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.
The combined $25 million program prices ADS and ASIF shares at 14.6% and 13.4% discounts to August NAVs respectively, after both funds again capped repurchases.
The firm has appointed Loïc Beaumont as Head of Private Equity to lead the initiative that targets LP-led secondary positions in European buyout funds.
The Euronext Amsterdam-listed manager is also preparing to launch two additional products focused on credit and infrastructure secondaries.
Clipway Secondary Fund I focuses on LP-led secondary transactions in North American and Western European buyout funds.
The portfolio and single-fund sales included stakes in US-based credit funds with 2019-2022 vintages.
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 disposal to a consortium of other UK schemes was facilitated by online LP-led platform MeltX and received legal support from Willkie Farr & Gallagher and Hogan Lovells.
At close, the oversubscribed vehicle is more than double the size of its 2021 predecessor.
The 2023 predecessor vehicle, LP Secondaries I, raised $1 billion in capital commitments, according to SecLink Data.
