Alter Domus, a global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, has secured a new strategic investment from private equity firm Cinven.
Through the investment, which gives Alter Domus an enterprise value of €4.9bn ($5.3bn), Cinven will support the long-term strategic growth of the business, working in partnership with the Founders of Alter Domus and Permira, who remain as significant shareholders.
As well as strengthening the capital base of the company, the new structure means Alter Domus will now benefit from the support of Cinven, Permira and its own Founders.
Alter Domus was established in 2003 and is now one of the largest fund administrators globally with over $2.5tn in AUA. Alter Domus is solely dedicated to alternative assets and offers end-to-end tech-enabled fund administration and corporate services across private equity, real assets and private debt.
The transaction is subject to regulatory approvals and other customary closing conditions.
Alter Domus was advised by Goldman Sachs International and Raymond James, DLA Piper, Jamieson Group, Oliver Wyman, EY, Clifford Chance, Kroll and Crosslake.
