Astorg portfolio company IQ-EQ has announced the acquisition of Gordian Capital, an institutional cross-border fund platform and solutions provider in Asia.
The transaction has received the necessary regulatory approvals from the Monetary Authority of Singapore and the Securities and Futures Commission of Hong Kong, and is anticipated to close soon, subject to standard closing conditions.
This move aims to enhance IQ-EQ’s service offerings to a diverse clientele, which includes global and regional asset managers, sovereign wealth funds, development finance institutions, family offices, and corporations involved in various investment strategies such as private equity, real estate, and hedge funds.
IQ-EQ Group CEO Mark Pesco said: “This acquisition represents a significant milestone in IQ-EQ’s growth strategy, further solidifying our strong market position in the Asia Pacific region.
“Asia has long been a key region for IQ-EQ, and the addition of Gordian Capital, alongside our recent acquisition of AMAL Group, underscores our commitment to expanding our presence and capabilities in this dynamic market.”
Founded in 2004 in the Cayman Islands and establishing a presence in Singapore in 2005, Gordian Capital operates with a team of 77 professionals across offices in Singapore, Tokyo, Hong Kong, Shanghai, and Melbourne.
The firm currently manages assets worth $17bn, with 96% sourced from institutional investors.
The acquisition will facilitate Gordian’s planned expansion into the Middle East, pending approval from the Dubai Financial Services Authority.
Mark Voumard, CEO and co-founder of Gordian, will continue to lead the firm and will integrate into IQ-EQ’s senior leadership team in Asia.
Gordian Capital will operate under its existing name as part of IQ-EQ until the second quarter of 2026, when it will undergo rebranding.
Voumard said: “I’m delighted to announce this game-changing deal, which we at Gordian feel is a perfect strategic fit for our business.
“We were attracted to IQ-EQ not just for its impressive market leadership but their firm wide focus on people and delivering best in class client service excellence sealed the deal.”
In May this year, IQ-EQ acquired South Watch from Everlane Equity Partners and key employee shareholders.
South Watch specialises in fund administration, outsourced CFO services, and tax preparation for hedge fund managers in the US and Cayman Islands.
“IQ-EQ acquires fund platform Gordian Capital” was originally created and published by Private Banker International, a GlobalData owned brand.
