Coller Capital has told investors that it has held a first close on Coller International Partners VII (CIP VII), its latest global secondaries fund.
CIP VII has secured limited partner commitments worth $3.1 billion to date, investor sources told PEI's sister publication Secondaries Investor. The fund has a target of $5.5 billion, and a hard-cap has been set at $6.5 billion.
Investors in CIP VII include Louisiana State Employees' Retirement System, which approved a $75 million commitment to the fund in March, according to the minutes of the pension fund's investment committee meeting, and Taipei-based asset manager Fubon Financial , which committed $50 million to Coller International Partners VII Feeder Fund in June.
Louisiana Municipal Police Employees' Retirement System has also committed $15 million to the fund, Secondaries Investor previously reported .
Read the full article on Secondaries Investor.