The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
Eligible shareholders can borrow up to 65% of NAV on positions of at least $1 million while continuing to seek fund repurchases.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
Openstone Infraworld will initially target four funds managed by Macquarie, Partners Group, and Ares, including strategies focused on infrastructure secondaries.
The evergreen fund targets the energy, digital infrastructure, and transport sectors mainly through direct deals, complemented by secondaries and co-investments.
The credit secondaries vehicle will reportedly acquire loans from the manager's existing portfolio and provide fresh capital for new lending.
European and UK wealth managers will be able to access and trade Coller's secondaries funds at scale.
The Zenzic Real Estate Credit Opportunities Fund launched in October 2025 with an anchor investment from GCM Grosvenor.
The initiative leverages blockchain-based distribution models to expand access to the firm's Luxembourg-domiciled SICAV fund.
Feichtner will help develop scalable, regulatory-compliant secondaries infrastructure for private market products within the wealth segment.
