Hunter Point Capital has made a minority investment in secondary market alternative investment firm Coller Capital, a joint news release said.
The firms declined to provide information beyond the news release, according to a Hunter Point spokeswoman.
"This is a natural evolution of the Coller platform. Last year, we announced that future economic value will be shared with partners," Jeremy Coller, managing partner and CIO, said in an email. "This is the next logical step, a strategic minority investor, who can support the acceleration of our strategy and the institutionalization of the platform."
The collective experience of HPC's leadership will help Coller expand its business, Mr. Coller said.
"For example, we believe HPC's Chairman Bennett Goodman has an unrivaled understanding of credit markets and HPC will support Coller's expansion into private wealth, while Avi Kalichstein brings significant business-building expertise that will be invaluable as we seek to accelerate our growth strategy," Mr. Coller said.
There will be no change in governance, the investment process or day-to-day management of Coller, the release said. All proceeds from the transaction will be reinvested into Coller funds, it added.
"Jeremy is fully committed to and engaged in the business," a Coller spokeswoman said.
Coller Capital has $27.5 billion in assets under management.
Hunter Point executives declined to provide the firm’s assets under management, a spokeswoman said in an email.
