IQ-EQ has completed its acquisition of Blue River Partners, the US-based provider of outsourced solutions to alternative asset managers.
The acquisition, announced in February, is the group’s first in the US funds private equity and hedge fund services sector.
The newly combined operation brings together 200 professionals servicing more than 500 clients across seven locations – Dallas, Fort Worth, Houston, Austin, New York City, Chicago and San Francisco – significantly strengthening IQ-EQ’s presence in the US.
IQ-EQ will retain the Blue River Partners brand and market its services in the US as ‘Blue River Partners, part of IQ-EQ’.
Mark Fordyce, CEO and Founding Partner of Blue River Partners, will become CEO of Blue River Partners, part of IQ-EQ.
Fellow Blue River Founding Partner Michael Minces will join him on the board of the US business, along with IQ-EQ Group Chief Executive Officer Mark Pesco and IQ-EQ Group Head of Funds Justin Partington.
Integration of the two businesses will begin immediately.