IQ-EQ, a global investor services firm backed by private equity firm Astorg, has acquired Gordian Capital, Asia’s largest institutional cross-border fund platform, in a deal that boosts its reach across Asia-Pacific and strengthens its capabilities in serving global asset managers, sovereign wealth funds, development finance institutions, and notably, family offices.
The acquisition, which has secured regulatory approvals from the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission, positions IQ-EQ as a market leader in the region’s fund platform sector.
The transaction is expected to close shortly, with a full rebrand of Gordian Capital under the IQ-EQ name planned for the second quarter of 2026.
Gordian, established in the Cayman Islands in 2004 and Singapore in 2005, manages $17 billion in assets, 96% of which is institutional capital, and operates in Singapore, Tokyo, Hong Kong, Shanghai, and Melbourne.
The firm has launched 115 funds across strategies such as private equity, real estate, hedge funds, private credit, infrastructure, and long-only products. Family offices form a key part of its client base.
“The transaction allows us to offer our fund, corporate and family office clients globally a path to regulated market entry into Asia and, over time, the Middle East,” said Sridhar Nagarajan, IQ-EQ’s Regional CEO for Asia, the Middle East, and Africa.
He added that the deal enhances the firm’s ability to provide sophisticated structuring and operational capabilities for cross-border investments.
Targeting Family Offices
Family offices have increasingly sought direct access to private markets and regulated platforms across Asia, particularly as they diversify portfolios beyond traditional assets.
The acquisition gives IQ-EQ a foothold in a segment that demands personalized, high-touch service combined with institutional-grade infrastructure.
Gordian’s existing relationships with ultra-high-net-worth clients and multi-family offices, especially those investing across alternative asset classes, are seen as a strategic asset for IQ-EQ as it scales its service offerings to private wealth clients globally.
Mark Voumard, Gordian’s co-founder and CEO, will remain with the business and take on a new role as Head of Fund Platforms and Solutions for Asia and the Middle East at IQ-EQ.
“This is a perfect strategic fit. Our family office clients will continue to receive the same high-touch, personalized service, now backed by a global platform,” Voumard said.
Background and Strategy
The acquisition continues IQ-EQ’s expansion strategy following its 2016 buyout by Astorg and the 2022 close of a €1.3 billion continuation fund to finance further growth.
IQ-EQ has been acquiring businesses in key markets, including AMAL Group in Australia, to build out its Asia-Pacific footprint.
The fund administration sector has become increasingly competitive as demand grows for cross-border structuring, regulatory compliance, and investor servicing across private markets.
Platforms that can navigate multi-jurisdictional regulatory frameworks are in high demand, particularly from family offices, who require discretion, speed, and tailored solutions.
IQ-EQ now operates in 25 jurisdictions with nearly 6,000 staff, and the addition of Gordian is expected to deepen its capabilities in Asia’s three financial hubs: Singapore, Hong Kong, and Tokyo.
Financial terms of the deal were not disclosed.
Family Office News Asia