IQ-EQ has bought a number of US businesses, such as Constellation Advisers and Concord Trust Company earlier this year.  

IQ-EQ has bought Greyline Partners, LLC, a US provider of governance and regulatory compliance solutions for private equity and venture capital funds, hedge funds and investors.

The acquisition follows those of Constellation Advisers and Concord Trust Company earlier this year.  At present, IQ-EQ in the US employs more than 500 people and intends to “significantly” grow this number in 2022, it said in a statement yesterday.

Founded in 2016, Greyline is a partner-led compliance services business headed up by managing partner, Matt Okolita. It employs 56 people across its six offices located in San Francisco, Dallas, New York, Chicago, Boston and London. Also part of Greyline is GCM Advisory, an outsourced chief financial officer, finance and accounting business launched earlier this year. 

The Greyline team provides a range of services including regulatory compliance; management consulting and governance; outsourced operations and middle office services; outsourced finance and accounting; and back-office services. 

“We quickly recognised in Greyline Partners a business that shares our high-touch service standards and successfully services its clients regulatory, operational and governance needs through dynamic, high-quality consulting and innovative use of technology. We liked what we saw and set our sights on making them part of our US ambitions. The acquisition of Greyline Partners marks another key milestone in our US growth strategy and brings with it significant potential to combine our collective expertise for the benefit of our clients and our employees not just in the US but group wide,” group executive chairman Serge Krancenblum, said. 

Among recent developments, IQ-EQ appointed Joanna Macleod as its new group chief operating officer.