IQ-EQ supports launch of Multiplicity Partners’ new fund

Having serviced Multiplicity Partners’ funds since 2017, IQ-EQ Jersey has now been appointed to provide a comprehensive suite of services to Multiplicity Partners’ new Jersey expert fund, LTO Fund III LP.

Multiplicity Partners AG is an investment boutique specialised in providing liquidity to holders of private market funds and distressed assets. Multiplicity Partners has been an active participant in the secondary market for fund interests and distressed assets since 2010. The team has successfully completed more than a hundred transactions across a wide range of illiquid and complex financial assets.

IQ-EQ, led by funds director Matthew Satchell in Jersey, will provide Multiplicity Partners’ new fund with central administration, regulatory, compliance, accounting, directorship, registered office, company secretarial and AIFM services.

Regulated in Jersey as an expert fund, LTO Fund III will target opportunistic investments across a broad range of illiquid financial assets globally (including but not limited to illiquid fund interests and distressed assets), with the objective of generating attractive risk-adjusted returns. It will focus on smaller transactions and situations that do not easily fit into traditional private equity, credit or secondary market strategies.

The fund is seeking to raise commitments up to a hard-cap of US$100 million and is aimed at sophisticated institutional investors.