Jeremy Coller
Jeremy Coller is a British businessman and philanthropist. He is the founder, chief investment officer and chairman of Coller Capital. Known as "The Godfather of Secondaries", Coller is one of Europe's best-known alternative investors, specialising in buying second-hand stakes in private equity funds.
His investments have included a portfolio of mid-sized UK companies that held TM Lewin and Vue Entertainment. Financial News has over several years voted Coller one of the most influential people in private equity and in 2013, named him its European "Personality of the Decade" for his role in industrialising the secondaries market. In December 2018, Coller was named to Financial News's Europe's 50 Most Influential People list.
He is chairman of the Jeremy Coller Foundation, his vehicle for philanthropic activities. He sits on the advisory board of the Coller School of Management at Tel Aviv University. He is a member of the Advisory Council of The Elders, the international peace and human rights NGO founded by Nelson Mandela.
In 2019 the Sunday Times Rich List gave Coller's net worth to be £320 million.
Early life and education
Coller was born in London on 17 May 1958. He attended Carmel College and holds a master's degree in Philosophy from the University of Sussex and a BSc in Management Sciences from Manchester University School of Management. He took the Diplome Cours de Civilisation at the Sorbonne in Paris.After building a successful career in private equity, Coller was awarded an Honorary Fellowship by London Business School in 2011 and in 2013, received an Honorary Doctorate from Tel Aviv University.
Business career
Coller's early career was spent as Head of Equity Research at Fidelity International. He then joined ICI Pension Plan as a sector fund manager, before becoming a venture and buyout manager. In this role, Coller pioneered the purchase of secondary positions in private equity and became the first investor in VCFA.In 1990, he started the first European private equity secondaries fund. Since then, Coller Capital has become a globally recognised leader in the private equity secondaries market and Coller is recognised for leading the industrialisation of private equity secondaries.
He is Chief Investment Officer and Executive Chairman of Coller Capital, which has completed some of the largest transactions in the private equity secondary market. The firm employs around 185 people, and is headquartered in London, with additional offices in New York City and Hong Kong. In 2015, Coller Capital closed its latest secondaries fund, Coller International Partners VII, with total capital commitments of $7.15 billion and backing from approximately 170 leading institutional investors.
Coller promotes entrepreneurship in the UK and worldwide, offering frequent support for the commercialisation of innovative ideas.
Philanthropy
The Jeremy Coller Foundation is a strategic grant-making organisation, focused on two primary programme areas: ending factory farming and improving venture and management education.The Foundation also funds and supports the work of The Elders, where Coller has been a member of the Advisory Council since 2012.
Venture and management education
Coller Institute of Private Equity at London Business School
The Coller Institute of Private Equity at London Business School sprang from a significant donation to London Business School by the Jeremy Coller Foundation in 2008.The Institute focused on private equity education and research, and was influential in building bridges between academia and the global private equity industry. The Institute also published Private Equity Findings, a digest of international private equity-related research.
Coller Institute of Venture at Tel Aviv University
The Coller Institute of Venture was established at Tel Aviv University in 2013, with a mission to advance the venture ecosystem globally. The Institute pursues three objectives:- To identify the conditions that will lead to compelling venture capital returns for long-term capital providers
- To investigate and communicate best practice in 'technology translation' – the creation of new businesses from IP owned by governments, universities and corporates
- To promote innovation in venture policy-making and planning, encouraging governments to adopt best practices in legal frameworks, fiscal incentives, behavioural economics, and other areas of public policy.
Coller School of Management, at Tel Aviv University
The Coller School of Management at Tel Aviv University was established in 2016, following a major donation from the Jeremy Coller Foundation. The donation renamed, and boosted the capacities of, Israel's leading business school, which has been educating undergraduates, graduates, business managers, and entrepreneurs for over 50 years.The Coller School is one of the world's leading management schools, especially in the area of venture and entrepreneurship; its graduates are more successful at attracting venture capital funding than those of many other well-known business schools – ranking the Coller School number 11 globally in this area.
The Jeremy Coller Foundation funds the School to recruiting fresh faculty, expand its research, and diversify and internationalise its student body.
The Coller School of Management aspires to be one of the leading places in the world for aspiring innovators to build the skills, the know-how, and the networks for success in the world of venture – a mission that will be greatly facilitated by the School's base in Tel Aviv, which has been recognised by Startup Genome as having the world's best start-up ecosystem outside Silicon Valley.
The School hosts the Coller Startup Competition, a $100,000 prize awarded annually to startups focused on the future of food, specifically on replacing animals in the human food supply chain.
