JTC Has Been Named “Fund Administration Challenger of the Year”
The Global Custodian Industry Leaders Awards named JTC “Fund Administration Challenger of the Year” in recognition of the firm’s growth and international presence
San Jose, CA. December 2, 2022 – At a ceremony in New York City on November 17th, 2022, JTC was named “Fund Administration Challenger of the Year” by the Global Custodian Industry Leaders Awards. The award recognizes firms that have significantly increased their international presence and are seen to be on a successful growth trajectory.
Sponsored by Global Custodian, the leading magazine covering the international securities services business, the Global Custodian Industry Leaders awards honor the fund services community and recognize outstanding performers from Global Custodian’s Prime Brokerage, Hedge Fund Administration (HFA), Private Equity Fund Administration (PEFA), Mutual Fund Administration (MFA) and Exchange Traded Fund Administration (ETFA) surveys.
Since establishing its US footprint with the acquisition of NES Financial in 2020, JTC has made several additional acquisitions that have helped to strengthen its international presence, including acquiring US-based firms Essential Fund Services, SALI Fund Services, and Segue Partners. The company also recently launched its fund administration offering in Ireland. Offering an award-winning investor portal with 24/7 access, customizable solutions, and a global reach, JTC enables funds of all sizes to achieve greater efficiency, reduced operational risk, and higher investor confidence.
Read the Full Press Release Here.
Stronger Together
Learn more about our Fund Administration Services by downloading our Private Equity Fund Administration collateral!
For more information on JTC Americas, follow us on Facebook ,Twitter, and LinkedIn!
Western Energy Regional Center Selects JTC Americas to Administer Its EB-5 Energy Fund
JTC will provide fund administration and other services for a market-leading EB-5 energy project, Western Energy Opportunities II
San Jose, CA. October 12, 2022 – JTC Americas has entered into an agreement to provide its industry-leading technology platform, EB-5 fund expertise, administration, and escrow services to Western Energy Regional Center (WERC), which has announced the start of a fundraising period for its second EB-5 offering, Western Energy Opportunities II.
Since its inception in 2016, WERC has provided an unparalleled platform for participants in the U.S. Immigrant Investor Program under the Employment-Based Preference 5 (EB-5) program, with a focus on oil and gas projects — a space in which WERC has become known for identifying and optimizing successful opportunities.
Because investment into production of oil and gas in rural areas is in the national interest of the United States, Western Energy received expedited approval from the United States Citizenship and Immigration Services (USCIS) for its reauthorization as a Regional Center under the EB-5 Reform and Integrity Act of 2022 (the “RIA”). Western Energy Opportunities II accepts only EB-5 capital and, therefore, EB-5 investors are given first lien over assets. The fund will return profits to investors as soon as it legally and economically can.
JTC Americas brings its own host of benefits to WERC investors. The company delivers purpose-built, technology-driven solutions for the EB-5 sector, including an award-winning investor portal with 24/7 access, customizable solutions, escrow agent capabilities, full audit trails, and more. JTC’s full suite of EB-5 Administration Solutions provides an integrated approach to administering the entire EB-5 program life cycle. WERC has also engaged JTC to provide co-signatory powers required by the RIA to all investment accounts.
Read the Full Press Release Here.
Stronger Together
Learn more about our EB-5 Solution by downloading our EB-5 Administration Collateral.
For more information on JTC Americas, follow us on Facebook ,Twitter, and LinkedIn!
Record New Business Wins Drive Strong Half Year Results for JTC
JTC has had another strong set of interim results with impressive growth in revenue and profit reported for the first half of 2022
San Jose, CA. September 23, 2022 – JTC has had another strong set of interim results with impressive growth in revenue and profit reported for the first half of 2022. The financials released last week show that JTC recorded growth in revenue of 38.8% to £93m for the period ending 30 June 2022, reflecting continued strong net organic growth of 9.5% and inorganic growth of 29.3%.
Underlying profit (EBITDA) was also up 40.1% to £30.7m, with an improved underlying profit margin of 33% compared to the same time last year, while new business wins were up 22% to £12.6m – a Group record for a six-month period. In addition, robust cash conversion allowed the Group to substantially reduce its leverage, bringing it down by 0.7x in the period to 1.6x underlying EBITDA, which is towards the bottom end of JTC’s guidance range of 1.5x to 2.0x.
Other strategic highlights include a focus on delivering the integration of seven acquisitions made in 2021, good revenue growth from the company’s fast-growing banking and international tax compliance service lines, and the post-period acquisition of New York Private Trust Company (NYPTC) in Delaware, USA, which remains subject to regulatory approval.
Looking ahead, the interims highlight how the momentum seen in 2021 has continued into 2022 and point to the confidence that the Group will deliver revenue and underlying profit ahead of market expectations and net organic growth above its medium-term guidance range, more than offsetting higher interest costs and cost inflation. JTC’s inorganic growth ambitions remain fully supported, with a healthy pipeline of merger and acquisition opportunities spanning both its Divisions.
Read the Full Press Release Here.
Stronger Together
Read the Interim Results for period ending on June 30th, 2022 here.
For more information on JTC Americas, follow us on Facebook ,Twitter, and LinkedIn!
Avistone Selects JTC to Administer Its Commercial Real Estate Fund
JTC will handle fund administration duties for the fund, which is focused on hotel properties in major US markets
San Jose, CA. September 16, 2022 – JTC has entered into an agreement to provide fund administration services for Avistone’s Strategic Fund I. JTC will lend its industry-leading technology, data management, world-class service and expertise to the fund’s portfolio of investments.
