Stone Point Capital, a private equity firm focused on investing in businesses within the global financial services industry, has made a minority growth investment in IEQ Capital, an independent wealth management firm and alternative investment services provider in the U.S. with over $18.3 billion in regulatory assets under management.
Founded in 2019, IEQ offers clients a combination of wealth advisory and family office services. In conjunction with organic growth, this partnership aims to drive IEQ’s focus on transforming traditional wealth management through a differentiated investment platform, idea origination and the ability to collaborate with its clients. Stone Point has been a lending partner of IEQ since 2021.
“As opportunity seekers, we continually look for ways to deepen our investment platform and enhance our family office client experience,” comments Alan Zafran, IEQ co-CEO and founder. “The partnership with Stone Point is an opportunity to advance these efforts, continue investing in technology and value-adding infrastructure, and to broaden our national footprint in service of our clients with support from a highly respected and deeply experienced team.”
Ardea Partners LP served as financial advisor and Paul Hastings LLP served as legal counsel to IEQ. Keefe, Bruyette & Woods also provided advice to IEQ. Sidley Austin LLP served as legal counsel to Stone Point.