Fund database › Private Credit
Coller CapitalLU2896326464Class I-AA USD
The fund transfers Coller's secondary-market craft to private credit: acquisition of existing credit-fund stakes, direct loans and credit co-investments, globally diversified — as a Luxembourg Part II feeder, launched in 2024.
Monthly subscription; quarterly redemption with just under one month's notice and a quantified quarterly gate; settlement takes place at a NAV determined only later. Redemptions in the first year incur a charge.
Subscription from EUR 50,000 for institutional, professional and certain eligible retail investors; not registered for distribution in Germany.
Credit secondaries as a category of their own exist in the field only here — a young, growing niche market in which Coller seeks the same first-mover advantage the house had in the PE secondary market.
Figures for class I-AA USD (LU2896326464) · product data 12 Oct 2026 · sources: prospectus (as at 1 Jul 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in Nov 2024, the unit price has gained 8.2% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
21 monthly values, 19 derived from monthly returns · Source: secondary source (data portal), price feed / provider document · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results. The fund has been running since Oct 2024; a reliable NAV series of the class is available from Nov 2024.
What the prospectus permits: Focus on Direct Lending / Senior Credit; supplemented by opportunistic and subordinated loans, Structured Credit and Junior Capital; return drivers: discount capture, interest coupons, value recovery
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
217 holdings; the five largest account for 39.4% of the fund.
Among the ten largest: 6 GP-led secondaries, 4 LP secondaries.
Continuation fund of TPG Twin Brook (Chicago), a direct lender to US lower middle market companies that provides senior secured loans to private equity-backed businesses.
Continuation vehicle of Ares Management (Los Angeles) holding a portfolio of first-lien direct loans to US mid-sized companies from the manager’s senior direct lending strategy.
Continuation vehicle holding a portfolio of senior secured US direct loans (senior direct lending).
Continuation vehicle for Debt Fund IV of Benefit Street Partners (New York), a private credit manager within the Franklin Templeton group.
Continuation vehicle of StepStone Group from 2025 that took over a portfolio of private debt fund interests.
"Venus" is a GP-led secondary transaction with Ares Management comprising a portfolio of direct lending and senior credit positions.
Vehicle holding a portfolio of interests in European private debt funds, acquired by Coller Capital in a secondary transaction.
Direct lending fund of New Mountain Capital (New York) that provides senior loans to defensive US mid-market companies, including in healthcare and software.
Crescent Credit Solutions VIIIB is a fund in the Crescent Credit Solutions series of Crescent Capital Group (Los Angeles), vintage 2021, providing unitranche …
Private credit platform of StepStone Group (New York) with a diversified portfolio of senior secured corporate loans (direct lending, senior credit), held through Cayman vehicles.
Provider figures for the credit portfolio, not calculated by semiliquid.info. Providers report yield, remaining life and credit ratings under differing definitions — the basis of calculation is therefore shown with every figure. A comparison across funds only holds where the basis is the same.
Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 0.84%, class I-AA USD is well below the median of the asset class (2.05%). On top comes a performance fee of 12.50% above a hurdle of 5% — without a high-water mark.
For 50,000 USD this means roughly 420 USD per year.
For 50,000 USD, no charge on purchase and up to 1,000 USD on redemption.
Based on the PRIIPs key information document of class I-AA USD, hence comparable across providers. Median: 32 Private Credit funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV on the valuation day — it is not known when the order is placed.
complete Application Form including KYC/AML/tax forms by the cut-off
The Board or its delegate may waive the 5-business-day deadline (waiver).
Price = NAV per share on this day.
