Rod James
Secondaries Investor reported last month that JPMorgan was returning to the PE secondaries market with the appointment of Tim Henn from Portfolio Advisors.
Oaktree's parent company, Brookfield, has opened another front in its expansion strategy, having entered the real estate and infrastructure secondaries markets beginning in 2020.
Coller Credit Opportunities I came to market in May, targeting $750m, and is managed by partners Michael Schad, Ed Goldstein and Martins Marnauza.
The funds will complement the GP stakes business, which co-president Michael Rees called 'one of the most underpenetrated spaces in all of alternatives'.
The vehicle will launch 'imminently' and be led by partners Michael Schad, Ed Goldstein and Martins Marnauza, Secondaries Investor has learned.
The alternatives asset manager had one of its strongest quarters, with total AUM rising 21% year-on-year to $649bn.
The alternatives giant had said in January it would focus more effort on governance and reputational risk.
The deal was used to seed the $440m debut credit fund of Angel Island Capital.
Rakesh Jain will help lead the firm's expansion in private credit primaries, secondaries, co-investments and special situations.
Rakesh Jain will help lead the firm's expansion in private credit primaries, secondaries, co-investments and special situations.