JTC, a global professional services business with expertise in fund, corporate and private client services, has acquired Segue Partners, a fund services business headquartered in St. Louis, Missouri, US.
The acquisition brings with it a depth of asset class expertise, particularly within the venture capital space, JTC explains.
Segue is set to enhance JTC’s fund services presence in the US, providing an additional scalable platform that is well positioned for growth and complements the group’s existing US footprint, including its focus on world-class technology
Founded in 2010, Segue provides a range of fund solutions to meet the needs of private equity, venture capital, debt funds and family offices.
Additionally, Segue delivers accounting services specifically designed to meet the needs of entrepreneurs, portfolio companies and start-ups.
Concurrently, JTC says its 30 years of experience in serving listed funds and international clients in a global market that is increasingly complex and highly regulated, will confer huge benefits to Segue’s existing and future clients.
Meanwhile, Segue’s midwest location facilitates expansion throughout North America and the company has strong relationships with a diverse range of clients across 10 US States and Canada.
Michelle Murray, managing director and founder of Segue, will continue to lead the business, becoming a member of JTC’s Institutional Client Services (ICS) US regional management board.
All 12 other Segue employees will also join JTC, becoming part of the group’s ICS division. The transaction is not subject to any regulatory approvals and completes with immediate effect.
Nigel Le Quesne, CEO of JTC, comments: “We are very pleased to announce the acquisition of Segue, which is a high quality addition to our strategically important and fast-growing US business.”
“Michelle Murray and her team have built a reputation for delivering first-class service and strong growth year on year and we look forward to supporting and accelerating that as they become part of the group.”
Murray comments: “As we seek to expand our business materially and capture opportunities that exist in the US market and beyond, JTC is the perfect partner to help us achieve our goals.”
“Like Segue, JTC has the highest of standards and constantly strives to exceed client expectations. We are excited to become part of a dynamic group, with such a deep-rooted culture and track record of success,” Murray adds.
This year, JTC has acquired INDOS Financial and RBC cees.
