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January 5, 2021updated 06 Jan 2021 1:12pm

IQ-EQ snaps up investment management services provider Constellation Advisers

By Patrick Brusnahan

IQ-EQ has finished its acquisition of Constellation Advisers, a US-based investment management services provider.

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Furthermore, the process to integrate Constellation Advisers into IQ-EQ will begin immediately.

This deal follows IQ-EQ’s purchase of Blue River Partners in 2020.

Constellation Advisers provides customised solutions to a range of firms including private equity, real estate, private credit, venture capital, hedge funds, and family offices.

It also employs 115 professionals across six US offices. Seward & Kissel LLP represented Boris Onefater and Greg Farrington, the co-founders of Constellation Advisers, in connection with this transaction

IQ-EQ Group Executive Chairman Serge Krancenblum said: “I’m delighted to start 2021 on such a hugely positive note and to welcome Boris, Greg and the rest of the Constellation Advisers team to IQ-EQ. This latest transaction represents yet another significant milestone made possible by the ongoing investment in our U.S. operations and takes us one step closer to realizing our longer term commercial ambitions in the region. Constellation Advisers’ sector expertise and singular focus on delivering client service excellence make them a strong and natural fit for our business and an important part of our U.S. expansion plans.”

Mark Fordyce, CEO Blue River and IQ-EQ U.S. Funds, added: “The acquisition of Constellation Advisers enhances IQ-EQ’s position in outsourced and co-sourced back-office solutions for the U.S. alternative asset industry. The addition of the 100+ Constellation Advisers team brings the total U.S. headcount to more than 320, giving the combined firm increased scale and presence in all key financial markets across the U.S. and the ability to successfully leverage the depth and strength of the entire IQ-EQ Group operating across all of our 23 strategic jurisdictions around the globe. I look forward to working closely with Boris and Greg and building the premier service provider to the U.S. alternative asset industry.”

Commenting on this transaction, Boris Onefater, Constellation Advisers CEO, said: “Greg and I along with the entire Constellation management team are delighted to join the IQ-EQ family. Our two firms share the same entrepreneurial spirit and we look forward to working with Blue River here in the United States and IQ-EQ globally to help our clients meet their objectives not only in the U.S., but around the world.”

Free Report
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Benchmark your strategies for targeting the HNW market against your competitors

Even as professionals and entrepreneurs constitute the largest segments within the global HNW market, there are notable differences in terms of investor proclivities such as investment behavior, risk and channel preferences, as well as loyalty, calling for differentiated servicing strategies. Our recent report, HNW Investor Targeting Strategies, is based on our proprietary Global Wealth Managers Surveys, and will help you to:
  • Understand the size and service requirements of key client groups.
  • Develop and enhance your client targeting strategies using our proprietary data on the effectiveness of various strategies across key groups.
  • Minimize customer churn rates by gaining a detailed understanding about key client groups’ diverging proclivities and investment preferences.
  • Tailor your product portfolio to match demand patterns across the segments discussed.
Download the full report to understand what to expect and how to align your business for success.
by GlobalData
Enter your details here to receive your free Report.

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