Latest news with #CollerCapital
Globe and Mail
7 days ago
- Business
- Globe and Mail
TPG Twin Brook Closes $3 Billion Continuation Vehicle, Led by Coller Capital
TPG Twin Brook Capital Partners ('TPG Twin Brook'), the middle-market direct lending platform of TPG Inc. (NASDAQ: TPG), and Coller Capital, the world's largest dedicated private market secondaries manager, today announced the closing of a $3 billion credit-focused continuation vehicle, marking the largest completed transaction of its kind to date in the private credit secondaries market. This press release features multimedia. View the full release here: The continuation vehicle was established to acquire a diversified portfolio of floating-rate, senior secured, sponsor-backed loans from TPG Twin Brook's 2016 and 2018 vintage funds. The vehicle supports long-term alignment between TPG Twin Brook and its LP base by providing existing investors with an attractive liquidity option, and offering new investors access to a diversified and high-quality pool of private credit assets alongside a long-tenured manager. It also reflects increasing institutional demand for credit secondaries, with transaction volume in the category accelerating as the broader private credit market continues to mature and expand. 'The successful close of our first continuation fund underscores the strength of our partnership with Coller Capital and our shared commitment to maximizing the value of high-performing assets while delivering creative liquidity solutions to our investors,' said Trevor Clark, Founder and Managing Partner of TPG Twin Brook. 'The strong support we received validates our flexible, solutions-based approach, and we look forward to continuing to manage these loans through the next phase of their lifecycle.' 'We're proud to back TPG Twin Brook in what is a milestone transaction for the private credit secondaries market,' said Michael Schad, Partner and Head of Coller Credit Secondaries at Coller Capita l. 'This is a high-quality, diversified portfolio managed by one of the most consistent credit platforms in the market, and we are pleased to support its continued success with long-term, strategic capital." 'This transaction demonstrates what can be achieved when strong portfolio fundamentals meet thoughtful structure and partnership,' adds Jonathan Leu, Principal at Coller Capital. 'We appreciated the opportunity to work closely with TPG Twin Brook to design a solution that delivered on multiple priorities: liquidity, alignment, and long-term capital." The transaction supports long-term alignment between TPG Twin Brook and its LP base while enabling continued active management of its highly diversified and performing portfolio of North American middle-market borrowers. Campbell Lutyens served as financial adviser on the transaction. Legal counsel for Coller Capital was provided by Debevoise & Plimpton LLP. Ropes & Gray LLP acted for TPG Twin Brook. Deutsche Bank provided financing for the transaction. About TPG TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. For more information, visit About Coller Capital Coller Capital is a global leader in the secondary market for private assets, renowned for being a pioneer and innovator in the asset class. Founded in 1990, Coller provides investment and liquidity solutions to private market investors worldwide and currently manages $40 billion in private equity, private credit, and other private market vehicles. With headquarters in London and offices across North America, Europe, and Asia-Pacific, our multinational team offers a truly global reach. Coller has exclusively focused on secondary investing since inception and today boasts one of the largest dedicated investment teams in the asset class. In July 2025, Coller Capital announced the final closing of Coller Credit Opportunities II ('CCO II'), bringing a record total of $6.8 billion raised for Coller's credit platform in its latest fundraising cycle. Coller's Private Wealth Secondaries Solutions (PWSS) business offers perpetual funds to eligible private wealth investors globally.
