IQ-EQ has acquired JGM Fund Services (JGM) as part of an effort to expand its presence in the US.
JGM provides fund administration and tax services for alternative investors, and specialises in real estate and private equity.
Through the mandate, IQ-EQ will gain JGM employees’ expertise around fund and asset managers, private and institutional investors, and debt, capital markets, and corporates.
After the acquisition of JGM, IQ-EQ will have offices in 12 locations across eight US states.
Ben Jamron, managing partner at JGM, says: “We have observed IQ-EQ to be a business with market ambition to be universally recognised as the leading provider of outsourced solutions for alternative asset managers in the United States. Our service model will remain the same, our people [will] have growth opportunities, and our clients will have access to a much broader range of services both here in the US and globally.”
Mark Fordyce, CEO of the Americas at IQ-EQ, adds: “We believe the strong relationships the JGM’s managing partners have with fast growing specialist real estate and private equity managers will contribute significantly to our global business.”
