Coller Capital, a global private market secondaries manager, has successfully closed a general partner (GP)-led secondary transaction in partnership with GSR Ventures, a global venture capital investment firm renowned for its investments in the consumer and technology sector.
Coller Capital said in a statement on Monday that The investment, with a total deal size of RMB 229 million ($31.58 million), comprises eight high-growth assets in the consumer and tech sectors in China.
Coller Capital’s RMB secondaries fund, CCSRMB I, was the sole lead of this transaction.
Alongside Coller Capital and its co-investors, GSR Ventures is also committing a significant amount of capital to the transaction.
This was a complex, multi-asset GP-led transaction that required a highly structured liquidity solution tailored to the specific needs of the selling fund managed by GSR Ventures, its limited partners (LPs), and the portfolio companies.
Coller Capital was identified as the sole credible buyer capable of building alignment and delivering the highest transaction certainty, underscoring the firm’s reputation and leadership for executing complex transactions with precision and efficiency in the RMB secondaries market.
“We are delighted to partner with GSR Ventures to lead this significant transaction,
“The GSR team demonstrated strong confidence in the long-term growth of its portfolios, maintaining a high level of professionalism and transparency to fulfill their commitments to limited partners (LPs)’ interests,” said Zhan Yang, Investment Principal of Coller Capital.
“Coller Capital’s strong local presence and deep expertise in navigating complex GP-led opportunities were pivotal in originating and executing this deal at an attractive valuation,
“As China’s private equity market continues to evolve, we remain committed to providing innovative, bespoke solutions to meet the liquidity needs of managers and investors,” he added.
Peter Kim, Partner and Head of Asia and RMB, Coller Capital, said that the Chinese secondaries ecosystem has matured rapidly over the past few years, resulting in increased transaction opportunities for quality assets.
“Leveraging our RMB platform and extensive network of relationships on the ground, we are pleased to have completed another important transaction through an innovative deal structure,
“This accomplishment highlights our commitment to advancing the growth of the RMB secondaries market,” he added.
Allen Zhu, Managing Director of GSR Ventures, said that “the firm is honored to partner with Coller Capital, a RMB secondaries market pioneer and a leading global secondaries investment firm, to complete this transaction.
According to him, both parties share long-term confidence in the Chinese market and believe that beneficial outcomes can be achieved for all stakeholders.
“China’s private equity secondary market is increasingly active, emerging as a key exit channel for private equity funds as well as raising the bar for GPs’ transaction capabilities and the quality of underlying assets,
“Leveraging on this momentum, GSR Ventures is committed to creating diverse exit opportunities and delivering strong returns for our investors,” he added.
Founded in 1990, Coller Capital is a global firm in the secondary market for private assets.
The firm provides investment and liquidity solutions to private market investors worldwide, and currently manages $36 billion in private equity, private credit, and other private market vehicles.
The firm has headquarters in London and offices across North America, Europe, and Asia-Pacific.
GSR Ventures is a venture capital firm focused on early-stage technology companies.
The firm backs entrepreneurs with global ambitions – entrepreneurs building large, disruptive businesses that have the potential to dominate multi-billion dollar markets.
The fund was the first institutional investors in DiDi Chuxing, ele.me, Xiaohongshu, Inke, Qunar and Shanghai DZH.
It currently manages about $3 billion in a combination of USD and RMB-denominated funds.
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