Founded in 2013, Avistone is a commercial real estate investment firm specializing in the acquisition and operation of multi-tenant industrial and hotel properties. To date, Avistone has acquired and managed more than 4 million square feet of flex/industrial properties and more than 380 hotel rooms in California, Georgia, Ohio, Virginia, Texas, and Florida.
Avistone’s Strategic Fund I is focused on acquiring hotels in major leisure and business travel markets, with a specific eye on seasonality. Targeting a 3-5 year investment holding period, the fund currently has 3 hotels and a $50-$100 million target raise.
JTC Americas, the North American arm of worldwide financial services leader JTC, delivers purpose-built, scalable technology-driven solutions for private equity funds. Offering an award-winning investor portal with 24/7 access, customizable solutions, and a global reach, JTC enables funds of all sizes to achieve greater efficiency, reduced operational risk, and higher investor confidence.
“Avistone’s real estate focus and meticulous investment strategy make them perfect for JTC’s PE fund administration solution,” said Reid Thomas, Chief Revenue Officer and Managing Director of JTC Americas. “We’re ready to apply our industry-leading technology to improve investor relations and help their back-office functions run smoothly while they focus on finding quality properties and generating competitive returns.”
Read the Full Press Release Here.
Stronger Together
Learn more about JTC’s Private Equity capabilities by downloading our Private Equity Fund Administration Solution Sheet!
For more information on JTC Americas, follow us on Facebook ,Twitter, and LinkedIn!
JTC Americas Announces Virtual Event on Tax-Advantaged Investing
The free webinar will feature industry experts discussing 1031 Exchanges, Opportunity Zones, and how investor strategies are evolving.
San Jose, CA. August 17, 2022 – Fund administration leader JTC Americas has announced an in-depth virtual forum on the state of tax-advantaged investing in 2022. The event is scheduled for August 24th, 2022, and will be presented virtually so attendees can join from around the country. Titled “Innovative Strategies for Tax-Advantaged Investing,” the webinar will focus on methods for deferring taxes on capital gains, including Opportunity Zones and 1031 Like-Kind Exchanges.
For more than a century, 1031 exchanges have been a pillar of smart investing and retirement strategies by allowing investors to defer capital gains taxes when purchasing a like-kind property. Like much of the real estate sector, 1031 has seen plenty of ups and downs over the last year, with rising home costs, supply chain problems, and inflation being just a few of the issues affecting the market.
Changes in the marketplace have shifted investors strategies as property owners consider whether it’s prudent to perform an exchange now rather than waiting. They’re also considering other avenues for tax deferral like Opportunity Zones, which incentivize investment in underserved areas to positively impact communities and have become very popular with investors focused on impact.
The goal of the webinar is to educate stakeholders on the state of 1031 and other tax-advantaged investments. Should you sell now to take advantage of current 1031 rules? Are alternative types of exchanges like Delaware Statutory Trusts and Triple-Net Leases more or less viable in the current market? And can other tax-advantaged investments like Opportunity Zones be used in conjunction with 1031? The panelists will also answer questions from attendees so those watching around the world can inquire about specific situations.
Read the Full Press Release Here.
Stronger Together
Sign up for the upcoming “Innovative Strategies for Tax-Advantaged Investing” webinar today – Reserve my space!
For more information on JTC Americas, follow us on Facebook ,Twitter, and LinkedIn!
Global Financial Administration Leader JTC Launches Fund Administration Services in Ireland
The company can now provide more services for its US-based clients in one of the most popular fund domiciles in the world.
San Jose, CA. August 8, 2022 – Global financial administration leader JTC has launched its fund administration offering in Ireland following regulatory approval from the Central Bank of Ireland. This latest offering will increase the company’s global presence, which already includes more than two dozen offices worldwide.
The Ireland fund administration offering will complement existing Alternative Investment Fund Manager (AIFM), depositary, and corporate solutions provided from JTC offices in Dublin and Enniscorthy. Fund administration services will include fund accounting, transfer agency, AML, FATCA/CRS and the preparation of fund financials with audit support.
Ireland is fast becoming one of the most attractive jurisdictions for fund domiciliation and offers many advantages for US-based fund managers. Boasting tax treaties with the US and EU, Ireland’s relationship with the US and European financial communities is strong. At the same time, the country has a reputation for regulatory supervision and a framework compatible with local substance standards and the EU’s Alternative Investment Fund Management Directive (AIFMD).
As the only English-speaking country in the EU with the Euro as its currency, Ireland offers US-based fund managers a business environment and culture similar to what they’re used to, and the country’s popularity as a jurisdiction means there is no shortage of expertise in alternative funds. US managers looking to expand globally by entering European markets or accepting foreign capital can take advantage of JTC’s established presence in Ireland and the variety of available fund and corporate structures available in the country.
JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. The company’s fund services team has substantial experience and a proven track record in administering both closed and open-ended funds in jurisdictions around the world.
JTC Americas, the company’s North American division, provides purpose-built solutions with a global reach, allowing US-based clients to expand overseas and international clients to enter US markets. By offering its specialized technology-based solutions to the greater market and combining its boutique feel with JTC’s global reach, JTC Americas is able to provide an unprecedented level of support and scalability for clients of all sizes.
“We’re excited to provide our fund clients access to another important jurisdiction,” said Reid Thomas, Chief Revenue Officer and Managing Director of JTC Americas. “When clients want to take funds from local to global, whether that means fundraising in the EU or investing overseas, we can help.”
Read the Full Press Release Here.
Stronger Together
Learn more about JTC’s Impact-ESG capabilities by downloading our Impact Funds Solution Sheet!
For more information on JTC Americas, follow us on Facebook ,Twitter, and LinkedIn!