Tags2017-02-14T20:29:55-08:00

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!

By |August 9th, 2022|Categories: Fund Administration, Press Release|

JTC Americas and Greenberg Traurig to Collaborate on EB-5 Virtual Event

The upcoming webinar will feature industry experts discussing strategies for compliance with the EB-5 Reform and Integrity Act of 2022

San Jose, CA. April 27, 2022 – Fund administration leader JTC Americas has announced a free webinar presented in conjunction with law firm Greenberg Traurig, LLP to help EB-5 industry stakeholders understand the Regional Center program’s new rules.

Titled “The Right Time is Now: Succeeding with EB-5 in 2022,” the webinar, which will be held May 11th, 2022, will feature a panel of industry experts discussing important EB-5 topics such as what Regional Centers need to do in order to be designated or redesignated under the new law and what must be done before Regional Centers investors can begin filing immigration petitions.

JTC Americas, the North American arm of JTC, is the only provider of purpose-built third-party fund administration for EB-5, offering solutions that can be configured to projects of all sizes, an award-winning online portal for 24/7 project visibility, and an experienced client services team. The company also has an all-in-one EB-5 escrow solution that allows for faster and more secure deployment of funds with industry-leading compliance tools.

Greenberg Traurig, LLP’s Immigration & Compliance Practice represents businesses, organizations, and individuals from around the world on a wide range of immigration matters and visa needs. The firm has received a first-tier ranking for Immigration Law in the U.S. News Best Lawyers “Best Law Firms” report every year since 2011 and was honored by The National Law Review as a 2018 “Go-To Thought Leader” for its coverage of immigration issues through the firm’s Inside Business Immigration and EB-5 Insights blogs.

The EB-5 Reform and Integrity Act of 2022 reauthorized the Regional Center program for five years, through September 30th, 2027. Along with reauthorization, the bill introduced a long list of new integrity measures and rules, some of which are still being refined by U.S. Citizenship and Immigration Services. While reauthorization was welcome news for the industry, Regional Centers are still grappling with what the new rules mean and how to remain compliant in this new era of EB-5.

At the webinar, experts from JTC and Greenberg Traurig will discuss topics including the situations in which a fund administrator is required under the new law and what that fund administrator needs to be able to accomplish for the project, as well as the proper timeline for adding new record-keeping and compliance procedures to ensure all documentation is in order. They’ll also walk-through specific scenarios to help issuers understand the nuances of the new rules.

Read the full press release.

Stronger Together

Sign up for the upcoming EB-5 webinar, “The Right Time is Now: Succeeding with EB-5 in 2022!”

For more information on JTC Americas, follow us on Facebook ,Twitter, and LinkedIn!

By |May 5th, 2022|Categories: EB-5, Press Release|

JTC Americas Debuts Virtual Chief Sustainability Officer

Platform provides benefits of in-house Chief Sustainability Officer while lowering costs of navigating ESG

San Jose, CA. April 27, 2022 – JTC Americas today announced its virtual Chief Sustainability Officer (vCSO) platform, an innovative new offering to help fund managers, corporations and family offices meet their complex environmental, social and governance (ESG) regulatory and reporting obligations.

vCSO allows clients to access the benefits on an in-house Chief Sustainability Officer and sustainability team on a flexible, outsourced basis. Clients benefit from the technical knowledge and support they need to define and implement tailored ESG strategies, policies and impact reporting.

Implementation of the program starts with JTC Americas’ detailed understanding of clients’ core businesses, which, combined with the vCSO’s intuitive technology, leads to the fast and cost-effective creation of bespoke ESG programs tailored to their specific needs.

“Organizations of all types and sizes know that ESG is crucial to their success and a sustainable future but navigating the alphabet soup of standards and regulations is an immense task,” said Reid Thomas, Managing Director, JTC Americas. “JTC approaches ESG through the lens of its deep expertise in fund, corporate and private client services and then overlays the latest ESG knowledge on top. We start from the position of understanding a client’s core business, and then, through the vCSO service, help them to create a bespoke ESG program that is tailored to their specific needs.”

vCSO is comprised of three core pillars and associated services; ESG Strategy, ESG Training, and Carbon Support.

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!

By |April 28th, 2022|Categories: Fund Administration, Impact-ESG, Press Release|

JTC Americas to Host Virtual Event Navigating the Reform and Integrity Act of 2022

The upcoming webinar will feature a panel of industry experts discussing the EB-5 Reform and Integrity Act and its effect on Regional Centers

San Jose, CA. March 29, 2022 – Fund administration leader JTC Americas has announced a free webinar that will feature in-depth discussions on the EB-5 Reform and Integrity Act and the reauthorization of the Regional Center program. Titled, “A New Era for EB-5: Navigating the Reform and Integrity Act of 2022,” the March 31 event will include expert analysis of the new regulations and how Regional Centers can remain compliant.

