State Street Investment Management and Coller Capital (Coller) have announced that State Street Investment Management has made a strategic minority investment in Coller, one of the world’s largest dedicated private market secondaries managers.
The firms have also agreed to collaborate across a variety of client segments to drive innovation and broaden each firm’s reach.
State Street Investment Management and its clients will benefit from access to Coller’s extensive capabilities in private equity and private credit secondaries, the firm says. State Street Investment Management currently manages more than USD5 trillion in assets for clients in more than 60 countries around the world. This relationship advances State Street Investment Management’s strategy to expand into private markets by partnering with leading alternative asset managers, the firm says.
Coller brings a 35-year history of leadership and innovation in private market secondaries and currently manages more than USD46 billion of secondaries assets across its institutional closed-end funds and its perpetual funds open to professional and qualified individual investors. The investment and strategic relationship will support Coller’s long-term growth strategy, expanding access to secondaries to a broader range of investors and markets.
“Across the industry, institutional investors and the individual clients they serve need diversification and differentiated investment options, and secondaries and private markets represent an important and growing opportunity,” says Yie-Hsin Hung, chief executive officer of State Street Investment Management. “This investment and strategic relationship – bringing to our clients the leading secondaries capabilities that Coller has pioneered – exemplifies our broader commitment to clients to provide innovative solutions and better outcomes.”
“We are delighted to welcome State Street Investment Management as a strategic partner and shareholder as we continue to execute our growth strategy,” says Jeremy Coller, chief investment officer and managing partner of Coller Capital. “State Street Investment Management is trusted by investors of all kinds around the world. We’re excited to be working together to broaden access to the secondaries market, helping those investors unlock its potential for portfolio diversification and long-term returns.”
Investors increasingly view secondaries as a strategic component of asset allocation, offering unique risk-return and liquidity characteristics. In 2024, more than USD160 billion was transacted in secondaries, representing a CAGR of 16 per cent over the last decade, and that volume is predicted to expand to nearly USD500 billion by 2030.
This is a strategic minority investment by State Street Investment Management that will not change the investment process or day-to-day management of Coller Capital. The proceeds from the transaction will be reinvested into the Coller business.
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