IQ-EQ, the Luxembourg-based provider of corporate and fund services, has supported the spin-out of Claret Capital Partners from Harbert Management Corporation, a U.S.-based manager focused on alternative assets, with approximately USD7.4bn AuM. This transaction sees Claret assume full ownership and control of the general partners of Harbert European Growth Capital debt funds, with >EUR400m (USD470m) AuM. HMC and its affiliates will remain as investors in two of the funds. IQ-EQ has supported Claret’s new structure with services including fund administration, depositary, GP and corporate services, appointed representative, AIFM and MiFID investment management.
