Akin Gump Advises Coller Capital on Closure of World’s Largest Private Credit Secondaries Transaction

(London) – Coller Capital and Ping An Overseas Holdings together with its subsidiaries (“Ping An”), the main offshore investment and asset management platform of Ping An Insurance (Group) Company of China, Ltd., have closed the world’s largest private credit secondaries transaction for a credit portfolio managed by Ping An. A team from Akin Gump advised Coller in the transaction.

Coller investment and co-investment vehicles are investing $580 million of a total transaction value of $680 million. An Asian institution is investing $100 million alongside Coller. Following the closure of the transaction on July 30, Ping An will continue to manage the portfolio.

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Akin Gump investment management partner Aleks Bakic led a cross-border team advising Coller Capital. He was joined by London counsel Chris Jeanes and associates Ben Watson and Felicity Stansfield. Partner Josh Williams, counsel Stuart Alter and associate Rich Swanson advised on U.S. tax aspects of the transaction. Others involved included London finance partner Amy Kennedy, Singapore investment management partner Olivia Chung and Hong Kong litigation partner Daniel Cohen.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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