IQ-EQ, the Luxembourg-based administrator, has completed the acquisition of Constellation Advisers LLC, a U.S.-based co-sourced and outsourced investment management services provider, following receipt of all necessary regulatory approvals. Constellation Advisers, which has 115 employees across six U.S. offices, provides customised solutions to a range of traditional and alternative investment management firms, including private equity, real estate, private credit, venture capital, hedge funds and family offices. This follows the 2020 acquisition of Blue River Partners LLC. Mark Fordyce, CEO of Blue River and IQ-EQ US Funds, will assume overall responsibility for the group’s expanded U.S. operations. Constellation Advisers’ co-founders, Boris Onefater and Greg Farrington, will assume the roles of chairman, global head of outsourced services, and president and head of outsourced services, Americas, respectively.
