IQ-EQ Acquires Constellation Advisers LLC

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 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.

TZP Group Makes Strategic Growth Investment in Constellation Advisers

February 18, 2020

Financial Services

TZP Group (via TZP Small Cap Partners I, L.P.) made a significant strategic growth investment in Constellation Advisers, an outsourced and co‑sourced investment management services provider headquartered in New York. Constellation’s founders and senior management remain in place with meaningful retained equity, and the investment will be used to enhance the firm’s technology, processes, controls and human capital to support expanded institutional capabilities and client growth.

EQT Infrastructure VI Acquires Constellation Cold Logistics from Arcus Infrastructure Partners

June 24, 2024

Logistics & Distribution

EQT Infrastructure VI (managed by EQT) has agreed to acquire Constellation Cold Logistics from Arcus Infrastructure Partners. Constellation is a London-headquartered cold storage owner-operator with 26 large facilities across seven Western European and Nordic countries, ~700 employees and expected FY24 revenue above EUR 150 million; EQT will support further geographic expansion, consolidation and investments in automation and digital capabilities.

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

January 13, 2022

Financial Services

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.