Coller LP Secondaries - B, L.P.

The presence of only two named GPs (Jeremy Coller and Helen Lamb) among 12 total listed parties, combined with zero prior EDGAR filings from this manager, signals either a newly-formalized US regulatory presence for an established offshore or European secondaries operator, or a significant shift in how the manager is structuring US LP relationships.

A mid-2026 secondaries raise targets the LP rebalancing cycle following 2024–2025 distribution peaks from mature PE funds, when allocators have dry powder to redeploy and are actively seeking exposure to portfolio companies with post-exit optionality or stretched timelines.

Verify whether the 06b exemption classification reflects true pre-existing relationships or is a structure choice to avoid full audited financials disclosure—and confirm whether this LP base is anchored by a single large institutional investor or diversified across multiple commitments, as concentration affects continuation-fund stability.