IQ-EQ

What IQ-EQ does

IQ-EQ is a privately held, Luxembourg-headquartered global investor services group providing fund administration, depositary and AIFM services, regulatory compliance (AML/KYC, AIFMD reporting), corporate administration, family office services, and securitisation and SPV management to institutional clients across 27 jurisdictions. The group is owned by private equity firm Astorg, which acquired the business in 2016 and is preparing to exit via a sale process with approximately EUR 2 billion of debt financing arranged for bidders (as of January 2026).

The firm's service delivery rests on a director-led model in which each senior team member has a minimum of 20 years' financial services experience, supported by proprietary technology platforms including MaxComply (digital onboarding, ongoing KYC monitoring, sanctions screening and compliance workflows), IQ-EQ Connect (secure client data portal with two-factor authentication) and Cosmos (data visualisation and analytics layer). Large Global Capability Centres in GIFT City (India) and Pasig City (Philippines) provide 24/7 operational scale, and the firm holds ISO 27001 information security accreditation at major sites.

IQ-EQ generates recurring subscription-style revenue from fund administration and regulatory hosting fees, complemented by transaction-based structured finance and corporate secretarial work. Growth has been driven primarily by an aggressive roll-up strategy under Astorg ownership, including recent acquisitions of Gordian Capital (Asia, 2025), AMAL Group (Australia/New Zealand, 2025), and Zenith Global (Italy, 2026), expanding the group's regulated entity count and adding several thousand employees, including a large hub in India. The customer base spans hedge funds, private equity and real asset managers, family offices, sovereign wealth funds, corporates, and capital markets participants, with named clients including Merchants Capital, F5 Inc. and LT Capital.

Name

IQ-EQ

Legal name

IQ EQ Holdings S.A.

Website

https://iqeq.com

Company type

Private

Founded year

1896

Operating status

Operating

Headcount range

101–250 employees

Short description

IQ-EQ is a Luxembourg-headquartered, Astorg-backed global investor services group providing fund administration, depositary, AIFM, regulatory compliance and corporate administration across 27 jurisdictions to fund managers, asset owners and capital markets clients.

Ownership category

akta.pro rank

Product category

Fund Administration and Investor Services

NAICS

Other Scientific and Technical Consulting Services (54169), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Finance Services (6199), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Data Analytics & Business Intelligence Services (BPAHALAC)

Keywords

• Fund administration services
• Regulatory compliance services
• Depositary services
• Corporate administration services
• Asset servicing solutions

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices24 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Fund Administration Services: Recurring administration fees for managing and administering investment funds including hedge funds, private equity funds, real asset funds, and hybrid/evergreen structures. Services include accounting, NAV calculation, investor reporting, and transfer agency.
2. Regulatory Compliance Services: Fees for AML/KYC services, regulatory compliance consulting, AIFM services, depositary services, and regulatory hosting platforms. Services include ongoing compliance monitoring, regulatory reporting, and governance support.
3. Corporate Administration Services: Corporate secretarial, directorships, entity management, and global corporate structure administration services for financial institutions and corporations.
4. Capital Markets and Structured Finance Services: Services for securitisation, SPV management, CLO services, loan services, and aviation leasing finance. Includes transaction-based work for capital markets structures.
5. Professional Services: CFO support services, middle office support, data services, tax and audit support, and outsourcing services for asset owners and managers.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

IQ-EQ is a multi-jurisdictional global investor services group providing fund administration, AIFM and depositary services, regulatory compliance (AML/KYC), corporate administration, entity management, asset servicing, securitisation and SPV management, ESG, and family office/advisory services to fund managers, asset owners, and capital markets clients across 27 jurisdictions. Service delivery is supported by proprietary platforms MaxComply, IQ-EQ Connect, and Cosmos, and is executed through locally regulated entities (FCA, CIMA, AMF, CSSF, JFSC, AFM, DFSA, FSRA).

Product overview

IQ-EQ is a global investor services group offering a comprehensive suite of fund administration, compliance, and corporate services to fund managers, asset owners, and capital markets participants across 27 jurisdictions. The firm's digital product portfolio includes MaxComply (a compliance automation platform for automated KYC/AML onboarding and ongoing monitoring), IQ-EQ Connect (a client-facing portal for secure access to fund data and administration services), and Cosmos (a platform component for data visualisation and analytics in KYC/AML delivery). Complementing these platforms, IQ-EQ provides fund administration, AIFM and depositary services, regulatory compliance, ESG services, asset servicing, corporate administration, securitisation and SPV management, technology services (including data connectivity and outsourcing), and family office services. The offering is structured around three client segments: Fund and Asset Managers (hedge funds, private equity, real assets, open-ended funds), Asset Owners (family offices, institutional investors, sovereign wealth funds), and Debt, Capital Markets and Corporate clients.

Differentiator

Problem solved

Functional benefit

Brands

• IQ-EQ Switch: A service offering by IQ-EQ for fund and asset managers.
• MaxComply
• MaxComply
• G10 Capital
• Sapia Partners

