EQT builds infrastructure secondaries business after Coller Capital buyout
What's the deal? EQT is moving into infrastructure secondaries following its acquisition of Coller CapitalDealroom has a profile for this one. Try Dealroom →, with hiring an investment team as its immediate priority. The deal value was undisclosed. "This is a key opportunity for us. We're fully focused on building this leg of the business," chief financial officer Gustav Segerberg said on the Swedish firm's third-quarter earnings call.
What's the endgame? The push extends Coller EQTDealroom has a profile for this one. Try Dealroom →'s private equity and private credit secondaries capabilities into a new asset class. EQT had already flagged infrastructure and real estate secondaries as areas under development as it expands its secondaries platform.
How it works: Infrastructure secondary transactions let investors sell existing fund interests, or let managers move assets into continuation vehicles. That provides liquidity without a conventional sale of the underlying assets.
Why now? The wider secondary market is booming. Global secondaries transaction volumes topped $120 billion in the first half of 2026, the strongest first-half on record, according to EQT. The firm credits the growth to investors seeking liquidity and managers wanting to hold attractive assets for longer.
What could go wrong? EQT closed the Coller deal only about 45 days ago, and Segerberg said building the business will take time. The firm must first find the right people to run it.
The signal: Coller EQT is also preparing to launch its next private equity secondary fund, CIP X, in early 2027, and has begun fundraising for its third private credit secondaries fund, CCO III. The infrastructure move signals EQT's bet that secondaries will keep expanding across every private asset class.
Read more: dealstreetasia.com
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