State Street Investment Management Makes a Minority Strategic Investment in Coller Capital (Coller), a Firm Specializing in Private Equity Secondaries Markets. In Addition, Both Firms Have Also Agreed to Collaborate Across a Variety of Client Segments to Drive Innovation and Expand Each Other’s Reach.
As they explain, with this transaction, State Street Investment Management and its clients will benefit from access to Coller‘s extensive capabilities in private equity and private credit secondaries markets. This relationship reinforces State Street Investment Management’s strategy to expand into private markets through partnerships with leading alternative asset managers.
Currently, State Street Investment Management manages over $5 trillion in assets for clients in more than 60 countries around the world. For its part, Coller has 35 years of leadership and innovation in private secondaries markets and currently manages more than $46 billion in secondary assets through its closed institutional funds and its open-ended perpetual funds available to professional and qualified individual investors. The investment and strategic relationship will support Coller’s long-term growth strategy by broadening access to secondary markets for a wider range of investors and geographies.
“Across the industry, institutional investors and the individual clients they serve need diversification and differentiated investment options, and secondary and private markets represent a significant and growing opportunity. This investment and strategic relationship—which brings our clients the leading secondaries capabilities Coller has developed—exemplifies our broader commitment to delivering innovative solutions and better outcomes for our clients,” said Yie-Hsin Hung, Chief Executive Officer of State Street Investment Management.
Meanwhile, Jeremy Coller, Chief Investment Officer and Managing Partner of Coller Capital, added: “We are pleased 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 a trusted institution for all types of investors globally. We are excited to work together to broaden access to the secondaries market, helping those investors harness its potential to diversify portfolios and generate long-term returns.”
The asset manager notes that investors are increasingly viewing secondaries as a strategic component of asset allocation, as they offer unique risk-return and liquidity characteristics. In 2024, more than $160 billion in secondary market transactions were completed, representing a 16% compound annual growth rate (CAGR) over the past decade, and that volume is expected to reach nearly $500 billion by 2030.
