London, April 17, 2025 – Coller Capital, the world’s largest dedicated private market secondaries manager, today announces that it has partnered with Barings Portfolio Finance and Ares Management Alternative Credit funds (“Ares”) to raise a $2.4 billion structured funding vehicle for Coller funds to invest in private market secondaries.
This innovative solution marks the largest-ever structured funding vehicle of its kind in the secondary market to invest in both private equity and private credit secondaries. This transaction was led by Coller’s Structured Solutions team and builds on the firm’s track record of capital raising through innovative structured solutions, the fifth such issuance since 2020.
Barings Portfolio Finance acted as the Lead lender for the transaction with Coller Capital and Ares providing the credit enhancement. Citi acted as agent on the transaction. KBRA provided a rating for the debt. Debevoise and Plimpton LLP served as legal counsel for Coller. Proskauer Rose LLP served as legal counsel for Ares. Cadwalader, Wickersham & Taft LLP served as counsel for Barings and Citi.
Remy Kawkabani, Deputy Managing Partner and Head of Capital Formation, Coller Capital, commented: “We are delighted to partner with Barings and Ares on this bespoke structured solution to invest in private market secondaries. Coller brings a 35-year track record of innovative firsts in private markets and we are pleased to lead on the largest-ever structured funding vehicle of its kind for private market secondaries.”
Ian Wiese, Managing Director, Barings Portfolio Finance, commented: “Coller and Barings have a long-standing relationship, and we are pleased to partner to develop an attractive investment grade solution that appeals to institutional investors. As this market continues to innovate, we believe, together with Coller, we will remain at the forefront of creating solutions and look forward to what lies ahead.”
Richard Sehayek, Managing Director, Co-Head of Europe for Ares Alternative Credit, commented: “We are excited to be able to support the Coller team during this dynamic period in global markets. This transaction underscores Ares’ ability to deliver creative, flexible capital solutions that provide important liquidity to market participants, and we look forward to the growing opportunities ahead.”