NAV as at the valuation day generally available by the 18th business day of the following …
pre-funding: 3 business days before Valuation day
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | last business day of the month |
| Cut-off | 5 business days before Valuation day · 17:00 CET · (before the anchor date) |
| Price | valuation day |
| NAV publication | NAV as at the valuation day generally available by the 18th business day of the following month (NAV Release Date). |
| Payment | pre-funding: 3 business days before Valuation day |
| Minimum investment | CHF/EUR/USD/SGD/GBP 50,000 |
| Subscription limit | The Board may reject or delay subscriptions, including all subscriptions in a given month; closure to new subscriptions possible |
| KYC / documents | complete Application Form including KYC/AML/tax forms by the cut-off |
| Revocation | a late order may be withdrawn up to the cut-off of the next dealing date |
| Business day | Business Day: any day on which securities markets in each of Luxembourg, the United Kingdom, the United States and France are open. |
Dates calculated from the prospectus rules (bank holidays: FR, GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 12 Oct 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate) and without a lock-up. How quickly the money arrives and what happens if many want out at once is set out below.
Early Redemption Deduction of 2% of the NAV on redemption within 12 months of acceptance of the …
NAV per unit less redemption fee (up to 2%)
Redemption Limitation: redemptions are in principle limited to 5% of the net asset value of the CollerCredit …
NAV publication
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Money typically within half a year — on average 118 days from decision to cash.
Rank 52 of 112 · rank 20 of 31 in Private Credit · no lock-up · exit costs of 2.0% included
Money typically within half a year — on average 118 days from decision to cash.
no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 1 Jul 2026 · score run 16 Oct 2026 · How 118 days become 30 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | quarterly |
| Valuation day | quarter-end |
| Notice | 20 business days before Valuation day · 17:00 CET |
| Price | quarter-end |
| Payout | 10 business days after NAV publication |
| Gate | 5% of net assets of the previous period per quarter; The Board may suspend the limit in part or in full; redemptions for the onward transfer of liquidity or for dividend … |
| Scaled-back portion | scaled-back portion lapses; new request required, no priority |
| Redemption fee (max.) | up to 2% (12 months, cliff (lapses after the period)) |
| Lock-up | none |
| Suspension | Force Majeure, price sources unavailable, valuation not possible, liquidation resolution |
| Liquidity tools | Extension of the notice periods, redemption in kind only for professional investors, suspension only in exceptional cases. |
| Switch / transfer | permitted with the prior consent of the Board (response within 20 business days, silence is deemed a refusal). |
| Compulsory redemption | in the case of a Prohibited Person; where the minimum investment is not maintained, conversion or compulsory redemption after 1 month's notice |
Redemption Limitation: redemptions are in principle limited to 5% of the net asset value of the CollerCredit Feeder per quarter, measured against the NAV as at the end of the immediately preceding month (excluding the early subscription discount on the shares redeemed). The board of directors or its delegate may lift the limit in part (higher percentage) or in full on the basis of the AIFM liquidity analysis.
The Gate is quantified as a “Redemption Limitation” of 5% of the feeder's NAV per quarter, measured against the NAV as at the end of the immediately preceding month and excluding the early subscription discount. The board of directors may waive the limit in part or in full on the basis of the AIFM's liquidity analysis.
Dates calculated from the prospectus rules (bank holidays: FR, GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 12 Oct 2026 · Documents: 08.
4 classes. All cost and risk figures on this page refer to the basis class I-AA USD.
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Factsheet / monthly report Factsheet May 2026, as at 31 May 2026 | 31 May 2026 | — |
| Presentation | 31 Mar 2026 | — |
| Prospectus | 6 Jun 2025 | — |
| NAV series secondary source (data portal), price feed / provider document | 31 Jul 2026 | Performance (01) |
| Positions and reserve | 31 Jul 2026 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption quarterly, notice period 20 business days before Valuation day, with 5% gate per quarter. Subscribing today, it takes on average 118 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 0.84% p.a. according to the PRIIPs KID for class I-AA USD; the median of the Private Credit funds in this database is 2.05%; plus a performance fee of 12.50%.
From 25,000 USD in the smallest class in USD.
Not as a retail investor. According to our evidence, in Germany it is open only to semi-professional investors (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the Coller Private Credit Secondaries. Under the prospectus a gate of 5% per quarter applies.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.