IQ-EQ, the Luxembourg-based administrator, has acquired Blue River Partners, a U.S. provider of fund services to alternative asset managers. The newly combined IQ-EQ U.S. operation will total 200 people in the U.S. as a result of this transaction. Founded in 2009, Blue River services more than 400 clients across the U.S. and employs approximately 180 team members across its seven office locations. The firm provides fund administration to private equity funds; fund operations, middle office and outsourced CFO services to hedge funds; management company operations services; and regulatory compliance solutions across all advisory structures. Blue River’s founding partners, Mark Fordyce, CEO, and Michael Minces, president, will assume the leadership of IQ-EQ’s U.S. operations.
