TR Capital, a secondary private equity fund manager based 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 an unspecified number of further mandates. TR Capital has offices in Hong Kong, Singapore, Shanghai, Shenzhen and Mumbai. Founded in 2007, the firm has so far closed four flagship funds, managed USD1.2bn of capital commitments and completed 39 secondary investments.
Colin Sau, managing partner of TR Capital, said: “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.”