Coller Capital’s $2.4 Billion Secondaries Deal Lures Barings, Ares

Coller Capital raised $2.4 billion from Barings and Ares Management Corp. for a structured funding vehicle that will buy second-hand stakes in private equity and credit funds.

It’s the largest-ever product of its kind in the so-called secondaries market, where limited partner shares are bought and sold, according to a statement from Coller.