EQT AB has signed an agreement to acquire UK-based Coller Capital in a transaction valued at up to $3.7 billion, marking a major expansion into the fast-growing private market secondaries segment. The deal includes a base consideration of $3.2 billion paid in EQT shares and up to $500 million in contingent consideration linked to performance milestones through 2029.
Coller Capital manages nearly $50 billion in assets and specializes in private equity and private credit secondaries, providing liquidity solutions to both general and limited partners. Upon closing, expected in the third quarter of 2026 pending regulatory and investor approvals, Coller Capital will operate as a new platform within EQT under the brand “Coller EQT.”
The acquisition strengthens EQT’s multi-asset platform across private equity, infrastructure, real estate, and secondaries, aligning with rising demand for liquidity solutions and longer-term ownership structures. The secondaries market grew sharply in 2025 and is projected to expand further over the decade, supporting EQT’s strategic focus on scale and diversified offerings. State Street, a minority shareholder in Coller Capital, will become a shareholder in EQT as part of the transaction, reinforcing existing distribution and partnership ties across institutional, private wealth, and insurance channels.
