsen and Northern Trust have assisted Coller Capital, a global investor in private equity secondaries, on one of Guernsey’s largest fund launches of 2015 with the US$7.15bn final close of Coller International Partners VII (CIP VII).

Advised by a multinational team based in London, New York and Hong Kong, CIP VII will target a wide array of secondary transactions – targeting assets and sellers located anywhere in the world, and making individual investments ranging in size from $1 million to $1bn-plus.

CIP VII, which had a Limited Partner re-up rate of 82 per cent, has approximately 170 Limited Partners from 27 different countries. Pension plans account for some 62 per cent of the fund’s committed capital; sovereign wealth funds/government entities for 15 per cent; and insurance companies for 11 per cent; with the remaining commitments coming from endowments and foundations, family offices and other types of asset manager.

The Carey Olsen team was led by Partner David Crosland and included Gemma Campbell, Chris Hutley-Hurst, Alexandria du Jardin and Asim Arshad.

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."

Northern Trust, which has a longstanding relationship with Coller, has been appointed to provide fund administration, banking and depositary services for the new fund.

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