Personal markets secondaries investor Coller Capital has opened a brand new workplace in Canada and appointed Daniel Cohen to steer its non-public wealth distribution within the nation.
Cohen (pictured) will probably be based mostly in Montreal, working carefully with Coller Capital’s London and New York groups to concentrate on serving non-public wealth and institutional traders throughout Canada.
He beforehand held the function of head of investor relations at Fiera Comox Companions and commenced his profession as a company lawyer at Stikeman Elliott, the place he practiced in M&A, securities and company regulation, with a concentrate on cross border non-public fairness transactions.
Learn extra: Coller Capital and Abry Companions shut $1.6bn credit score automobile
Coller Capital has already raised greater than $130m (£98.8m) from wealth shoppers via a Canadian mutual fund administered by iCapital, which supplies entry to the Coller Worldwide Secondaries Personal Fairness Fund, dubbed CollerEquity.
The Canadian growth comes as Coller Capital seems to be to develop its non-public 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 refined non-public markets traders globally, non-public wealth portfolios on this nation nonetheless largely concentrate on conventional asset lessons,” mentioned Cohen.
Learn extra: Coller Capital appoints wealth distribution head for DACH area
“Secondaries are an excellent 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 accomplice of selection for personal wealth shoppers. I’m excited to develop Coller Capital’s non-public wealth enterprise in Canada, and to help our traders in reaching their targets.”
Coller Capital has $33bn of belongings underneath administration, buying pursuits in non-public fairness, non-public credit score, and different non-public markets belongings.
Learn extra: Personal credit score secondaries turn out to be extra standard, paving approach for GP-led offers