29 April 2021

Carey Olsen and Northern Trust support Coller Capital on US$9 billion fund launch

Carey Olsen's investment funds team in Guernsey, together with Northern Trust, have supported Coller Capital, one of the world's leading investors in private equity's secondary market, on the launch and US$9 billion final close of Coller International Partners VIII (CIP VIII).

Like Coller Capital's predecessor funds, CIP VIII will focus on providing liquidity solutions to private equity investors worldwide, acquiring interests in private equity funds, portfolios of private companies, and other private equity-related assets.

Investor support for CIP VIII came from over 200 of the world's leading institutional investors.

The Carey Olsen team advising Coller Capital on all Guernsey aspects of the fund's establishment, launch and closing was led by partner David Crosland and included counsel Andrew Tually and associate Felicity Wai.

David said: "It was great to once again work with Coller Capital on its latest secondary market-focused fund launch. To raise US$9 billion in the current climate is a fantastic achievement and one that speaks volumes for its leading position and respected track record within the global private equity space."

Northern Trust, which has a long-standing relationship with Coller Capital, has been appointed to provide fund administration, banking and depositary services for the new fund from its Guernsey office.

Dave Sauvarin, country head, Channel Islands, Northern Trust, said: "We are delighted to support this significant launch which extends our 25 year relationship with Coller Capital. Our teams have worked collaboratively with Coller Capital to design a highly efficient and robust end-to-end asset servicing solution to meet the fund's sophisticated requirements. The launch also reinforces Guernsey's stature as a leading investment centre for alternative investment funds, particularly in the private equity space."