IQ-EQ completes Blue River Partners acquisition
15 June 2020 London
Image: DGuestSmith/Shutterstock
IQ-EQ has completed the acquisition of Blue River Partners, the US based provider of outsourced solutions to alternative asset managers, following receipt of all necessary regulatory approvals.
IQ-EQ partnered with Blue River earlier this year to combine US operations between IQ-EQ and Blue River. The complete acquisition of Blue River marks IQ-EQ's latest strategic acquisition, the first in the US funds private equity and hedge fund services space.
The newly combined IQ-EQ US operation brings together a team of 200 funds professionals servicing more than 500 clients across the US from its seven office locations: Dallas, Fort Worth, Houston, Austin, New York City, Chicago and San Francisco.
With immediate effect Mark Fordyce, CEO and founding partner of Blue River Partners, will assume the role of CEO Blue River Partners, part of IQ-EQ.
Fordyce will oversee the 200 strong US operation and will take up his position as part of the group’s executive leadership team.
Meanwhile, fellow Blue River founding partner, Michael Minces and IQ-EQ’s group CEO Mark Pesco and IQ-EQ’s group head of funds, Justin Partington, will join him on the board of the US business.
Speaking on the completion of the deal, IQ-EQ group CEO Mark Pesco commented: “This deal marks a significant milestone for the IQ-EQ team and another important step in our long-term strategic growth plan. Blue River’s entrepreneurial approach and clear commitment to delivering client service excellence make them a natural fit and an important part of our future US expansion plan.”
Mark Fordyce, CEO Blue River Partners, part of IQ-EQ, added: “We are excited to join forces with IQ-EQ and look forward to our journey ahead. With our combined capabilities, we are perfectly positioned to provide global services and added scale to our clients, within and outside of the US The opportunities available to our people, our business and our clients are significant and we look forward to making a lasting and positive impact on the alternative asset industry.”
IQ-EQ will retain the Blue River Partners brand and continue to market its services in the US as ‘Blue River Partners, part of IQ-EQ’.
IQ-EQ partnered with Blue River earlier this year to combine US operations between IQ-EQ and Blue River. The complete acquisition of Blue River marks IQ-EQ's latest strategic acquisition, the first in the US funds private equity and hedge fund services space.
The newly combined IQ-EQ US operation brings together a team of 200 funds professionals servicing more than 500 clients across the US from its seven office locations: Dallas, Fort Worth, Houston, Austin, New York City, Chicago and San Francisco.
With immediate effect Mark Fordyce, CEO and founding partner of Blue River Partners, will assume the role of CEO Blue River Partners, part of IQ-EQ.
Fordyce will oversee the 200 strong US operation and will take up his position as part of the group’s executive leadership team.
Meanwhile, fellow Blue River founding partner, Michael Minces and IQ-EQ’s group CEO Mark Pesco and IQ-EQ’s group head of funds, Justin Partington, will join him on the board of the US business.
Speaking on the completion of the deal, IQ-EQ group CEO Mark Pesco commented: “This deal marks a significant milestone for the IQ-EQ team and another important step in our long-term strategic growth plan. Blue River’s entrepreneurial approach and clear commitment to delivering client service excellence make them a natural fit and an important part of our future US expansion plan.”
Mark Fordyce, CEO Blue River Partners, part of IQ-EQ, added: “We are excited to join forces with IQ-EQ and look forward to our journey ahead. With our combined capabilities, we are perfectly positioned to provide global services and added scale to our clients, within and outside of the US The opportunities available to our people, our business and our clients are significant and we look forward to making a lasting and positive impact on the alternative asset industry.”
IQ-EQ will retain the Blue River Partners brand and continue to market its services in the US as ‘Blue River Partners, part of IQ-EQ’.
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