Jeremy Coller, a pioneer in trading private capital fund stakes, has struck a $3.7bn deal with Sweden’s EQT. The transaction, struck during the recent market boom, marks a significant move for Coller’s firm and highlights the growing liquidity in the secondary market for private equity assets.

Coller’s firm is known for its activist stance and focus on sustainable investing, including vegan initiatives. This deal with EQT, a leading Nordic private equity firm, provides Coller’s investors with an exit path and gives EQT access to a diversified portfolio of fund interests, a common strategy for deploying capital in a competitive market.

The agreement underscores the robust activity in the secondary market, where investors trade existing fund stakes. For EQT, the acquisition adds scale and diversification. For Coller, it represents a successful monetization of assets. Watch for more secondary deals as institutional investors seek liquidity amid economic uncertainty.