Alter Domus, a provider of tech-enabled fund administration, private debt and corporate services for the alternative investment industry, has gone live on Temenos’ automated Multifonds fund management platform.
Alter Domus is headquartered in Luxembourg and has large operations in the US. The provider employs around 5,100 across 38 offices globally. Alter Domus is solely focused on alternative investments and oversees $2.2tn of AUM.
According to a press release, with the ELTIF 2.0 regulations coming into effect in January 2024, making alternative investments more accessible to a large pool of retail investors, Alter Domus administrator chose Temenos Multifonds Global Investor Servicing to automate and streamline its investment operations, initially for transfer agency services in Europe, with the possibility to move other activities and geographies onto the platform in the future.
The Temenos Multifonds platform will enable Alter Domus to onboard more investors and automate activities including commitment tracking, capital calls, valuation, drawdowns, distributions and fees processing. The platform is also equipped with ELTIF-required liquidity management tools such as gating, fund lock-ups, side pockets and transaction-level fees, as well as the ability to unitise any fund.
The cloud-native solution will be used by Alter Domus across the full investor lifecycle including digital onboarding, AML and KYC due diligence, and MiFID II classification and appropriateness assessment.
