Continuing a trusted relationship since 2020, IQ-EQ is providing full fund administration support for Expedition’s latest growth equity vehicle targeting European software leaders.
We’re proud to announce our role as fund administrator for the launch and successful close of Expedition Growth Capital Fund III, which reached its hard cap of €325 million in commitments from a diverse base of institutional investors. This achievement marks the continuation of a strong partnership that began in 2020, with us having supported Expedition since its inception and assisted with the closing and administration of Funds I and II.
Expedition Growth Capital is a next-generation growth equity firm focused on backing ambitious, bootstrapped European software companies with investments typically ranging from €10 million to €30 million. Fund III will enable Expedition to further its strategy of providing growth capital and operational expertise to founders seeking to scale globally while maintaining cultural alignment and integrity.
The Fund’s legal advisers were Macfarlanes (UK) and Carey Olsen (Jersey), whose expertise ensured a smooth and efficient process throughout the launch and closing phases.
Matthew Satchell, Expedition’s Senior Client Relationship Director at IQ-EQ, commented:
“We’re delighted to have supported Expedition Growth Capital on the launch and close of their latest fund, Expedition Growth Capital Fund III. Having worked in partnership with Expedition since their inception and assisted with the closing and administration of all previous funds, this milestone reflects the strength of our collaboration and shared commitment to excellence. We look forward to continuing to support Expedition as they pursue their growth strategy.”
Oliver Thomas, Founder and Managing Partner of Expedition Growth Capital, said:
“We’re grateful to Matt and the team at IQ-EQ who have been an important partner for Expedition since Fund I in 2020. Their support has been invaluable across all our funds but particularly shone through on Fund III, where they helped us reach our hard cap in a single close on an ambitious timeline.”
