Following Coller's recent acquisition by EQT, the two managers also plan to expand into real asset secondaries and develop a secondaries insurance offering.
The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
The transaction adds nine private equity and credit secondaries strategies to EQT's offering, while its combined evergreen platform now exceeds €10 billion in NAV.
Founded in 2007, PennantPark is a mid-market-focused private credit manager with around $10 billion in AUM.
The credit secondaries vehicle will reportedly acquire loans from the manager's existing portfolio and provide fresh capital for new lending.
The Euronext Amsterdam-listed manager is also preparing to launch two additional products focused on credit and infrastructure secondaries.
The manager's debut vehicle, which closed in December, primarily targets secondary LP interests across special situations credit, direct lending, and infrastructure-like private equity.
In December 2025, Bridgepoint agreed to add the US-based mid-market secondaries specialist Newbury in a funded lift-out.
The oversubscribed vehicle will make sub-€20 million investments exclusively in European VC funds.
Fundraising for the firm's ninth flagship secondaries fund concluded roughly 39% larger than its 2020 predecessor, which closed at $9 billion.
