The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Coller Capital
Capital, a private market secondaries manager, has just launched Coller Private Credit Secondaries, a Luxembourg domiciled private credit SICAV fund, accessible to private wealth investors outside the US. The fund will be seeded with over $250 million of capital from investors globally.  

CollerCredit aims to deliver a combination of absolute and risk-adjusted returns, diversification, and the opportunity for more liquidity than traditional private credit funds, the firm said in a statement. CollerCredit will be made available to professional and qualified investors in certain jurisdictions in compliance with local law. 

The CollerCredit launch is the latest in a sequence of private wealth announcements from Coller Capital as the firm continues its expansion into the private wealth market. This year, the secondaries specialist opened offices in Luxembourg, Zurich, Melbourne, and Montreal and made several senior appointments to spearhead the private wealth offering outside of the US.

In June, Coller Capital received regulatory approval to launch CollerEquity, its dedicated perpetual private equity fund for private wealth investors outside the US. That fund was seeded with $470 million of capital from investors globally. 

An open-ended fund, CollerCredit will provide private investors with exposure to Coller’s 34 years of secondaries investment expertise and global platform, the firm added. 

“Private credit secondaries are a flourishing, fast-growing segment of the market and we are pleased that this fund will provide private wealth investors with the best-in-class investment opportunities available in this space,” Jake Elmhirst, partner, head of private wealth secondaries solutions, said.    

“The strong growth of the private credit market over the past decade provides a large opportunity set for credit secondaries,” Boris Maeder, managing director, head of international private wealth distribution, added.

Coller Capital has offices in London, New York, Hong Kong, Beijing, Seoul, Luxembourg, Zurich, Melbourne and Montreal, with over $35 billion assets under management.

Saxo UK
Saxo Bank, a fintech specialist focused on multi-asset trading and investment, has just announced that its licensed subsidiary Saxo UK has launched a new investment platform designed for the growing community of buy-and-hold and active investors in the UK. 

SaxoInvestor provides one place where investors can invest in almost everything such as stocks, exchange-traded funds (ETFs), bonds and mutual funds. Saxo Bank, which currently provides customers with access to over 70,000 instruments globally, said it has experienced significant growth in its investor base over the last 12 months, with a 38 per cent increase in active investors. Notably, the platform has seen a 20 per cent rise in female investors during this period. Younger investors are also on the rise, with a 46 per cent increase among those aged 21 to 30 and a 24 per cent increase in the 31 to 40 age group, the firm added.

Saxo UK said it has recognised the growing trend of buy-and-hold investors in the UK, particularly those holding stocks and shares ISAs. With high inflation continuing to impact returns, investment platforms with competitive pricing are becoming increasingly attractive. 

SaxoInvestor offers investors a user-friendly interface where they can consolidate all their investments in one place. With low commissions and foreign exchange fees at 0.25 per cent, investors can trade at their convenience, taking advantage of extended trading hours. The multicurrency account allows for seamless management of multiple currencies, while idle funds can earn interest. Investors can access expert insights and investment themes to guide their strategy, and maximise tax-efficient savings by holding all these benefits within an ISA.

As part of this launch, Saxo is offering $0 commissions on 100 of the most popular US stocks from 1 October to 31 December across all its platforms, in anticipation of the US election. Investors can access curated stock shortlists tailored to likely election scenarios, offering a strategic opportunity to diversify portfolios and reduce risk.