Coller completes GP-stake sale

Hunter Point Capital (HPC) has made a strategic minority investment in secondaries house Coller Capital.

The investment is earmarked for supporting Coller’s long-term growth. Coller has recently expanded into the debt market with its Credit Secondaries business, into China through its RMB fund, and has expanded its reach into the private wealth market.

Following the transaction, there will be no change in governance, the investment process or day-to-day management of Coller. All proceeds from the transaction will be reinvested into Coller funds.

Jeremy Coller, managing partner and chief investment officer, said: “We are delighted to welcome HPC as a shareholder as we continue to innovate in the secondaries market. We look forward to collaborating with Bennett Goodman, Avi Kalichstein and the entire HPC team.”

Avi Kalichstein, co-founder and CEO of HPC, added: “Coller is a pioneer in the secondaries business, a dynamic and growing asset class. Building on that heritage, Jeremy and the talented team at Coller remain committed to innovation and the delivery of market-leading returns to their investors. We are proud to support their continued growth.”

Morgan Stanley and Evercore served as joint financial advisers. Kirkland & Ellis served as legal counsel to Coller. Fried, Frank, Harris, Shriver & Jacobson served as legal counsel to HPC.

GP-stake sales are growing in popularity across Europe. The Drawdown explored the trend at a recent roundtable discussion. Click here to read the key takeaways.