State Street Investment Management has made a strategic minority investment in Coller Capital, one of the world’s largest private market secondaries managers. The partnership aims to broaden access to private capital secondaries and foster innovation across client segments.
The relationship will enable State Street Investment Management and its clients to tap into Coller’s deep expertise in private equity and private credit secondaries. With more than $5 trillion in assets under management across over 60 countries, State Street Investment Management views the collaboration as a key step in its strategy to expand into private markets through partnerships with established alternative asset managers.
Coller Capital, which manages over $46 billion in secondary assets across institutional closed-end and perpetual funds, brings a 35-year legacy of innovation and leadership in private market secondaries. The strategic investment will support Coller’s long-term growth objectives and expand access to secondaries to a broader range of global investors.
Industry data show that secondaries are becoming a growing part of institutional and individual asset allocation strategies, with over $160 billion transacted in 2024 and projections reaching nearly $500 billion by 2030. The market’s growth is driven by demand for diversification, liquidity, and differentiated investment opportunities.
The deal is a minority investment and will not affect Coller’s investment process or day-to-day operations. Proceeds from the investment will be reinvested into the firm to advance its business expansion.
Support: Goldman Sachs served as financial advisor to State Street Investment Management, with Sullivan & Cromwell and Ropes & Gray providing legal counsel. Morgan Stanley acted as financial advisor to Coller Capital, while Kirkland & Ellis served as its legal advisor.
KEY QUOTES:
“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. 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.”
Yie-Hsin Hung, Chief Executive Officer of State Street Investment Management
“We are delighted to welcome State Street Investment Management as a strategic partner and shareholder as we continue to execute our growth strategy. 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.”
Jeremy Coller, Chief Investment Officer and Managing Partner of Coller Capital
