Final close for Coller Credit Opportunities II reflects rapid market development. 

Specialist secondaries manager Coller Capital has hit a record $6.8 billion final close forColler Credit Opportunities II (CCO II) – almost five times larger than the first fund in the series and a new record, according to the firm. CCO I closed at $1.4 billion, which was then the largest private credit secondaries fund.

London-based Coller’s Guernsey-registered credit platform includes commingled funds, co-investment vehicles, separately managed accounts, and its credit-focused perpetual funds.

The private credit secondaries market has grown substantially, which the firm said is driven by increasing investor demand for liquidity solutions, diversification and sophisticated portfolio management tools.

Jeremy Coller, CIO and managing partner of Coller Capital, said: “Coller Credit Opportunities II is a milestone fundraise that reaffirms the significant evolution and maturation of the private credit secondaries market.

“Investors increasingly recognise the strategic importance of private credit secondaries in achieving defensive exposure, liquidity, and enhanced portfolio management amid heightened market volatility.”

The firm has reviewed $53 billion of secondary credit investment opportunities since January 2024 and predicted substantial growth as more private credit funds mature.

CCO II targets senior direct lending and high-quality performing credit investments across LP-led and GP-led opportunities. It aims to deliver resilient performance through market cycles by providing investors diversified exposure to premium credit assets.

Michael Schad, partner and head of Coller Credit Secondaries, added: “This record-setting fundraise reinforces Coller Capital’s status as the preeminent investor in private credit secondaries… With increased market participation and liquidity demand, we anticipate continued strong activity in LP-led and GP-led transactions throughout 2025 and beyond.”