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Investing.com -- EQT AB is in talks with several potential acquisition targets including Coller Capital as the private equity firm looks to grow its secondaries business, according to Bloomberg, citing people familiar with the situation.
The Stockholm-listed firm has held exploratory discussions with Coller Capital, HarbourVest Partners and Pantheon, all companies that specialize in secondaries investing, these people said.
Secondaries firms purchase second-hand stakes in private equity funds, credit funds and infrastructure funds at discounted rates from earlier investors such as pension managers, university endowments and sovereign wealth funds. They also acquire stakes through "continuation funds," which allow buyout firms to extend their ownership of assets.
This move comes after EQT previously explored a potential deal with Arctos Partners, an investment firm known for providing liquidity to sports teams and alternative asset managers. Those discussions with Arctos ended without an agreement, the people said.
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