State Street Corp.’s asset-management arm acquired a minority holding in Coller Capital to tap the growing market for secondhand stakes in private markets.
The firms announced the deal Monday in a statement that didn’t disclose the amount of the investment. The proceeds will be reinvested in Coller’s business and won’t affect the firm’s day-to-day management.
“Secondaries and private markets represent an important and growing opportunity,” State Street Investment Management Chief Executive Officer Yie-Hsin Hung said in the statement.
Hung has sought to push into alternative assets since taking over the unit in 2022, and she previously said it was ...
