JTC Acquires New York-headquartered Essential Fund Services

JTC Acquires NES Financial

April 2, 2020

Financial Services

JTC Group has agreed to acquire NES Financial (NESF), a US-based technology-enabled fund administration business, subject to regulatory approvals. The deal provides JTC with a US platform (Boston operations and San Jose technology centre), expands its Institutional Client Services presence in the United States and adds NESF's fund administration and technology capabilities.

JTC PLC Acquires SALI Fund Services

November 18, 2021

Financial Services

JTC PLC has acquired SALI Fund Services, a US-based provider of fund administration services for Insurance Dedicated Funds (IDFs) and Separately Managed Accounts (SMAs), headquartered in Austin, Texas. The transaction represents a full exit for Long Ridge Equity Partners' Fund II investment and advances JTC's strategy to strengthen its presence in the United States and expand its insurance-related service capabilities.

JTC plc Acquires INDOS Financial

February 15, 2021

Financial Services

JTC plc has acquired INDOS Financial, a specialist provider of depositary, AML and ESG oversight services for alternative investment funds. The bolt-on acquisition adds technical capabilities and scale in the UK and Ireland to JTC’s Institutional Client Services division and will integrate INDOS’ team into the JTC platform.

JTC Acquires New York Private Trust Company (NYPTC)

November 1, 2022

Financial Services

JTC Group has completed the acquisition of New York Private Trust Company (NYPTC), a Delaware‑chartered non‑deposit trust company that provides fiduciary, trust and estate administration services to high‑net‑worth individuals, family offices and corporate clients. The deal expands JTC's US footprint and strengthens its domestic trust services capability, complementing its existing US private client operations in Delaware, Miami, New York and South Dakota.

IQ-EQ Acquires JGM Fund Services

September 7, 2022

Financial Services

IQ-EQ, an Astorg‑backed global investor services group, has acquired JGM Fund Services, a U.S. provider of fund administration and tax services focused on real estate and private equity managers. The deal expands IQ‑EQ’s U.S. footprint and capabilities, growing its U.S. workforce and reinforcing its position in the alternative fund services market.

EQT Funds Acquire IFS with TA Associates as Minority Partner

July 14, 2020

Software

EQT (through its EQT VIII and EQT IX funds) has agreed to acquire IFS AB from the EQT VII fund for a consideration in excess of EUR 3 billion, with TA Associates joining as a significant minority partner. EQT and TA Associates will back IFS' management to continue investing in product capabilities and pursue growth both organically and via add-on acquisitions.