Ending factory farming
The Jeremy Coller Foundation looks at the consequences of factory farming for global sustainability.FAIRR (Farm Animal Investment Risk & Return) Initiative
FAIRR is a collaborative investor network that raises awareness of the material ESG risks and opportunities caused by intensive livestock production. Launched by the Jeremy Coller Foundation in 2015, FAIRR believes that intensive livestock production poses material risks to the global financial system and hinders sustainable development. Its mission is to build a global network of investors who are focused and engaged on the risks and opportunities linked to animal factory farming. As of August 2019, FAIRR’s membership and wider supporting network comprises institutional investors managing over $16 trillion in combined assets.FAIRR helps investors to identify and prioritise these factors through cutting-edge research that investors can then integrate into their investment decision-making and active stewardship processes. FAIRR also runs collaborative investor engagements with global food companies to improve performance on selected ESG issues in the sector.
Global investor statements
- Global investor statement on antibiotics stewardship - a public-facing statement calling on food companies to adopt stronger antibiotic stewardship policies. The statement encourages companies to build a policy in line with FAIRR's best-practice antibiotics policy, developed in consultation with leading industry and issue experts. As of November 2018, the statement has been signed by 73 investors managing over $3 trillion in assets.
- Statement of Support for the Cerrado Manifesto - a public-facing statement showing investor and corporate support for the Cerrado Manifesto, which asks purchasers of soybean and beef from the Cerrado savannah to immediately adopt effective policies and commitments to eliminate deforestation and incentivise producers to move towards more sustainable land management. As of November 2018, the statement has been signed by 50 investors with over $6 trillion in assets.
Engagements
- Antibiotics overuse in livestock supply chains - antibiotics use in livestock is a leading cause of rising antimicrobial resistance in humans. The food industry is the largest consumer of antibiotics globally, and uses antibiotic drugs to prevent disease or promote growth in healthy farm animals rather than treat clinically ill animals. The engagement asks 20 global food companies to limit antibiotic use in their supply chains to protect public health and long-term value creation. As of August 2019, it is supported by investors with $4.9 trillion of combined assets.
- Building sustainable protein supply chains - The conventional livestock production system is heavily dependent on unpriced externalities for its continued growth: GHG emissions, deforestation, air and water pollution, low regulatory scrutiny, poor animal welfare, license to operate risks and human health concerns. The engagement asks 25 global food companies to diversify their protein sources to drive growth, increase profitability, reduce risk exposure, and improve their ability to compete and innovate in a resource-constrained world. As of August 2019, the engagement is supported by investors with $5.3 trillion in combined assets. A progress report, 'Appetite for disruption' was published in July 2019.
- Global investor engagement on meat sourcing - For fast food companies buying meat and dairy, these unpriced externalities present growing challenges to their supply security, sustainability ambitions, brand and reputation, and financial growth. FAIRR is asking companies to set, and report on, a clear strategy for how they are de-risking their meat and dairy supply chains..
Human health
The Foundation coordinates epidemiological research with governments and the public and private sectors to provide an evidential basis for the link between antibiotic misuse on factory farms and antibiotic resistance in humans, to project future resistance patterns, and to contribute to a global public health action plan. In parallel, the Foundation works with the Alliance to Save Our Antibiotics and other NGOs to promote legislation for the appropriate use of antibiotics in farm animals.
Animal welfare
The Foundation seeks to highlight the animal welfare impacts of factory farming. As concern among consumers about the way in which animals are treated in the course of producing meat, dairy or egg products increases, farm animal welfare is also growing in importance for investors in the food industry. Higher standards of welfare are not only important to meeting consumer expectations but can also have a beneficial effect on business efficiency, profitability and long-term market value when health risks are taken into account.As part of this programme, the Foundation supports the Business Benchmark on Farm Animal Welfare, a tool for investors to assess corporate animal welfare policies and performance and to integrate this into their investment decision making and engagement.
Coller Prize for Interspecies Conversation
In July 2020, Coller announced the Coller Prize for Interspecies Conversation, a $1m award in support of research into AI-augmented human-animal communication. The prize was announced by Interspecies I/O, a forum of leading figures in inter-species communication; its members include Peter Gabriel, Vint Cerf, Diana Reiss and Neil Gershenfeld. At the same forum, he also announced the Coller Hall of Fame and Young Leaders Circle, for leading interspecies thinkers, as well as the creation of a digital hub in support of interspecies research.Commenting on advances in machine learning, Coller said his aim was to “…seek out the conversation algorithm that will unlock in ourselves a greater sense of respect for those other animals with whom we share our planet, so we no longer see them simply as objects and possessions.”
Honours and awards
Coller has won numerous awards and has often been honoured for his contribution to the private equity and venture capital industries. These include:- Being named one of the Most Influential People in Private Equity by Financial News in 2010, 2011, 2012 and 2013
- Being voted Private Equity Personality of the Decade by Financial News