Astorg-backed IQ-EQ has bought investment management services provider Constellation Advisers LLC. The acquisition follows IQ-EQ’s purchase of Blue River Partners LLC last year.
“This latest transaction represents yet another significant milestone made possible by the ongoing investment in our US operations and takes us one step closer to realising 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 US expansion plans.” says IQ-EQ group executive chairman Serge Krancenblum.
The integration of Constellation strengthens IQ-EQ’s position as a service provider to the niche community of alternative asset managers. Seward & Kissel LLP is representing Constellation co-founders Boris Onefater and Greg Farrington.