Fundraising

The move happens as Coller Capital continues to raise its Coller International Partners VII, targeting $5.5bn.

The firm has already committed 21% of Stafford International Timberland VII’s $484 million and plans to open an office in Latin America in the third quarter.

The fund, which had a first close nearly 18 months ago, was oversubscribed.

The average size of funds that closed in the first quarter was less than half of the average size of funds that closed in the same period in 2014.