Flexstone Partners picks IQ-EQ for fund administration
15 August 2023 UK
Image: greenbutterfly/stock.adobe.com
Private investment firm Flexstone Partners, an affiliate of Natixis Investment Partners, has appointed IQ-EQ to provide global fund administration and related services.
Flexstone will benefit from carry modelling services and access to IQ-EQ Cosmos, the company’s portfolio monitoring platform. This service offers investment data visualisation and real-time reporting across multiple asset classes.
To ease the transition process, 72 India-based employees from Flexstone’s previous global fund administration provider, MB Fund Administration, have transferred to IQ-EQ. The acquisition of this team, based in Delhi satellite city Noida, will ensure continuity of service for Flexstone, IQ-EQ says.
Flexstone holds more than US $10.1 billion in assets under management and advisory, and provides private equity, real estate, private debt and infrastructure solutions to more than 500 funds worldwide. The firm focuses on hard-to-access small- and mid-cap markets, and services with over 4000 portfolio companies.
Emma Crabtree, group chief commercial officer at IQ-EQ, says: “We’re thrilled to have secured this complex global deal with Flexstone. The legacy servicing team will not only significantly expand our growing Indian operations, but [their] in-depth experience working with Flexstone and dedication to service excellence will ensure we’re able to exceed expectations from day one. This is an important mandate for our business.”
Hans DeWitte, managing partner at Flexstone Partners, comments: “As Flexstone has continued growing — particularly in North America, Europe and Asia — we believe that IQ-EQ is the best partner to help take our business to new heights.
“We look forward to leaning on IQ-EQ’s expertise in global fund administration to allow us to [generate] strong and consistent returns for our investors.”
Flexstone will benefit from carry modelling services and access to IQ-EQ Cosmos, the company’s portfolio monitoring platform. This service offers investment data visualisation and real-time reporting across multiple asset classes.
To ease the transition process, 72 India-based employees from Flexstone’s previous global fund administration provider, MB Fund Administration, have transferred to IQ-EQ. The acquisition of this team, based in Delhi satellite city Noida, will ensure continuity of service for Flexstone, IQ-EQ says.
Flexstone holds more than US $10.1 billion in assets under management and advisory, and provides private equity, real estate, private debt and infrastructure solutions to more than 500 funds worldwide. The firm focuses on hard-to-access small- and mid-cap markets, and services with over 4000 portfolio companies.
Emma Crabtree, group chief commercial officer at IQ-EQ, says: “We’re thrilled to have secured this complex global deal with Flexstone. The legacy servicing team will not only significantly expand our growing Indian operations, but [their] in-depth experience working with Flexstone and dedication to service excellence will ensure we’re able to exceed expectations from day one. This is an important mandate for our business.”
Hans DeWitte, managing partner at Flexstone Partners, comments: “As Flexstone has continued growing — particularly in North America, Europe and Asia — we believe that IQ-EQ is the best partner to help take our business to new heights.
“We look forward to leaning on IQ-EQ’s expertise in global fund administration to allow us to [generate] strong and consistent returns for our investors.”
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