JTC acquires US-based fund administrator Segue Partners

The acquisition will enhance JTC’s fund services presence in the US with a deal that adds capabilities for private equity, venture capital, debt funds and family offices.

By Wesley Bray

JTC has acquired Missouri-based fund services business Segue Partners, its latest move to expand its presence in the US.

The transaction is not subject to any regulatory approvals and completes with immediate effect.

Segue, which was founded in 2010, provides a range of fund solutions that meet the demands of private equity, venture capital, debt funds and family offices.

The acquisition of Segue will enhance JTC’s fund services presence in the US, complementing the Group’s existing US footprint with a platform it believes is well positioned for growth.  

Managing director and founder of Segue, Michelle Murray, will continue to lead the business and becomes a member of JTC’s Institutional Client Services (ICS) US regional management board.

Segue’s other 12 employees also join JTC, becoming part of the Group’s ICS Division.

“Michelle 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,” said Nigel Le Quesne, CEO of JTC.

“The cultural alignment with JTC is superb and we offer a warm welcome to Michelle, her team and all Segue’s clients and partners.”

The acquisition of Segue is the second confirmed acquisition by JTC this year. In June, JTC completed the acquisition of INDOS Financial, originally announced in February.

INDOS Financial has become part of the JTC group, providing clients with a richer suite of global services.

The acquisition of Segue, similarly, brings with it a depth of asset class expertise, particularly within the venture capital space.

“I founded Segue with the strong belief that there was a better way to meet the needs of clients based on delivering the perfect blend of experience, service quality and a results-orientated culture. As we seek to expand our business materially and capture opportunities that exists in the US market and beyond, JTC is the perfect partner to help us achieve our goals,” said Murray.

“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.”