FRANKFURT, Germany—The HQ Group says it will combine its private equity and real estate businesses under the HQ Capital brand. The move will create a leading global independent alternative investment manager, with more than $12 billion under management in private equity and real estate.

As part of the rebranding, Auda, the private equity firm, and Real Estate Capital Partners, the real estate investment company, will operate under the new HQ Capital brand. Equita, the mid-cap buyout firm, will become a subsidiary of HQ Capital and be renamed HQ Equita.

“We have been investing in alternative assets for over 25 years, which makes us one of the pioneers in our industry,” said Ernest Boles, chief executive officer of HQ Capital. “Our clients appreciate our experience and stability as well as the entrepreneurial perspective we bring to investing. By combining our resources under a single operating structure, we will create a broader investment program and service platform for our clients, while at the same time generating new growth opportunities for our firm.”