Alter Domus continues US expansion with its latest acquisition
Latest news
Alter Domus continues US expansion with its latest acquisition 22 June 2021US Reporter: Maddie Saghir
Image: jonbilous/adobe.stock.com
Alter Domus, a fully integrated provider of fund administration, debt capital markets and corporate services, has acquired Investors Economic Assurance (IEA), provider of technology solutions and services to alternative investment managers.
The Manhattan-based firm specialises in capital administration solutions including limited partners’ waterfall calculations and general partners’ carried-interest allocations.
According to Alter Domus, the acquisition represents another milestone in its growth strategy focused on providing solutions to private equity, venture capital, real estate, and credit investors.
IEA’s proprietary technology platforms will offer benefits to all Alter Domus’ clients and revenue synergy potential, allowing Alter Domus to offer IEA’s tech-enabled services to the combined global client base.
In addition, IEA contributes to strengthening Alter Domus’ Manhattan office and coast-to-coast footprint.
Doug Hart, group CEO at Alter Domus, says: “We are pleased to bring on the IEA team and the incredible technology platform they have built and mastered over the years in our third US acquisition in six months. With Gary Shelto and his team, we will continue to scale our offering for clients in North America and beyond.”
Gary Shelto, CEO of IEA, comments: “We are excited to join forces with [Alter Domus’] highly entrepreneurial team of technology and fund experts to build a combined technology and services stack that adds value to managers across multiple asset classes and regions.”
“We also look forward to working alongside Alter Domus on integrating our CapAssure and CapAdministration platforms into Alter Domus’ comprehensive range of services and solutions, and further developing them.”
“Lastly, Alter Domus, like IEA, has a strong focus on customer service and delivery. Our clients can continue to expect the same great service they have been accustomed to with the additional benefits that come along with the Alter Domus platform,” Shleto adds.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: jonbilous/adobe.stock.com 