Alter Domus expands capabilities to support administration of open-ended private market funds
04 January 2024 Luxembourg
Image: Ticha/stock.adobe.com
Alter Domus has introduced new capabilities to its fund administration suite, designed to support the launch and ongoing administration of open-ended private market funds and closed-ended private market funds with liquidity management features including European long-term investment funds (ELTIFs).
The suite currently includes fund formation, investor and transfer agency services, investor and regulatory reporting, fund accounting, cash management, capital administration and tax services.
The new open-ended fund solution now supports increased frequency of net asset value calculation and facilitates more streamlined settlement processes, Alter Domus says. It also allows for increased connectivity to distribution networks for settlement of trades and provides more responsive functionality for complex distribution channels.
In order to account for an increased volume of liquidity events, the suite includes enhanced investor and regulatory reporting functionalities.
Doug Hart, CEO of Alter Domus says: “Increased appetite from individual investors in private assets, coupled with regulatory tailwinds such as ELTIF 2.0 in the EU, and redefinition of accredited investors in the US, are creating significant opportunities for our clients to serve a broadening base of investors.
“As a leader in our space and a trusted partner to our clients for more than 20 years, we’re committed to being ahead of the curve to deliver the solutions they need to explore new fund structures and seize the opportunities in front of them.”
The suite currently includes fund formation, investor and transfer agency services, investor and regulatory reporting, fund accounting, cash management, capital administration and tax services.
The new open-ended fund solution now supports increased frequency of net asset value calculation and facilitates more streamlined settlement processes, Alter Domus says. It also allows for increased connectivity to distribution networks for settlement of trades and provides more responsive functionality for complex distribution channels.
In order to account for an increased volume of liquidity events, the suite includes enhanced investor and regulatory reporting functionalities.
Doug Hart, CEO of Alter Domus says: “Increased appetite from individual investors in private assets, coupled with regulatory tailwinds such as ELTIF 2.0 in the EU, and redefinition of accredited investors in the US, are creating significant opportunities for our clients to serve a broadening base of investors.
“As a leader in our space and a trusted partner to our clients for more than 20 years, we’re committed to being ahead of the curve to deliver the solutions they need to explore new fund structures and seize the opportunities in front of them.”
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