Coller Capital has closed its latest private credit secondaries fund, Coller Credit Opportunities II (CCO II), with $6.8bn in commitments, marking a new fundraising record in the growing asset class.

The fund will target senior direct lending and high-quality performing credit assets, focusing on both LP-led and GP-led secondaries. With this raise, Coller’s total commitments to credit secondaries now exceed $10.1bn.

“This record-setting fundraise reinforces Coller Capital’s status as the preeminent investor in private credit secondaries,” said Michael Schad, Partner and Head of Coller Credit Secondaries. “Our disciplined, credit-centric strategy and scale resonate strongly with global investors seeking defensive and diversified returns.”

The London- and New York-headquartered firm has seen $53bn in private credit secondaries opportunities since January 2024. According to CIO Jeremy Coller, the close of CCO II reflects growing institutional demand for private credit secondaries, particularly as funds mature and investors seek liquidity.

“Coller Credit Opportunities II is a milestone fundraise that reaffirms the evolution of the private credit secondaries market,” said Coller. “We are well positioned to serve investors seeking liquidity, portfolio management, and stable returns amid market volatility.”

Coller Capital has been a key player in credit secondaries since 2008. Notable transactions include the $1.6bn acquisition of a senior direct lending portfolio from American National, one of the largest LP-led credit secondaries transactions, and a $1.6bn continuation vehicle with Abry Partners in 2024.

CCO II follows Coller’s inaugural $1.4bn fund, which previously held the record for the largest private credit secondaries fund at the time.

The successful close further solidifies Coller’s position as a global leader in secondaries, with deep specialisation in credit across co-investments, SMAs, and perpetual capital strategies.

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