IQ-EQ Acquires South Watch LLC

Everlane Equity Partners Invests in South Watch

May 2, 2023

Accounting & Tax

Everlane Equity Partners, a Boston-based private equity firm, has made a strategic growth investment in South Watch, LLC, an outsourced fund administration provider headquartered in Canton, Massachusetts that oversees 50+ funds and approximately $3 billion in assets. The founders and management team will remain in place; the capital will be used to strengthen market position, scale the platform and pursue inorganic growth through ancillary services and add-ons.

IQ-EQ Acquires JGM Fund Services

September 7, 2022

Financial Services

IQ-EQ, an Astorg‑backed global investor services group, has acquired JGM Fund Services, a U.S. provider of fund administration and tax services focused on real estate and private equity managers. The deal expands IQ‑EQ’s U.S. footprint and capabilities, growing its U.S. workforce and reinforcing its position in the alternative fund services market.

IQ-EQ Acquires Constellation Advisers LLC

January 5, 2021

Financial Services

IQ-EQ, an Astorg-backed investor services group, has completed the acquisition of Constellation Advisers LLC, a U.S.-based outsourced and co‑sourced investment management services provider. The deal expands IQ-EQ’s U.S. footprint and capabilities in fund administration, outsourced CFO/COO services and regulatory compliance, adding Constellation’s ~115 professionals across six U.S. offices to IQ-EQ’s combined U.S. platform.

IQ-EQ Acquires Blue River Partners

June 12, 2020

Financial Services

IQ-EQ has completed the acquisition of Blue River Partners, a U.S. provider of outsourced fund administration and middle-office services, expanding IQ-EQ’s footprint in the United States. The combined U.S. operation will total about 200 funds professionals and strengthens IQ-EQ’s capabilities in fund administration, compliance, tax, and IT/cybersecurity services for alternative asset managers.

IQ-EQ Acquires Greyline Partners

November 17, 2021

Professional Services

IQ-EQ, the investor services group, has acquired Greyline Partners, a U.S.-based governance and regulatory compliance provider. The deal expands IQ-EQ's U.S. capabilities and footprint—Greyline brings ~56 employees across six offices and complementary outsourced compliance, middle-office and finance services to IQ-EQ's alternative-asset client base.

Epiq Acquires First Watch Data Breach Solutions, LLC

October 6, 2025

Cybersecurity

Epiq has acquired First Watch Data Breach Solutions, LLC from First Watch Technologies to expand its cyber incident response and notification capabilities. The acquisition brings roughly 100 First Watch Data Breach Solutions employees into Epiq and broadens Epiq’s breach response, credit monitoring, call center, and notification services across North America, UK/EMEA, Australia and APAC.