Posted on 30 August 2021
Deal Announcement: Coller Capital and Ping An Overseas Holdings close world’s largest private credit secondaries transaction
Alter Domus has been selected by Coller Capital to provide fund administration and depositary services for its ground-breaking private credit secondaries transaction. The credit portfolio is managed by Ping An Overseas Holdings, and the transaction is the world’s largest for a credit portfolio valued at $680 million. The portfolio is comprised of four flagship credit funds managed by blue-chip North American and European managers.
Headquartered in London, Coller Capital is one of the largest and most experienced global investors in the private equity and credit secondary markets.
Tom Amy, Country Executive Guernsey at Alter Domus, said, “We are delighted to be working with the Coller team on this ground-breaking transaction. Our local teams in Guernsey, Luxembourg and Cork have worked closely with Coller and their professional advisers in connection with the associated investment and co-investment vehicles, investor closings and transaction process. We look forward to further building our relationship with the Coller team in the months and years to come.”
The transaction represents the start of a new credit-focused relationship between Alter Domus and Coller Capital, and this large secondaries transaction provides further evidence of the growth of the private credit sector.
“There was significant complexity and time pressure in achieving a successful closing of this investment,” said Stephen Thomas, Head of Finance at Coller Capital. “We look forward to continuing our close collaboration with the Alter Domus team.”