Western Europe

Commentary: Rise of the secondaries ‘bottom feeders’

EQT’s acquisition of secondaries pioneer Coller Capital comes as the market for LP stake sales and continuation funds hits new heights.

Five things to know about EQT’s $3.7bn Coller acquisition

The transaction marks EQT’s entrance into the secondaries market and expansion into insurance offerings, with secondaries doyen Jeremy Coller reporting to chief executive Per Franzén.

DOWNLOAD: Non-US LPs gain ground among largest secondaries investors in 2025

While the list of the largest known LP commitments remains dominated by US-based investors, it also reflects a growing presence of non-US institutions from Asia and the UK.

Ardian makes raft of senior promotions and additions to ASF management committee

The firm has also made further leadership promotions and created two regional operating committees to ‘further strengthen local leadership’, according to a memo seen by Secondaries Investor.

AIG uses fund stake transfer to seed CVC $1.5bn evergreen portfolio

The pair will eye ‘additional areas of collaboration’ amid the insurer’s plans to raise its alternatives exposure.

Inside Allianz’s push into private debt secondaries, co-investments

Marc Smid, who oversees the German insurance giant’s private debt fund of funds, sets out his expectations and concerns with respect to GPs.

Secondaries volume smashes predictions to reach $226bn in 2025 – Evercore

While fundraising continues to skyrocket, the amount of dry powder available has remained ‘fairly flat’, and more capital is needed for the market to keep pace with demand, Evercore’s Nigel Dawn tells Secondaries Investor.

Stafford raises over $1.1bn for infra secondaries

SISF V is the largest infrastructure vehicle that Stafford has raised to date and brings its total infra AUM to $2.7bn.

Hg confirms secondaries unit launch with hire of second CPPIB alum

Daniel Ward, a former principal at CPP Investments, has joined Hg’s secondaries team as the firm builds up investment capacity in GP-leds.

Will the total portfolio approach reshape the secondaries market?

Under the TPA an LP’s selling decision is more likely to be driven by opportunistic considerations, rather than breaches of asset allocation targets.