Debevoise & Plimpton LLP has advised Coller Capital (“Coller”), the world’s largest dedicated private market secondaries manager, in its partnership with Barings Portfolio Finance and Ares Management Alternative Credit funds (“Ares”) to raise a $2.4 billion structured funding vehicle for Coller funds to invest in private market secondaries.

This innovative solution marks the largest-ever structured funding vehicle of its kind in the secondary market to invest in both private equity and private credit secondaries.

For full details, see the official release here.

The Debevoise team advising Coller was led by partner Pierre Maugüé, and included partners Gavin Anderson, Nicholas Pellicani and Marc Ponchione, counsel Felix Paterson and Christopher Rosekrans, and associates Julia Ahn, Jag Appleby, Helena Inghelram, Christine Liu, Keith Moshe, Masha Okun and Lada Tobola. Tax advice was provided by partner Michael Bolotin, and associates John Nelson and Robert Nelson-Sullivan.