M and A
Deals Of The Day: The Latest In Wealth Management M&A - JTC, Ireland

The latest transactions in the wealth management industry around the world.
JTC, Ballybunion
Fund administrator firm JTC has completed its purchase of
Irish asset manager Ballybunion Capital as announced in September
2021.
Ballybunion provides management and regulatory oversight services
to investment funds and offers management company (ManCo)
services as an alternative investment fund manager as well as
governance oversight, portfolio management and risk management
solutions.
The business was founded in 2009 and its offering has focused on
the premium end of the market, covering both alternative and
traditional asset classes, including private equity, loans, real
estate, fixed income, ESG and life settlements.
In October, JTC received regulatory clearance to administer Irish
alternative investment funds, including private equity, real
estate and other alternatives. Approval came following its June
purchase of Ireland-based specialist services firm Indos
Financial. JTC's acquisition of the County Wexford firm, founded
back in 2014, will enable JTC to provide depositary services for
UK and non-EU domiciled funds and provide anti-money laundering
compliance.
Fund administrators have continued to flock to Ireland as an
obvious choice for managers wanting to retain EU access after
Brexit. The jurisdiction had another boost last year when
regulators introduced the Investment Limited Partnerships Act.
The revised framework specifically opens the door for private
equity, real estate, private credit and debt, infrastructure and
other real asset strategies to be administered from Ireland; it
comes at a time when alternatives assets are taking up more space
in investment portfolios.