Alter Domus Tops $1 Trillion in Global Assets Under Administration with Acquisition of Strata Fund Solutions LLC
Retrieved on:
Tuesday, January 12, 2021
Other Professional Services, Legal, Finance, Banking, Data management, Accounting, Professional services, Technology, Finance, Money, Economy, Corporate finance, Equity securities, Financial markets, Investment, Private equity, Venture capital, Permira, Documentation Centre for Music, Alter Domus, Strata Fund Solutions LLC
Alter Domus, a fully integrated provider of fund administration, debt capital markets and corporate services backed by the Permira funds, today announced the acquisition of Strata Fund Solutions LLC (Strata), a leading fund administrator serving US private equity and venture capital funds.
Key Points:
- Alter Domus, a fully integrated provider of fund administration, debt capital markets and corporate services backed by the Permira funds, today announced the acquisition of Strata Fund Solutions LLC (Strata), a leading fund administrator serving US private equity and venture capital funds.
- In joining forces with Strata, Alter Domus North America leaps to top three largest private asset servicers for US alternative asset managers.
- Following the Strata acquisition, Alter Domus expects to generate close to 40% of global revenues in the fast-growing US market with over 900 industry professionals.
- In December 2020, Alter Domus acquired IPS Fund Services LLC, a Boston-Based fund administrator serving private equity and venture capital funds.