{"id":6041,"date":"2007-04-10T00:00:00","date_gmt":"2007-04-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ogier-advises-on-the-worlds-largest-ever-secondaries-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2007\/ogier-advises-on-the-worlds-largest-ever-secondaries-fund.html","title":{"rendered":"Ogier Advises on the World\u00e2\u20ac\u2122s Largest Ever Secondaries Fund"},"content":{"rendered":"<p class=\"MsoNormal\">  <span>HedgeCo.net &#8211; Ogier, a leading<\/span> <span>Guernsey<\/span> <span>law firm, has advised on the establishment of another notable funds transaction.&nbsp; Roger Le Tissier, along with Bryon  Rees and Rabie Abas, acted as<\/span> <span>Guernsey<\/span> <span>legal advisers to Coller Investment Management Limited, the leading global investor in private equity secondaries, on the final  closing of Coller International Partners V (CIP V). With investor commitments of $4.5 billion, it is the largest secondaries fund ever established. CIP V is already one quarter invested.<\/span><\/p>\n<p class=\"MsoNormal\">  <span>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\">  <span>CIP V was originally capped at $3.75 billion, but, following investor interest of $5.6 billion, the partnership agreed to raise the cap to $4.5 billion.<\/span><\/p>\n<p class=\"MsoNormal\">  <span>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\">  <span>Like its four predecessor funds, which were also advised on by Ogier, CIP V has been formed to invest in portfolios of private equity assets \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u0153 interests in established private equity funds  and privately held companies \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u0153 providing liquidity to the original investors in these assets. CIP V has a broad remit: the fund provides liquidity to private equity investors anywhere in the world,  invests in assets located all round the world, and makes investments ranging in size from $1 million to $1 billion or more. Around 41% of the fund\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s committed capital comes from<\/span> <span>North  America<\/span><span>, 34% from<\/span> <span>Europe<\/span><span>, and 25% from<\/span> <span>Asia<\/span> <span>and the<\/span> <span>Middle East<\/span><span>.<\/span><\/p>\n<p class=\"MsoNormal\">  <span>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\">  <strong><span>Jeremy Coller, Coller Capital\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s chief executive officer, commented:<\/span><\/strong><\/p>\n<p class=\"MsoNormal\">  <span>\u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cThe record size of CIP V is a testament to the value of the secondaries market as a whole. By providing liquidity to a previously illiquid asset class, secondaries have significantly  increased private equity\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s attractiveness to institutional investors.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/span><\/p>\n<p class=\"MsoNormal\">  &nbsp;<\/p>\n<p class=\"MsoNormal\">  <strong><span>Roger Le Tissier, Partner of Ogier, said<\/span><\/strong><\/p>\n<p class=\"MsoNormal\">  <span>\u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cThe setting-up of this new fund is an important milestone in the secondaries market as it is designed to fulfil the more complex needs of investors.&nbsp; We are delighted that<\/span>  <span>Guernsey<\/span> <span>was involved in this record-breaking transaction and that Ogier were the legal advisers of choice in establishing the structure.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.net &#8211; Ogier, a leading Guernsey law firm, has advised on the establishment of another notable funds transaction.&nbsp; Roger Le Tissier, along with Bryon Rees and Rabie Abas, acted as Guernsey legal advisers to Coller Investment Management Limited, the leading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6041","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6041"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6041\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}