Coller Capital Closes $6.8 Billion for Record-Breaking Credit Secondaries Fund
11 JUL, 2025
By Jose Luis Palmer from RankiaPro Europe
Coller Capital has announced the final close of its latest credit secondaries fund, Coller Credit Opportunities II (CCO II), raising $6.8 billion—a record for its credit platform. The close underscores the firm's leading role in a growing segment of the private markets.
The new fund follows CCO I, a $1.4 billion vehicle that previously held the title of the largest private credit secondaries fund at the time. With this latest raise, Coller Capital has now committed $10.1 billion to credit secondaries since entering the space.
Focus on Performing Credit and Secondary Transactions
CCO II targets senior direct lending and performing credit investments, deploying capital across both LP-led and GP-led secondary transactions. The strategy is designed to offer investors exposure to stable, income-generating assets with a strong risk-return profile.
The market for private credit secondaries has seen a surge in activity, driven by demand for liquidity and improved portfolio management. Since January 2024, Coller has reviewed $53 billion in credit secondary opportunities, a figure it expects to grow as the asset class matures.
This record-setting fundraise reinforces Coller Capital’s status as the preeminent investor in private credit secondaries. Our disciplined, credit-centric investment strategy, combined with our ability to execute complex transactions at scale, continues to resonate with global investors seeking defensive, diversified strategies.
Michael Schad, Partner and Head of Coller Credit Secondaries
Expansion of Market Leadership and Track Record
Coller Capital continues to build on its early entry into the market, having begun investing in credit secondaries in 2008. Notable recent deals include the $1.6 billion acquisition of a senior direct lending portfolio from American National—one of the largest LP-led credit secondaries transactions to date—and the creation of a $1.6 billion credit continuation vehicle managed by Abry Partners in 2024.
Coller Credit Opportunities II is a milestone fundraise that reaffirms the significant evolution and maturation of the private credit secondaries market. Investors increasingly recognize the strategic importance of private credit secondaries in achieving defensive exposure, liquidity, and enhanced portfolio management amid heightened market volatility.
The success of this fundraise is a testament to the quality of Coller’s entire global team and the trust our partners place in us, as well as the track record of our credit leaders Michael Schad, Ed Goldstein, and Martins Marnauza who have been investing together for more than 14 years.
Jeremy Coller, Chief Investment Officer and Managing Partner
