Foreside Financial Group (Foreside), a provider of governance, risk management, and compliance solutions and technology offerings to clients in the global asset and wealth management industry, has acquired the regulatory compliance business of JG Advisory Services LLC, a comprehensive regulatory solutions provider for hedge and private equity funds.
Based in New York, New York, JG Advisory Services has helped its clients meet regulatory requirements through creative compliance solutions since 2005. JG Advisory Services has worked with a wide range of hedge fund and private equity fund managers but has particular expertise with emerging managers.
Judy Gross, principal and founder of JG Advisory Services and her colleagues will join Foreside in mid-March 2021.
“When assessing acquisitions, we consistently choose firms that are known for outstanding client service and industry expertise,” says David Whitaker, president of Foreside. “JG Advisory Services has helped sophisticated private equity and hedge fund firms develop into industry leaders, and we are proud to have them on board to build our expertise with emerging managers.”
“We are so excited to become a part of the Foreside team,” said Gross. “Foreside’s reputation of industry-leading compliance and consulting services made them a great fit for us, particularly as an option to step out of an ownership role but continue serving our private equity and hedge fund clients with quality service and with a deep bench of knowledgeable consultants and technology solutions.”
As Foreside continues its steady momentum of regional roll-ups, this marks the company’s sixth acquisition since 2019. Foreside, which is majority-owned by PE firm Lovell Minnick Partners, previously acquired: (i) Capital Markets Compliance, a leading compliance, consulting, and FINOP practice, in January 2021; (ii) ICSGroup, a regulatory compliance services firm serving the asset management industry, in November 2020; (iii) Quasar Distributors, U.S. Bancorp’s mutual fund and exchange-traded funds (ETFs) distribution business, in March 2020; (iv) Compliance Advisory Services, a leading regional compliance firm, in October 2019; and (v) NCS Regulatory Compliance, a comprehensive provider of outsourced compliance and regulatory services, in January 2019.
Financial terms of the transaction have not been disclosed.
