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IQ-EQ supports Claret Capital Partners in successful spin-out

We are pleased to share the news that, with IQ-EQ’s support, Claret Capital Partners has completed the transaction by which it has spun out from Harbert Management Corporation (HMC).

HMC is a US-based investment management firm focusing on alternative assets, with approximately $7.4 billion in regulatory assets under management (as of 31 October 2020).

This transaction has seen Claret, a new company formed by David Bateman and Johan Kampe, assume full ownership and control of the general partners of Harbert European Growth Capital debt funds. HMC and its affiliates will remain as investors in two of the funds.

The principals of Claret have over 20 years’ experience in growth financing and have a shared track record over 200 companies. HMC and the Claret principals first formed Harbert European Growth Capital Fund I, LP in partnership in 2013. Since then, they have built one of the preeminent providers of venture and growth debt to SMEs in Europe, with over €400 million invested in over 120 European businesses and recognition as ‘Specialty Debt Provider of the Year’ in the 2019 Investor All-Stars Awards.

IQ-EQ, led by funds director Roxane Combe, has supported Claret’s new structure with full suite of fund services, including fund administration, depositary, GP and corporate services, appointed representative, AIFM and MiFID investment management.

This broad mandate involves both our UK and Luxembourg teams, including subsidiary Lawson Conner (G10 Capital) for the appointed representative services as well as delegated portfolio management from our IQ-EQ AIFM in Luxembourg.

Johan Kampe, Managing Partner of Claret Capital Partners, said of IQ-EQ:

“We’ve been familiar with IQ-EQ’s senior management for 15 years so the firm was a natural choice when we needed a partner who could deliver a complete array of services across multiple jurisdictions. The IQ-EQ team has been invaluable during our pre-launch phase, supporting us in every way imaginable and operating as an extension of our own team. We are most grateful to them for this and for their continued support.”

We look forward to working closely with Johan, David and the rest of the Claret team as they venture forth under their new brand and seek to launch further funds. Congratulations Claret!