Alter Domus, a Luxembourg-based provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, received an investment from Cinven at €4.9M valuation.
Through the transaction, subject to regulatory approvals and other customary closing conditions, Cinven will support the long-term strategic growth of Alter Domus, working in close partnership with the founders of Alter Domus and Permira, who will continue to be significant shareholders.
Led by CEO Doug Hart, Alter Domus is a provider of tech-enabled fund administration, private debt, and corporate services for the alternative investment industry with more than 5,100 employees across 39 offices globally. Solely dedicated to alternatives, it offers fund administration, corporate services, depositary services, capital administration, transfer pricing, domiciliation, management company services, loan administration, agency services, trade settlement and CLO manager services.
Commenting on the news, Doug Hart said: “With an enviable track record of investing in fast-growing, world-class businesses, we are thrilled to welcome Cinven as an investor in Alter Domus. Cinven shares our strategic vision and commitment to developing long-term technology-enabled partnerships with the leading alternatives firms globally through the delivery of operational and client service excellence. Together we look forward to further accelerating our international growth and delivering innovative new services to our clients.”
FinSMEs
04/03/2024