Alter Domus expands North America growth strategy with new acquisition
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Alter Domus expands North America growth strategy with new acquisition 12 January 2021US Reporter: Maddie Saghir
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Alter Domus, a provider of fund administration, debt capital markets and corporate services backed by the Permira funds, has acquired Strata Fund Solutions, a fund administrator serving US private equity and venture capital funds.
The acquisition expands the firm’s North America growth strategy focused on providing solutions to private equity, venture capital, real estate, and credit investors.
Strata will bring a technology stack to Alter Domus, as the combined business will leverage in-house solutions such as CorPro, Agency360, Mailroom, and Virtual Back Office, and information processing engines such as Investran, eFront, Allvue, and Yardi.
Doug Hart, CEO at Alter Domus, says: “We are delighted to welcome Strata’s founders Jared Broadbent, Darren Benson and Nathan Reese and their entire talented team to Alter Domus. Our respective founders, leadership and teams share a culture of excellence devoted to the investment funds and corporate services industry. Our shared high-touch service model and advanced technology platforms align perfectly to offer our clients a trusted solution on day one.”
Broadbent, co-founder of Strata, comments: “We are very excited to join the Alter Domus Group, one of the world’s leading service providers to the alternative investments industry that, crucially, shares our values and our commitment to delivering the highest levels of client service. Combining our two companies will allow us to offer our clients a global reach and even more in terms of services, expertise, and technology.”
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