of Coller Capital.
Jones joined Coller Capital in 2000 from ScotiaBank. For several years, he has been the most senior partner in the firm behind Coller himself, playing leading roles in the investment process, investor relations and fundraising.
According to a source, the firm has told investors that the appointment was the next step of its institutionalisation, at a time when changing industry dynamics had created a need to broaden the management structure. Limited partners have also been told that Jeremy Coller’s full-time involvement in the firm would remain unchanged.
Tim has been deeply involved with Coller Capital’s core business for well over a decade. Appointing him CEO was a natural step.
A Coller Capital spokesperson
An early adopter of the secondary investment strategy in private equity, Coller Capital closed its sixth fund on $5.5 billion in 2012. The fund is understood to be over a third invested at this point.
Last August the firm beat out competition from rival secondary investors and sovereign wealth funds to acquire a large portfolio of partnership stakes from Lloyds Banking Group. The deal, at £1.03 billion (€1.32 billion; $1.62 billion), represented one of the largest secondary deals on record.