Non-public markets secondaries investor Coller Capital has opened a brand new workplace in Canada and appointed Daniel Cohen to steer its personal wealth distribution within the nation.
Cohen (pictured) might be based mostly in Montreal, working carefully with Coller Capital’s London and New York groups to concentrate on serving personal wealth and institutional buyers throughout Canada.
He beforehand held the function of head of investor relations at Fiera Comox Companions and started his profession as a company lawyer at Stikeman Elliott, the place he practiced in M&A, securities and company legislation, with a concentrate on cross border personal fairness transactions.
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Coller Capital has already raised greater than $130m (£98.8m) from wealth purchasers via a Canadian mutual fund administered by iCapital, which supplies entry to the Coller Worldwide Secondaries Non-public Fairness Fund, dubbed CollerEquity.
The Canadian growth comes as Coller Capital appears to be like to broaden its personal wealth secondaries options enterprise globally. Earlier this 12 months, Coller Capital opened hubs in Zurich and Melbourne.
“Whereas Canadian establishments have been among the many most subtle personal markets buyers globally, personal wealth portfolios on this nation nonetheless largely concentrate on conventional asset courses,” mentioned Cohen.
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“Secondaries are a really perfect foundational constructing block for personal markets portfolios given their broad diversification, lesser volatility of returns and enhanced liquidity. Coller Capital’s 30+ 12 months monitor report in secondaries and our distinctive expertise in wealth administration makes us the companion of selection for personal wealth purchasers. I’m excited to develop Coller Capital’s personal wealth enterprise in Canada, and to help our buyers in attaining their targets.”
Coller Capital has $33bn of property beneath administration, buying pursuits in personal fairness, personal credit score, and different personal markets property.
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