Astorg-Backed Continuation Fund Acquires IQ-EQ with Commitments from AlpInvest and Goldman Sachs Vintage Funds

IQ-EQ (Astorg-backed) Acquires Davy Global Fund Management

July 22, 2021

Financial Services

IQ-EQ, backed by private equity firm Astorg, has agreed to acquire Davy Global Fund Management (DGFM) from Davy Group, subject to regulatory approval, with completion expected by end of 2021. The deal brings DGFM’s fund management and Real Estate ManCo capabilities into IQ-EQ’s Irish business (DGFM will rebrand to IQ-EQ) and expands IQ-EQ’s fund administration, corporate administration and portfolio management scale in Ireland.

IQ-EQ Acquires Gordian Capital

July 22, 2025

Financial Services

IQ-EQ, the Astorg-backed investor services group, has acquired Gordian Capital, a leading Asia-focused cross-border fund platform. The deal brings Gordian's institutional fund platform capabilities and regional teams into IQ-EQ's global investor services network, strengthening its presence across Asia Pacific and supporting planned Middle East expansion.

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 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.

IQ-EQ Acquires South Watch LLC

May 20, 2025

Professional Services

IQ-EQ, an Astorg portfolio company, has acquired South Watch LLC, a boutique U.S. fund administration and outsourced CFO/tax services provider, from majority owner Everlane Equity Partners and principal employee shareholders. The deal expands IQ-EQ's footprint in the Boston market and brings the South Watch partners into IQ-EQ's U.S. leadership for liquid funds and fund administration.