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Blume Equity chooses IQ-EQ as fund administrator

Blume Equity, a European climate-tech growth investor, has appointed IQ-EQ for a full service scope to support its maiden fund launch.

In its mission to transform the health of the planet and people, Blume Equity partners with purpose-driven entrepreneurs who are tackling the climate emergency and creating a more sustainable world. The firm provides both financial and human capital to help these pioneering companies scale profitably with positive impact.

Although the firm, established in 2020, is a first-time fund manager, its three founding partners – Eleanor Blagbrough, Michelle Capiod and Clare Murray – each have extensive experience and an impressive track record in private equity and impact investing.

IQ-EQ Luxembourg will support the new fund with administration, depositary and ManCo services under AIFMD. The team will also provide the GP with a range of corporate services.

In addition, our UK business is providing regulatory hosting services, with Blume Equity as an appointed representative of the FCA-authorised IQ-EQ subsidiary, G10 Capital.

The firm will also benefit from IQ-EQ’s Launchpad programme, delivering tailored and added-value support to female first-time fund managers.

The opportunity to work with Blume Equity originated from the trusted and long-standing relationship between Blume’s founders and IQ-EQ director Emmanuelle Dotezac. Leading IQ-EQ’s service mandate is client relationship director Riccardo Zorzetto.

Commenting on IQ-EQ’s appointment, co-founding partner Michelle Capiod said:

“We chose to work with IQ-EQ for a number of reasons, including their commitment to supporting sustainability-focused managers and their highly commercial and entrepreneurial approach, working with the client’s needs in mind at all times. Above all, we appreciate their ability to partner with us across a range of areas, owing to their breadth of service offering. This, paired with their talented and highly responsive team, delivers a remarkably seamless experience for both GPs and LPs. We look forward to IQ-EQ’s continued support as we venture forth with our first fundraise.”

IQ-EQ is also pleased to be working closely with law firms Proskauer and Van Campen Liem, both advising Blume Equity on this fund launch.