Law360, New York (August 15, 2012, 6:56 PM ET) -- British investor Coller Capital Ltd. announced Wednesday it would buy a £1.05 billion ($1.65 billion) portfolio of private equity interests from Lloyds Banking Group PLC, the first commitment from its new fund and a sign that the secondaries market continues to sizzle.
Coller, which specializes in amassing existing investor commitments to private equity funds, will pay about £1.03 billion in cash, accounting for £220 million in undrawn commitments, the bank said. Lloyds is continuing to slim down after a 2008 bailout that transferred 40 percent of...
O'Melveny & Myers Aids Coller's $1.65B Lloyds PE Buy
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