Multi-family office Iconiq Capital, which serves several tech billionaires including Facebook co-founder Mark Zuckerberg, has established a new European unit.
The European arm, called Iconiq Capital (UK), was formed at the end of last year, Bloomberg reported citing Companies House filings.
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The report added that the company founder Divesh Makan is the majority stakeholder in the newly formed company. However, the move was not confirmed by the company.
According to the company website, Iconiq is a privately-held investment firm with nearly $54bn in assets under management.
The company was founded in 2011 and counts several Silicon Valley tech moguls as its clients.
Backed by companies such as Snowflake, Epic Games and online trading app Robinhood Markets, Iconiq primarily invests in start-ups across the world.
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By GlobalDataIn Europe, it has invested in fintech firm Adyen and Finnish food delivery startup Wolt.
The scope of its services also includes arranging real estate and private jet purchases, and tax planning and other financial and family office requirement.
Iconiq’s portfolio also includes pension funds such as the Canada Pension Plan Investment Board among its fund investors.
Earlier, Business Insider reported that Iconiq is currently seeking a new investment partner to supervise its European investments.
Last year, Dyal Capital Partners acquired around 6% stake in the company.
