At close, the oversubscribed vehicle is more than double the size of its 2021 predecessor.
European and UK wealth managers will be able to access and trade Coller's secondaries funds at scale.
In July, the firm closed its debut program targeting the strategy with more than $5.5 billion in capital commitments.
The Norwegian manager's latest €445 million hybrid investment vehicle is already 70% deployed, SecondaryLink has learned.
Potential backers reportedly sought a lower valuation for the loans held in the continuation fund.
The Euronext Amsterdam-listed manager is also preparing to launch two additional products focused on credit and infrastructure secondaries.
The manager's debut vehicle, which closed in December, primarily targets secondary LP interests across special situations credit, direct lending, and infrastructure-like private equity.
Following Coller's recent acquisition by EQT, the two managers also plan to expand into real asset secondaries and develop a secondaries insurance offering.
The UK-based firm is reportedly looking to raise two closed-ended funds and one evergreen offering.
Its predecessor closed in January with €1.5 billion in capital commitments, well above the firm's €500 million target.