The EB-5 Reform and Integrity Act, passed as part of the Omnibus Spending Bill on March 11, reauthorized the Regional Center program for five years. While reauthorization has been welcome news for investors and issuers, the bill also comes with a host of new integrity requirements that stakeholders must comply with.

At the upcoming webinar, the assembled panel of industry experts will discuss these new regulations and real-world solutions to ensure compliance. They’ll also discuss how this presents a unique opportunity for Regional Centers that act quickly and embrace these solutions can benefit. This event presents a rare chance to learn from some of the most experienced minds in the industry and will provide valuable knowledge to EB-5 stakeholders of all kinds.

Read the full press release here.

Together We Grow

Learn more about the upcoming EB-5 webinar and RSVP Here.

By |March 29th, 2022|Categories: EB-5, Press Release|

JTC Americas Announces Webinar Offering New Insights on Opportunity Zones

The event will feature a panel of industry experts discussing the results of a survey on Opportunity Zone investors and funds

San Jose, CA, March 9th, 2022Fund administration leader JTC Americas has announced a free virtual event where it will reveal insights gathered from an in-depth survey into Opportunity Zones. Titled, “Getting Impact Right: A New Strategy For Opportunity Zones,” the March 16 webinar will use new data to challenge misconceptions about OZ and will feature expert analysis on how OZ fund managers can employ these insights in their investment strategies.

There has been plenty of debate around the OZ initiative, with much of the rhetoric based on anecdotes and assumptions rather than actual data. In order get to the facts, JTC Americas, in cooperation with OpportunityDb, conducted an in-depth survey of OZ investors and Fund Managers, arriving at some surprising results, which will be discussed at the upcoming webinar.

JTC Americas, the North American arm of JTC, has been the market leader in Opportunity Zones fund administration since the program’s inception. In addition to its leadership in OZ fund accounting, JTC Americas has pioneered methods for tracking social impact and comparing investments with different impact goals.

OpportunityDb provides world-class tools, education, and analysis to help individual investors, family offices, real estate developers, and industry service providers navigate the ins and outs of the Opportunity Zones program. Their Opportunity Zones Database helps connect investors with Qualified Opportunity Funds and provides educational tools about the initiative.

The event will also feature panel discussions with industry experts commenting on the cohesion between the tax benefits and social impact components of OZ and how managers of QOFs can position themselves for success in the future. This event will be crucial for all OZ stakeholders hoping to stay ahead of trends and better understand the industry.

Read the full press release here.

Together We Grow

RSVP for our upcoming webinar titled, “Getting Impact Right: A New Strategy For Opportunity Zones,” on March 16 – Register here!

By |March 10th, 2022|Categories: Opportunity Zones, Press Release|

JTC Americas and VENTURE.co Announce Agreement to Improve Client Onboarding Process

The arrangement will pair JTC Americas’ award-winning fund administration technology with VENTURE.co’s fast and efficient onboarding solution

San Jose, CA, February 10, 2022JTC Americas has entered into an agreement with VENTURE.co Holdings, Inc., that will benefit clients of both firms with a state of the art, streamlined and efficient investor onboarding process.

In traditional third-party fund administration, investor and fund documents are sent to the administrator to be entered into administrative platforms. Depending on the type of fund, the number of investors involved and several other factors, this process can sometimes result in delays that can adversely impact fund performance.

By developing an advanced technical interface with VENTURE.co and incorporating fund administration operations with the use of the VENTURE.co solution, JTC’s client documents will be uploaded and data transferred automatically, reducing the chance for error while improving speed, accuracy and efficiency.

VENTURE.co is a U.S. based software-as-a-service company on a mission to streamline and enhance private securities sales. The company offers an integrated virtual data room, distribution management tools, and automated document processing for fund and private equity sponsors, broker-dealers and RIA firms. By utilizing a single system of record, VENTURE.co provides a comprehensive solution for integrated sales, due diligence and compliance documentation.

JTC is a global leader in corporate, private client, and fund administration with over $130 billion in AUM and a team of more than 1,200 across 26 jurisdictions. JTC Americas, the North American arm of JTC, is a leader in specialty financial administration, serving US markets characterized by high administrative complexity, elevated transaction security needs and challenging compliance requirements.

Read the full press release here.

Stronger Together

Learn more about JTC Americas’ fund administration by downloading our Fund Administration Solution Sheet!

By |February 10th, 2022|Categories: Corporate, Fund Administration, Press Release, Private Equity|
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