With all change of control and regulatory approvals in place, JTC has completed the acquisition of Irish asset manager Ballybunion Capital Limited (“Ballybunion”), 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 (AIFM) as well as governance oversight, portfolio management and risk management solutions.
Founded in 2009, Ballybunion has a strong reputation in the alternative funds industry and its solutions-based funds service 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.
Nigel Le Quesne, CEO of JTC, said:
“This latest acquisition is an important part of our global strategy which will greatly enhance JTC’s fund services presence in Ireland. The deal provides access to new clients as well as creating a platform from which to drive future growth in the Irish AIFM market. This in turn also fits perfectly with our existing fund services business in Europe and the US.”