IQ-EQ supports £63 million close of Ansor’s Ib fund

Ansor, an entrepreneurial private equity firm based in London, has successfully completed a first close of its second fund of £63 million of commitments, with comprehensive administrative, compliance and regulatory support provided by IQ-EQ.

IQ-EQ has been supporting Ansor since the launch of its first fund, Ansor Fund I, at the end of 2019.  Ansor Fund I is now fully deployed, having successfully closed at c.£65 million and completed 35 equity deals in five platform companies. IQ-EQ was further engaged for the launch of Ansor Ib (“AIb”) in August 2022. AIb has since completed six new deals using a combination of AIb equity and debt.

IQ-EQ’s client services team, led by director Sarah Argiropoulos, provides a full suite of services to Ansor across both funds, including fund administration, depositary, AML/KYC, and FATCA and CRS compliance. IQ-EQ’s Regulatory & Compliance Solutions team also provides Ansor with AIFM, Appointed Representative and FCA carry operator services via FCA-authorised subsidiaries G10 Capital Limited and Sapia Partners LLP.

With this support from IQ-EQ, AIb is now fully committed and closed to new investors. AIb will close on a total of £65 million of commitments, including £2 million reserved and committed to existing investors. Investors in AIb notably include all of Ansor Fund I’s investors plus a global specialist private equity asset manager. For more information on the funds and their investments, click here to read Ansor’s news release.

AIb has been advised by Travers Smith LLP, led by funds partner Jeremy Elmore.