IQ-EQ has announced the acquisition of Greyline Partners, a US provider of governance and regulatory compliance solutions for private equity, venture capital, hedge funds and investors.
According to IQ-EQ, the acquisition strengthens its position as a provider of outsourced business services to the alternative asset sector. The deal follows its acquisitions of US businesses Constellation Advisers and Concord Trust Company earlier this year.
Founded in 2016, Greyline is led by Managing Partner Matt Okolita and employs 56 staff across six offices 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.
IQ-EQ Group Executive Chairman Serge Krancenblum commented: “The acquisition marks another milestone in our US growth strategy and brings with it significant potential to combine our expertise for the benefit of our clients and our employees, not just in the US but group wide.”
IQ-EQ said it is working on an integration plan for the new business and will announce details at a later date.