Business Wire
7 days ago
- Business
- Business Wire
TPG Twin Brook Closes $3 Billion Continuation Vehicle, Led by Coller Capital
CHICAGO & NEW YORK--(BUSINESS WIRE)--TPG Twin Brook Capital Partners ('TPG Twin Brook'), the middle-market direct lending platform of TPG Inc. (NASDAQ: TPG), and Coller Capital, the world's largest dedicated private market secondaries manager, today announced the closing of a $3 billion credit-focused continuation vehicle, marking the largest completed transaction of its kind to date in the private credit secondaries market. The continuation vehicle was established to acquire a diversified portfolio of floating-rate, senior secured, sponsor-backed loans from TPG Twin Brook's 2016 and 2018 vintage funds. The vehicle supports long-term alignment between TPG Twin Brook and its LP base by providing existing investors with an attractive liquidity option, and offering new investors access to a diversified and high-quality pool of private credit assets alongside a long-tenured manager. It also reflects increasing institutional demand for credit secondaries, with transaction volume in the category accelerating as the broader private credit market continues to mature and expand. 'The successful close of our first continuation fund underscores the strength of our partnership with Coller Capital and our shared commitment to maximizing the value of high-performing assets while delivering creative liquidity solutions to our investors,' said Trevor Clark, Founder and Managing Partner of TPG Twin Brook. 'The strong support we received validates our flexible, solutions-based approach, and we look forward to continuing to manage these loans through the next phase of their lifecycle.' 'We're proud to back TPG Twin Brook in what is a milestone transaction for the private credit secondaries market,' said Michael Schad, Partner and Head of Coller Credit Secondaries at Coller Capita l. 'This is a high-quality, diversified portfolio managed by one of the most consistent credit platforms in the market, and we are pleased to support its continued success with long-term, strategic capital." 'This transaction demonstrates what can be achieved when strong portfolio fundamentals meet thoughtful structure and partnership,' adds Jonathan Leu, Principal at Coller Capital. 'We appreciated the opportunity to work closely with TPG Twin Brook to design a solution that delivered on multiple priorities: liquidity, alignment, and long-term capital." The transaction supports long-term alignment between TPG Twin Brook and its LP base while enabling continued active management of its highly diversified and performing portfolio of North American middle-market borrowers. Campbell Lutyens served as financial adviser on the transaction. Legal counsel for Coller Capital was provided by Debevoise & Plimpton LLP. Ropes & Gray LLP acted for TPG Twin Brook. Deutsche Bank provided financing for the transaction. About TPG TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. For more information, visit About Coller Capital Coller Capital is a global leader in the secondary market for private assets, renowned for being a pioneer and innovator in the asset class. Founded in 1990, Coller provides investment and liquidity solutions to private market investors worldwide and currently manages $40 billion in private equity, private credit, and other private market vehicles. With headquarters in London and offices across North America, Europe, and Asia-Pacific, our multinational team offers a truly global reach. Coller has exclusively focused on secondary investing since inception and today boasts one of the largest dedicated investment teams in the asset class. In July 2025, Coller Capital announced the final closing of Coller Credit Opportunities II ('CCO II'), bringing a record total of $6.8 billion raised for Coller's credit platform in its latest fundraising cycle. Coller's Private Wealth Secondaries Solutions (PWSS) business offers perpetual funds to eligible private wealth investors globally. For more information, visit 1 Campbell Lutyens proprietary analysis of global secondary transaction data up to August, 2025.
Bloomberg
7 days ago
- Business
- Bloomberg
Coller Strikes Record $3 Billion Private-Credit Secondaries Deal
Coller Capital Ltd., a UK-based investor in the secondary market for private assets, closed a deal with middle-market direct lender TPG Twin Brook Capital Partners to establish a $3 billion continuation fund, according to a statement seen by Bloomberg News. The deal will transfer a portfolio of TPG Twin Brook loans from previous vintages into a new fund. It's the biggest such vehicle in private credit secondaries to date, according to the statement, and the first for TPG Twin Brook.
Wall Street Journal
08-07-2025
- Business
- Wall Street Journal
Coller Raises $6.8 Billion for Credit Secondary Deals
Coller Capital has wrapped up fundraising for one of the largest pools of capital dedicated to acquiring secondhand private-credit assets, a market that has boomed in recent years as more institutional investors face liquidity constraints. The London-based investment manager, one of the oldest dedicated secondary investment firms, collected $6.8 billion to acquire private-credit assets from fund investors, the firm said.
Axios
17-06-2025
- Business
- Axios
It's a bad time to launch first-time funds, but that isn't stopping investors
Conventional wisdom is that now is a terrible time for private market investors to launch first-time funds. But that isn't stopping a slew of folks from trying. The big picture: Limited partners are seeing a wave of general partners spinouts, and many expect that the trend will outpace industry consolidation, according to a recent Coller Capital survey. One major reason, they say, is that firms have done a lousy job nurturing homegrown talent. Coller's questionnaire didn't go a level deeper, but it's not too hard to read "tilted fund economics" in that response. Everyone inside a firm knows who brings in the home run deals, and if that rainmaker doesn't get compensated like one. By the numbers: 38% of LP respondents said they expect the number of new managers to increase over the next three to five years, compared to just 33% who say they expect it to decrease. The "increase" cohort was particularly strong among Asia-Pacific respondents (64%). Coller also found that 36% of LPs report the number of spinout funds within their portfolio has increased within the past few years, while only 3% said it's decreased. The majority said it's remained flat. Zoom out: Raising a first-time fund is never easy, and many believe the process has become even more challenging as LPs have sought to shrink their manager rosters — preferring to plug larger amounts into multi-strategy firms. Plus the VC/PE distribution drought that's reduced the amount of available LP capital. On the other hand, LPs also worry that too much mega-fund exposure won't allow them to beat industry benchmarks — which means many are willing to bet on a few emerging managers to provide alpha. What they're saying: "It's like the old phrase: people hate Congress but love their congressperson," a veteran LP tells me. "A lot of people are super risk averse (and liquidity crunched) right now, making emerging funds a challenge to raise, but known quantities de-risk the decision for those who are able to put out capital."
