Astorg-Backed Continuation Fund Acquires IQ-EQ with Commitments from AlpInvest and Goldman Sachs Vintage Funds
January 13, 2022
Astorg formed a €1.3bn continuation fund, backed by AlpInvest, Goldman Sachs Asset Management (Vintage Funds) and other limited partners, to acquire IQ-EQ—the last remaining asset in Astorg V. The continuation fund includes significant equity contributions from the IQ-EQ leadership team and will provide capital to support IQ-EQ's organic growth initiatives and future acquisitions.
- Buyers
- Astorg (IQ-EQ Continuation Fund), AlpInvest, Goldman Sachs Asset Management (Vintage Funds), IQ-EQ leadership team (management co-investors)
- Targets
- IQ-EQ
- Sellers
- Astorg V (Fund V) / existing Fund V limited partners
- Industry
- Financial Services
- Location
- Luxembourg
- Transaction Type
- Recapitalization
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