Astorg portfolio company IQ-EQ has announced the purchase of Gordian Capital, an institutional cross-border fund platform and fund solutions provider in Asia.
The deal has secured clearances from the Monetary Authority of Singapore and the Securities and Futures Commission of Hong Kong, and is anticipated to close soon, contingent on the fulfilment of standard closing conditions.
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Gordian Capital caters to a diverse clientele, which includes global and regional asset managers, sovereign wealth funds, development finance institutions, family offices, and corporates.
IQ-EQ Group CEO Mark Pesco said: “This acquisition represents a significant milestone in IQ-EQ’s growth strategy, further solidifying our strong market position in the Asia Pacific region.
“Asia has long been a key region for IQ-EQ, and the addition of Gordian Capital, alongside our recent acquisition of AMAL Group, underscores our commitment to expanding our presence and capabilities in this dynamic market.”
Founded in 2004 in the Cayman Islands and establishing a presence in Singapore in 2005, Gordian Capital operates with a team of 77 professionals across offices in Singapore, Tokyo, Hong Kong, Shanghai, and Melbourne.
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By GlobalDataThe firm currently manages assets worth $17bn, with 96% sourced from institutional investors.
Mark Voumard, CEO and co-founder of Gordian, will continue to lead the firm and will integrate into IQ-EQ’s senior leadership team in Asia.
Gordian Capital will operate under its existing name until the second quarter of 2026, when it will rebrand as IQ-EQ.
Voumard said: “I’m delighted to announce this game-changing deal, which we at Gordian feel is a perfect strategic fit for our business.
“We were attracted to IQ-EQ not just for its impressive market leadership but their firm wide focus on people and delivering best in class client service excellence sealed the deal.”
In May this year, IQ-EQ acquired South Watch from Everlane Equity Partners and principal employee shareholders.
South Watch focuses on fund administration, outsourced CFO services, and tax preparation for hedge fund managers in the US and Cayman Islands.
