Coller Capital Partners with Barings and Ares on $2.4B Structured Funding
Funding | Apr 17, 2025 | Coller Capital Ltd.
Coller Capital, recognized as the world's largest dedicated private market secondaries manager, has collaborated with Barings Portfolio Finance and Ares Management's Alternative Credit funds to create a $2.4 billion structured funding vehicle aimed at investing in private market secondaries. This deal marks the most extensive structured funding vehicle of its nature, set to target both private equity and private credit secondaries. Coller's move continues its series of innovative structured solutions, adding to a record of capital raising initiatives since 2020. Barings acted as the lead lender, with Coller and Ares enriching the credit profile. Underpinning this complex transaction were key roles played by Citi as an agent, KBRA as a debt rater, and several law firms providing legal counsel. The leaders from Coller, Barings, and Ares emphasized the strategic importance of this partnership in delivering innovative financing solutions amid evolving market dynamics.
Sectors
- Private Equity
- Credit Markets
- Financial Services
- Legal Services
Geography
- United Kingdom – Coller Capital is based in London, which is central to the transaction's announcement and operations.
- United States – Ares Management and the legal firms involved are based in the US, reflecting the transaction's transatlantic nature.
Industry
- Private Equity – The transaction involves investments in private equity and highlights Coller Capital's role as a leader in secondary market investments.
- Credit Markets – The funding vehicle is also aimed at private credit secondaries, involving partners like Barings and Ares, which specialize in credit markets.
- Financial Services – Citi's role as an agent and KBRA's rating services reflect the involvement of financial service institutions in structuring and supporting the funding vehicle.
- Legal Services – Multiple law firms played crucial roles in advising on the legal aspects of the transaction.
Financials
- $2.4 billion – The total amount raised for the structured funding vehicle.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Coller Capital | Private Market Secondaries Manager | Company | A leading firm specialized in private market secondaries known for pioneering structured funding solutions. |
| Barings Portfolio Finance | Lead Lender | Company | A financial institution providing lending services and partnering in structured financing solutions. |
| Ares Management Alternative Credit | Credit Enhancement | Company | Provides flexible capital solutions, supporting private market secondary investments. |
| Citi | Agent | Company | A multinational financial services institution serving as agent for the transaction. |
| KBRA | Debt Rater | Company | A ratings agency providing assessments of creditworthiness for structured debt instruments. |
| Debevoise & Plimpton LLP | Legal Counsel for Coller | Company | A major law firm providing legal advisory services for Coller Capital. |
| Proskauer Rose LLP | Legal Counsel for Ares | Company | A prominent law firm engaged in providing legal services for Ares. |
| Cadwalader, Wickersham & Taft LLP | Legal Counsel for Barings and Citi | Company | A leading law firm advising Barings and Citi on the legal aspects of the funding vehicle. |