Private equity secondary manager Coller Capital has appointed Otto van der Wyck to the firm’s board. Van der Wyck joins Lionel Anthony and Stanley Prashker on the board, which is chaired by founder Jeremy Coller.
Until his departure in late 2001, van der Wyck was chief executive of BC Partners, the European private equity firm with E6bn under management, which he founded in 1986. Prior to founding BC Partners, he was with Citicorp Investment Bank in London where he established and was chairman of Citicorp Venture Capital (CVC).
Coller Capital chairman Jeremy Coller said the appointment would provide the firm’s board with further expertise. “He has built two great private equity groups and will bring a high degree of expertise and experience to the firm’s advisory board.”
The appointment comes at a time when many are forecasting a dramatic increase in secondary market transactions as private equity investors look to change their portfolio size and/or composition – something that Coller Capital is keen to play an active part in.
Coller Capital was founded in 1990 and currently has in excess of $1.7bn under management. Coller’s first large-scale acquisition, in mid-1998, was of the $265m private equity portfolio of the US-based Shell Pension Trust. Two years later, Coller Capital led and became the majority investor in the purchase of the former National Westminster Bank's $1bn portfolio of private equity interests, involving 292 companies, from the Royal Bank of Scotland. This transaction remains the largest secondary purchase of private equity portfolios in the world to date. More recently the firm acquired the private equity interests of the corporate venture arm of Lucent.