EQT Circles Coller, HarbourVest in Secondaries Push (Correct)

EQT AB has been holding talks with potential acquisition targets including Coller Capital as the private equity firm seeks to expand its secondaries business, people with knowledge of the matter said.

Stockholm-listed EQT has held exploratory discussions with several firms including Coller Capital, HarbourVest Partners and Pantheon as it seeks to buy a business specializing in secondaries investing, the people said.

Secondaries firms buy second-hand stakes in private equity funds, credit funds and infrastructure funds at a discount from earlier backers like pension managers, university endowments and sovereign wealth investors. They also buy stakes via so-called continuation funds, which let ...