JTC has announced the proposed acquisition of Blackheath Capital Management, a London-based asset management business.
Blackheath provides management and regulatory oversight services to investment funds and will become part of JTC’s global alternative investment fund manager solutions business, led by Dean Blackburn.
The acquisition will allow JTC to provide ManCo services for UK domiciled funds and offer firms a full service to launch, market, and manage UK alternative investment funds.
Blackheath’s existing partners, Stephane Carty and Simon Monson, will remain with the business.
Speaking on the acquisition, Nigel Le Quesne, CEO of JTC, says: "[The proposed acquisition will be] adding strength to our existing Global AIFM Solutions business in the important UK alternative asset management market. The business has excellent alignment with our existing fund administration and depositary businesses in the UK and Europe."
Stephane Carty, founder and partner at Blackheath, echoes the optimism. She says: "Having formed the business in 2010 and developed a successful UK AIFM business, now is the right time to partner with a firm to support our future growth. We have known the team at JTC for several years and their strong record and expertise in AIFM, corporate governance and fund services will enable us to accelerate our growth as well as benefit our clients through access to a wider range of expertise and complementary services."
