SUBSCRIBE is pleased to announce their latest partnership with Coller Capital — a key player across private equity and private credit secondaries managing $38 billion in asset under management (AuM) and presently serving institutional as well as private wealth investors.
As mentioned in the announcement, global secondaries volume increased 45% to reach “a record $162 billion in 2024.”
The update also noted that both LP and GP-led transactions “have reportedly experienced double-digit growth.”
As private market secondaries become a “fast-growing” segment of the market, wealth investors are now said to be seeking better investment opportunities in the space.
Jake Elmhirst, Partner and Head of Private Wealth Secondaries Solutions at Coller Capital, has remarked:
“Digitizing the private markets experience for our customers is core to our growth and strategy as a firm, SUBSCRIBE’s technology offers a superior investment onboarding experience for our customers.”
Rafay Farooqui, Founder and CEO at SUBSCRIBE said:
“We are pleased to have Coller Capital adopt SUBSCRIBE to streamline their fundraising efforts as they look to scale their offerings to wealth managers. Our platform will serve as an end-to-end operating system delivering their customers ease of use.”
As noted in the update, SUBSCRIBE operates as a fintech company that is focused on digitally transforming the “landscape of alternative investments for fund managers, institutional investors, wealth managers, law firms, and fund administrators.”
Their platform technology aims to modernize the archaic / outdated infrastructure of private fund investments “by delivering a central operating system — catering to every role within the investment process empowering them to connect any fund, any investor, anywhere in the world on a single platform.”
As covered recently, Coller Capital, the world’s private market secondaries manager, has acquired a $1.6bn senior direct lending portfolio from American National, a multiline US insurer.
The investment reportedly marks the largest ever “LP-led credit secondaries transaction that is focused on a senior direct lending portfolio.”
The transaction will see Coller Capital acquire LP positions “in 44 US credit funds that are primarily focused on senior direct lending.”
The portfolio focuses on first lien and unitranche loans to mid-market companies and, at acquisition, was diversified “across over 3,000 loans and nearly 1,500 borrowers, the majority US based.”
Coller Capital was approved to buy all funds by the “underlying GPs, reflecting the firm’s widely recognized scale, expertise and experience when it comes to structuring and executing LP-led secondaries credit transactions.”