JTC, a global professional services business will be acquiring Blackheath Capital Management LLP (Blackheath), a boutique asset management business based in the UK.

Formed in 2010, Blackheath has a strong reputation providing bespoke management and regulatory oversight services to investment funds. It also offers ManCo services as an Alternative Investment Fund Manager. In addition, Blackheath enables hosted firms to provide advisory and arranging services to professional investors as an appointed representative under Blackheath’s oversight.

Blackheath is being acquired from its partners, Stephane Carty and Simon Monson. On completion, Blackheath will become part of the JTC Global AIFM Solutions business within the Institutional Client Services Division, led by Dean Blackburn.

The transaction is subject to various closing conditions and final regulatory approvals and is expected to complete during Q1 2024.