JTC acquires perFORM as it continues to bulk up its fund solutions capabilities

Listed professional services firm JTC has acquired perfORM Due Diligence Services (perfORM), a provider of due diligence services to a range of 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, including institutional and wholesale clients, across a wide variety of asset classes such as private equity, real estate, infrastructure, hedge funds, crypto and digital assets, and long only funds.

The addition of perfORM is intended to enhance JTC’s funds offering with solutions-driven due diligence services, supported by a scalable technology workflow management system and due diligence software. perfORM will retain its brand and will operate as a JTC Group company going forward.

Jonathan Jennings, group head of institutional client services, JTC, said: “perfORM is a further important strategic addition to the JTC Institutional Client Services division. 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.”