Coller hires Dewey star for NY launch

Dewey Ballantine has sealed its relationship with Coller Capital after the UK private equity house hired one of the firm’s partners to open its New York office.

Frank Morgan, an investment funds specialist, will head the New York branch, which marks the first time Coller has expanded outside the UK.

Around 38 per cent of Coller’s investments are located in the US and after raising a $2.1bn (£1.3bn) fund last year, the firm is one of the largest secondary investors worldwide.

Morgan has worked with Coller since the private equity house first opened in the UK in 1990.

Among its more well-known deals are the multimillion-pound purchase of the Royal Bank of Scotland’s interest in NatWest Capital Partners, where Coller was part of a consortium.