Coller Capital wraps up seventh PE secondaries fund at $7.15 bln

UK-based Coller Capital has closed its seventh private equity secondaries’ fund at $7.15 billion.

Coller International Partners VII will focus on secondary deals and make individual investments between $1 million and over $1 billion.

CIP VII has about 170 limited partners, which include pension plans, sovereign wealth funds, insurance companies, endowments and family offices.

Coller’s previous fund raised $5.5 billion in 2012, generating an average IRR of 23.44 percent and average multiple of 1.46x, as of June 30, 2015, according to data provider Bison.

Photo of stacks of money courtesy of Shutterstock.