Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

JTC Acquires Essential Fund Services in New York.

Document Cited in Related
Vincent

MANews-(C)2009-2021

US-based professional services business JTC has acquired New York-headquartered Essential Fund Services as the firm continues to add further scale in the key US growth market, the company said.

EFS offers a range of services in the alternative assets space, including accounting, reporting and administrative services to investment partnerships and their investment managers.

The acquisition of EFS is complementary to JTC's recent acquisition of SALI Fund Services, with EFS being one of the leading independent providers of fund accounting services to the Insurance Dedicated Fund market, where SALI is the established market leader.

The transaction will enable greater collaboration between the firms and a more integrated offering for IDF clients generally, the company said.

More broadly, EFS will enhance JTC's fund services presence in the US, providing additional scale and growth opportunities to complement its expanding US footprint.

EFS currently provides services to 45 clients across 110 investment partnerships and has approximately USD 5.5bn of Assets under Administration, while its wider client book, primarily located in the Greater New York Region, provides further diversity to JTC's Institutional Client Services client base in the US.

...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT