A player in the secondary market for private equity investments, Coller Capital knows all about illiquid investments. And with many a hedge fund desperate to offload theirs, the London-based firm smells an opportunity.

Coller has begun buying illiquid assets from hedge funds, Financial News reports. The firm, which boasts some US$8.5 billion in assets under management, has bought assets from two hedge funds, one in the U.S. and one in Europe, over the past year, and has had talks with about 50 others about similar deals over the past two years.