Professional services firm JTC has announced the acquisition of London-based perfORM Due Diligence Services, which supports 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 pension funds, wealth managers, family offices, fund of funds, asset managers and endowments) across private credit, private equity, real estate, infrastructure, hedge, crypto and digital assets and long-only funds.
The addition of perfORM will enhance JTC’s funds offering with solutions-driven due diligence services supported by vast IP, a scalable technology workflow management system and due diligence software.
perfORM will retain its brand as an independent ODD service provider and will operate as a JTC Group company going forward.
Jonathan Jennings (pictured), Group Head of Institutional Client Services at JTC, commented: “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 its client base, which affirms the demand for due diligence solutions in the market.”