IQ-EQ acquired Augentius, a leading fund administration business, enhancing its capabilities and positioning in the competitive financial services market.

Target Information

Augentius is a prominent fund administration firm headquartered in London, operating across more than 13 jurisdictions globally. Originally established as a specialized service provider for private equity funds, it has broadened its portfolio to encompass real estate, infrastructure, and various alternative assets. As of 2018, Augentius employed over 650 professionals and managed approximately 450 funds, amassing over $145 billion in assets under administration.

Founded in 2003, Augentius secured growth capital from Alcuin in 2006, acquiring a minority stake in the company. This initial investment facilitated the buyout of an original seed investor and provided essential resources for further expansion. At that time, the firm employed just 30 individuals and operated from two offices located in London and Guernsey, marking Alcuin’s investment as one of the pioneering private equity ventures within the fund administration sector.

Industry Overview in the UK

The fund administration industry in the UK has experienced significant evolution, driven by increasing complexity in financial regulations and the growing demands of institutional invest