Products and services

• Fund Administration Services Comprehensive fund administration covering accounting, NAV calculation, transfer agency, and investor reporting for hedge funds, private equity, real assets, and open-ended fund structures.
• Alternative Investment Fund Manager (AIFM) Services Alternative Investment Fund Manager (AIFM) services providing portfolio management, risk management, and regulatory hosting for fund managers under the AIFMD framework.
• Depositary Services Depositary services for alternative investment funds providing asset safekeeping, oversight, and regulatory compliance under AIFMD.
• Regulatory Compliance Services Regulatory compliance support including AML/KYC services, regulatory reporting, AIFMD Annex IV reporting, and compliance advisory across multiple jurisdictions.
• AML and KYC Services AML and KYC services including investor screening, ongoing monitoring, and regulatory reporting across multiple jurisdictions.
• Asset Servicing Custody, banking, treasury, and portfolio monitoring services for asset owners including family offices, sovereign wealth funds, and institutional investors.
• Global Entity Management Solutions Global entity management for corporate structures providing corporate administration, company secretarial, directorship services, and global entity structuring across 27 jurisdictions.
• Securitisation Services Securitisation services including SPV management, CLO administration, loan services, and structured finance administration for debt and capital markets clients.
• Special Purpose Vehicle (SPV) Management Services Special Purpose Vehicle (SPV) management and administration across jurisdictions for structured finance, securitisation, and capital markets clients.
• Collateralised Loan Obligations (CLO) Services Collateralised loan obligations (CLO) administration and reporting services for structured credit.
• Aviation Leasing and Finance Services Aviation leasing and finance administration services supporting aircraft leasing structures globally.
• Loan Services Loan services for debt administration, reporting, and ongoing loan portfolio servicing.
• Corporate Administration Services Corporate administration, company secretarial, directorships, and global corporate structure administration services for asset owners and corporate clients.
• ESG Services Environmental, Social and Governance advisory and reporting services helping clients meet sustainability disclosure requirements and ESG data collection obligations.
• CFO Support Services CFO support and middle office support services, including data services, tax and audit support, and outsourcing for asset owners and managers.
• Outsourcing Outsourcing services covering middle and back office operational support for asset owners and managers.
• Data Services Data services for investor reporting, portfolio monitoring, regulatory disclosures, and analytics across multiple jurisdictions.
• Family Office Services Bespoke administration and governance services for single and multi-family offices, including trust administration, foundation management, and luxury asset servicing for ultra-high-net-worth individuals.
• Foundation and Trust Administration Services Foundation and trust administration services supporting families, endowments, foundations, and asset owners.
• Luxury Assets Services Luxury assets services including yachting and aviation administration and advisory for ultra-high-net-worth individuals and family offices.
• IQ-EQ Switch IQ-EQ Switch is a service offering enabling efficient transfer between fund structures for fund and asset managers.
• Banking and Treasury Banking and treasury services including cash management, payments, and treasury operations for corporate and asset owner clients.
• Portfolio Monitoring and Reporting Portfolio monitoring and reporting services across asset classes, supporting both fund managers and asset owners.

Quantifiable outcome

• Global reach across 27 jurisdictions enabling 24/7 service delivery
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Partnerships

Two partnerships are on record, tiered minor.

• Eden Reforestation ProjectsminorOthers · 20 July 2022IQ-EQ partnered with Eden Reforestation Projects committing to donate funds on an annual basis to plant trees. Eden works alongside local communities to produce, plant, and protect trees, creating jobs to support them in restoring their environment and economy long-term.
• Reef ConservationminorOthers · 18 June 2022Mauritius team partnered with Reef Conservation NGO to celebrate World Environment Day and World Oceans Day. 85 colleagues volunteered for beach clean-up and marine ecosystem education activities.

Scale indicators10 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• Waystone: Leading European fund governance and administration platform with comparable service lines including AIFM, depositary, and regulatory hosting. Waystone competes directly with IQ-EQ in the Irish and Luxembourg fund administration markets and in the UK appointed representative / regulatory hosting space.
• Sanne Group: UK-listed (now part of Apex Group) alternative asset and corporate services administrator. Sanne historically competed with IQ-EQ in fund administration, depositary, and corporate services across UK, Jersey, and other Crown Dependencies before consolidation into Apex.
• Intertrust: Global corporate services and fund administration provider now owned by CSC, operating across 30+ jurisdictions. Intertrust competes with IQ-EQ's SPV management, corporate administration, and fund services offerings, particularly for structured finance and capital markets clients.
• TMF Group: Global corporate services and fund administration provider operating in 80+ jurisdictions. TMF competes with IQ-EQ's Corporate Administration, Fund Services, and SPV management offerings, particularly for multinational corporate clients and emerging market fund structures.
• JTC Group: Global fund administration, corporate services, and private client services firm with comparable cross-border capabilities. JTC competes with IQ-EQ in fund administration, depositary, and family office services across Jersey, Guernsey, Luxembourg, and other key IQ-EQ jurisdictions.
• Citco: Established global fund administrator with strong hedge fund and private equity fund administration heritage. Citco competes directly with IQ-EQ's fund administration, depositary, and corporate services offerings, particularly for institutional alternative asset managers.
• Apex Group: The largest direct peer: a global fund administration, depositary, and corporate services platform operating across 50+ jurisdictions with several thousand employees in India Global Capability Centres. Both firms compete head-to-head in cross-border fund administration for hedge funds, PE, and real asset managers.
• Maples Group: Cayman Islands-headquartered global fund administration, legal, and fiduciary services provider. Maples competes with IQ-EQ's Cayman fund services and corporate administration, plus broader depositary and regulatory services across the same offshore fund formation jurisdictions.

Broad incumbents

• SS&C Technologies: Large publicly-traded financial services software and services company with a major fund administration business (SS&C GlobeOp). As a much larger incumbent, SS&C competes on scale, proprietary technology, and pricing in fund administration while offering adjacent transfer agency and middle office software.
• CSC (Corporation Service Company): Major US-headquartered corporate services provider with global expansion via Intertrust acquisition. CSC competes with IQ-EQ's corporate administration, SPV management, and global entity management services, with particular strength in US corporate compliance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/IQEQGroup
• LinkedInlinkedin.com/company/iq-eq
• Instagraminstagram.com/insideiqeq
• TikToktiktok.com/@insideiqeq
• Xx.com/IQEQ_Group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IQ-EQ