March 11, 2016 | Press Release
HQ Capital’s Private Equity and Real Estate business to move to one office location in New York
New York, March 11, 2016 – HQ Capital today announced that its US-based Private Equity and Real Estate business units will move to a new joint office location in New York. The move into shared space is expected to encourage closer collaboration within the company, create additional potential synergies and promote future growth.
In the upcoming days, approximately 40 employees comprising HQ Capital’s US Private Equity team will join together with the more than 40 employees of the Real Estate business in the new joint office at 1290 Avenue of the Americas. With this move, HQ Capital will continue to execute on its strategy to more closely align its business segments to better capitalize on growth opportunities.
“By sharing an office, resources and ideas, our two business units will mutually benefit from each other’s knowledge and expertise,” said Dr. Ernest Boles, Chief Executive Officer of HQ Capital. “As a result, we expect to unlock new synergies in our support functions and more efficiently target joint projects.”
In the fall of 2015, HQ Capital merged its three business lines, private equity, real estate and direct investments in Europe, under one brand, creating a leading global independent alternative investment manager with currently US$12 billion assets under management.