JTC acquires due diligence services provider

Wednesday 03 November 2021

JTC has acquired perfORM Due Diligence Services (perfORM), whose clients include UK and international asset allocators and investment managers.

Launched in 2019, perfORM was set up as an Operational Due Diligence (ODD) business to provide solutions to asset allocators across private credit, private equity, real estate, infrastructure, hedge, crypto and digital assets, and 'long only' funds.

The acquisition of perfORM will enhance JTC’s funds offering with solutions-driven due diligence services.

perfORM will retain its brand to uphold their integrity as an independent ODD service provider and will operate as a JTC Group company going forward.

 “perfORM is a further important strategic addition to the JTC Institutional Client Services division," Jonathan Jennings, Group Head of Institutional Client Services, JTC, said. "Despite only having launched in 2019, perfORM has had impressive growth in their client base, which affirms the demand for due diligence solutions in the market.  Adding innovative solutions that address the continually heightened investor and regulatory focus on operational risk and due diligence will be of great benefit to our clients and business alike. We are delighted to welcome our new colleagues to JTC today.”

 Quentin Thom, Co-Head of perfORM, added: "We are excited to be part of JTC and our Allocator On-Demand ODD, Investment Manager ODD Therapy, and Service Provider ODD work continues to grow across all asset classes, fund structures and geographies."

 James Newman, Co-Head of perfORM, said: “This move represents an important and exciting step towards our goal of making due diligence services more accessible. With JTC, we will help both asset allocators and investment managers meet their operational risk management needs.”