Global Investment Firm EQT to Acquire Secondaries Manager Coller Capital
Global investment firm EQT AB has signed an agreement to acquire Coller Capital, a global secondaries firm with nearly $50 billion in total assets under management. As private markets evolve, EQT said the combination with Coller Capital is a natural extension of its platform to strengthen its relevance for both institutional and private wealth clients.
“Entering the secondaries space with Coller [Capital] represents a natural and important step in EQT’s strategic development,” said Per Franzén, chief executive officer and managing partner of EQT. Secondaries have become an increasingly important tool for clients in managing liquidity and portfolio construction, and in supporting long-term ownership of high-quality assets.”
The activity is intended to unlock growth opportunities for both businesses, including expanding into adjacent secondaries across real assets to grow Coller Capital beyond private equity and credit secondaries, and accelerating EQT’s private wealth offering by adding four evergreen products with a total net asset value of $4.1 billion while leveraging Coller Capital’s existing strategic partnership with State Street Investment Management to scale global distribution, as well as EQT’s brand and global institutional relationships.
The transaction, expected to close in the third quarter of 2026, is subject to customary closing conditions, including regulatory approvals and certain Coller Capital fund investor consent approvals.
When complete, Coller Capital will form a new business platform within EQT to be branded “Coller EQT.” Coller EQT will form part of a new secondaries business segment, alongside EQT’s existing private capital and real assets segments. Jeremy Coller, currently chief investment officer and managing partner of Coller Capital, will become head of Coller EQT, reporting directly to Franzén. Coller EQT’s origination and investment process will remain independent.
“This partnership marks a defining moment for Coller [Capital]. We are bringing more than 35 years of secondaries expertise to EQT to realize our shared ambition to shape the future of private markets. The opportunities ahead are compelling, from accelerating innovation in secondaries to broadening the secondary solutions we can deliver to investors worldwide,” said Coller.
This combination advances EQT’s ambition to build the most attractive private markets firm of scale, delivering industry-leading performance and solutions globally. Together, the two firms will be able to strengthen relationships and opportunities with institutional, private wealth and insurance-related clients while creating a deeper global EQT platform across private equity, infrastructure, real estate and secondaries.
Coller Capital’s specialist secondaries capabilities complement EQT’s active ownership model and future-proofing capabilities, according to EQT. The combination brings together two global firms with European roots who share closely aligned values, including a focus on investment performance and innovation.
“Coller is a global leader in this field, with deep expertise. The transaction unlocks growth opportunities for both firms,” said Franzén. “Together, I believe we can double the size of Coller’s business in less than four years. As a combined firm, we will be exceptionally well positioned to deliver integrated solutions across both primary and secondary markets, underpinned by a disciplined focus on performance.”
Headquartered in the United Kingdom, Coller Capital has a global team of 330 professionals, including 77 investment professionals based in 11 offices around the world. Coller Capital said it offers a diversified client proposition spanning institutional funds, private wealth evergreen products and insurance-dedicated solutions.
As part of the transaction, Coller Capital minority shareholder State Street will become a shareholder in EQT.
“We are keen to expand our engagement efforts to include EQT’s breadth of capabilities … Together with EQT, we look forward to improving access to private markets solutions and innovating for clients worldwide seeking diversification and better outcomes,” said Yie-Hsin Hung, president and CEO of State Street.
Earlier this month, Coller Capital announced the final closing of Coller International Partners IX, or CIP IX, its largest ever fund, bringing the total capital raised to $17 billion for Coller’s private equity secondaries platform in its latest fundraising cycle. Previously, AltsWire reported that the Coller Secondaries Private Equity Opportunities Fund, or C-SPEF, had surpassed $1 billion in assets under management as of September 2025.
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