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IQ-EQ appointed to administer TR Capital’s Fund V

19 Jan 2023

TR Capital, a highly regarded secondary fund manager in Asia, has selected IQ-EQ’s Hong Kong and Luxembourg teams to administer the Cayman and Luxembourg parallel structures of its new Fund V. In addition, TR Capital has since appointed IQ-EQ for a number of further mandates.

TR Capital is a secondary private equity investor based in the Asia-Pacific region with offices in Hong Kong, Singapore, Shanghai, Shenzhen and Mumbai. Founded in 2007, the firm has so far closed four flagship funds, managed US$1.2 billion of capital commitments and completed 39 secondary investments.

TR Capital specialises in secondary direct investments and fund restructurings, with focus on innovative and established leaders in the Technology, Next-Generation Consumer and Healthcare sectors across China, India and Southeast Asia.

Looking for a well-established provider with a solid reputation and technical expertise, TR Capital appointed IQ-EQ earlier this year to administer the Cayman and Luxembourg parallel structures for its new Fund V. This mandate involves both IQ-EQ Hong Kong and IQ-EQ Luxembourg, and the cross-border collaboration is being led by Clare Chang, Business Development Director for Funds in Hong Kong, and Riccardo Zorzetto, Client Relationship Director and Head of Private Equity in Luxembourg.

Colin Sau, Managing Partner of TR Capital, commented:

“In choosing a new administrator for our fifth flagship fund, our focus wasn’t just on finding a reputable, experienced firm but one that could showcase effective internal workflows with best-in-class technology solutions. IQ-EQ stood out for their responsiveness and the efficient coordination between their Hong Kong and Luxembourg teams. IQ-EQ not only showed themselves to have the service range and technical expertise we need, they crucially presented as a unified cross-border team. We’re already expanding IQ-EQ’s remit with us and are excited to see the results of our continued collaboration.”

Working with IQ-EQ has been seamless – you and your team understand our business, advise us appropriately, and handle your side of our collective partnership so that we can focus on making good investment decisions. Evan Gibson SVP, Merchants Capital

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