JTC Acquires US Fund Services Business, Segue Partners

JTC has acquired Segue Partners (Segue), an innovative fund services business head-quartered in St. Louis, Missouri, USA.

Founded in 2010, Segue provides a range of sophisticated fund solutions to meet the needs of private equity, venture capital, debt funds and family offices. Segue also delivers accounting services specifically designed to meet the needs of entrepreneurs, portfolio companies and start-ups.

Segue will enhance JTC’s fund services presence in the US, providing an additional scalable platform that is well positioned for growth and complements the Group’s existing US footprint, including its focus on world-class technology. Concurrently, JTC’s more than 30 years of experience in serving listed funds and international clients in a global market that is increasingly complex and highly regulated will confer huge benefits to Segue’s existing and future clients.

Segue’s Midwest location facilitates expansion throughout North America and the company has strong and long-lasting relationships with a diverse range of clients across 10 US States and Canada. The acquisition brings with it a depth of asset class expertise, particularly within the venture capital space.

Michelle Murray, Managing Director and Founder of Segue, will continue to lead the business, becoming a member of JTC’s Institutional Client Services (ICS) US regional management board. All 12 other Segue employees will also join JTC, becoming part of the Group’s Institutional Client Services (ICS) Division. The transaction is not subject to any regulatory approvals and completes with immediate effect.

Nigel Le Quesne, CEO of JTC, said:

“We are very pleased to announce the acquisition of Segue, which is a high quality addition to our strategically important and fast-growing US business. 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. The cultural alignment with JTC is superb and we offer a warm welcome to Michelle, her team and all Segue’s clients and partners.”

Michelle Murray, CPA, Founder and Managing Director of Segue Partners, said:

“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. 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.”

Read the Segue acquisition RNS announcement here.