Alter Domus unveils client partnerships team to support private markets firms
Alter Domus, the fund administration specialist, has launched its Key Client Partnerships (KCP) practice to help private markets firms scale their middle- and back-office infrastructure.
The firm, which provides services for the alternative investment industry, said that the new KCP practice was developed in response to increased technology, regulatory and investor reporting requirements in private markets.
Read more: Private credit’s returns attract investors and asset managers alike
Alter Domus said its new offering would handle the investment manager’s techhology and processes, as well as governance and risk mitigation aspects of team and technology transitions.
“The focus of clients is investment management – raising money, deploying capital, managing risks – not fund servicing, accounting and compliance,” said Alter Domus head of KCP Steve Krieger.
Read more: Abrdn sees “robust” demand for private credit
“Our new practice responds to private markets managers’ growing requirement for hands-on support on how to renew entire operating models that are no longer fit for purpose. Supported by our decades of administration expertise and industry-leading technology, fund managers can now partner with a dedicated team of Alter Domus experts to ‘co-create’ global operating models customized to their specific priorities.”
Alter Domus provides tech-enabled fund administration, private debt, and corporate services for the alternative investment industry.
Earlier this month, it announced that it had 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).