Coller Capital expands private wealth business in Canada
Private markets secondaries investor Coller Capital has opened a new office in Canada and appointed Daniel Cohen to lead its private wealth distribution in the country.
Cohen (pictured) will be based in Montreal, working closely with Coller Capital’s London and New York teams to focus on serving private wealth and institutional investors across Canada.
He previously held the role of head of investor relations at Fiera Comox Partners and began his career as a corporate lawyer at Stikeman Elliott, where he practiced in M&A, securities and corporate law, with a focus on cross border private equity transactions.
Read more: Coller Capital and Abry Partners close $1.6bn credit vehicle
Coller Capital has already raised more than $130m (£98.8m) from wealth clients through a Canadian mutual fund administered by iCapital, which provides access to the Coller International Secondaries Private Equity Fund, dubbed CollerEquity.
The Canadian expansion comes as Coller Capital looks to expand its private wealth secondaries solutions business globally. Earlier this year, Coller Capital opened hubs in Zurich and Melbourne.
“While Canadian institutions have been among the most sophisticated private markets investors globally, private wealth portfolios in this country still largely focus on traditional asset classes,” said Cohen.
Read more: Coller Capital appoints wealth distribution head for DACH region
“Secondaries are an ideal foundational building block for private markets portfolios given their broad diversification, lesser volatility of returns and enhanced liquidity. Coller Capital’s 30+ year track record in secondaries and our unique experience in wealth management makes us the partner of choice for private wealth clients. I am excited to develop Coller Capital’s private wealth business in Canada, and to support our investors in achieving their goals.”
Coller Capital has $33bn of assets under management, acquiring interests in private equity, private credit, and other private markets assets.
Read more: Private credit secondaries become more popular, paving way for GP-led deals
