JTC, the C.I.-based-based professional services business, has acquired New York-headquartered Essential Fund Services. EFS provides services in the alternative assets space, including accounting, reporting and administration to investment partnerships and their investment managers. The acquisition of EFS follows JTC’s recent purchase of SALI Fund Services, and the 2020 acquisition of NES. EFS provides services to 45 clients across 110 investment partnerships and has approximately USD5.5bn AuA. The transaction is not subject to any regulatory approvals and closes with immediate effect.
