IQ-EQ, a leading investor services group headquartered in Luxembourg, has announced the acquisition of Greyline Partners, LLC, an industry leading US provider of governance and regulatory compliance solutions for private equity (PE), venture capital (VC), hedge funds and investors.
This acquisition helps position IQ-EQ as a leading provider of outsourced business services to the alternative asset industry in the United States. According to the investor services group, Greyline's diversified client base, including wealth advisory and broker dealer clients, complements IQ-EQ's shared client focus on alternative asset managers and investors.
Today, IQ-EQ US employs more than 500 people with plans to significantly grow this number in 2022 owing to its strong business performance in the US market. This latest acquisition follows those of Constellation Advisers and Concord Trust Company earlier this year.
Founded in 2016, Greyline is a partner-led compliance services business headed up by Managing Partner, Matt Okolita, employing 56 people across its six offices located in San Francisco, Dallas, New York, Chicago, Boston and London. Also part of Greyline is GCM Advisory, an outsourced CFO, Finance and Accounting business launched earlier this year.
On announcing this acquisition, Serge Krancenblum, Group Executive Chairman of IQ-EQ, commented: "We quickly recognised in Greyline Partners a business that shares our high touch service standards and successfully services its clients regulatory, operational and governance needs through dynamic, high-quality consulting and innovative use of technology. [...] The acquisition of Greyline Partners marks another key milestone in our US growth strategy and brings with it significant potential to combine our collective expertise for the benefit of our clients and our employees not just in the US but group wide".
Matt Okolita, Managing Partner of Greyline Partners, LLC, added: "This acquisition allows us to continue on our journey of building the premier outsourced business services platform and grants our clients access to a hugely increased range of services across the global markets. As Greyline Partners, LLC we've focused on developing a culture and product that has led to tremendous success and now it's time to achieve even more as part of IQ-EQ Group".