Administrator Alter Domus extends private debt offering
Fund administration specialist Alter Domus has expanded its private debt offering to meet new demand.
The firm has added new capabilities which will allow it to support the launch and administration of open-ended private market funds and closed-ended private market funds with liquidity management features, such as European long-term investment funds (ELTIFs).
The new services are a response to rising demand among Alter Domus’ clients, which include 90 per cent of the top 30 alternative investment managers.
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“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,” said Alter Domus chief executive Doug Hart.
“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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Alter Domus can now support the increased frequency of net asset value (NAV) calculation and more streamlined settlement processes. It has also added increased connectivity to its distribution networks for the settlement of trades, as well as more responsive functionality to handle more complex distribution channels, such as individual investors and wealth advisers.
The fund administrator is also offering enhanced investor and regulatory reporting to account for increased volume of liquidity events.
These new capabilities will be supported through Alter Domus’ partnership with Temenos Multifonds.
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