Alter Domus, a fully integrated provider of fund administration, debt capital markets and corporate services backed by the Permira funds, has acquired Investors Economic Assurance (IEA), a global provider of technology solutions and services to alternative investment managers. The Manhattan-based firm specialises in capital administration solutions including Limited Partners’ waterfall calculations and General Partners’ carried-interest allocations.
This strategic acquisition represents another milestone in the firm’s growth strategy focused on providing high-quality, vertically integrated solutions to the most demanding private equity, venture capital, real estate, and credit investors. IEA’s proprietary technology platforms, CapAssure and CapAdministration, will complement Alter Domus’ technology stack leveraging industry-leading in-house solutions like CorPro, Agency360, Mailroom and Virtual Back Office, and best-in-class third-party information processing engines like Investran, eFront, Allvue, and Yardi.
IEA’s proprietary technology platforms will offer benefits to all Alter Domus’ clients and significant revenue synergy potential, allowing Alter Domus to offer IEA’s tech-enabled services to the combined global client base. IEA also contributes to strengthening Alter Domus’ Manhattan office and coast-to-coast footprint.
Technology is the driving force behind the fund administration industry’s ability to innovate and enhance client service. With a team of more than 2,500 fund admin and accounting experts and more than 70 software development professionals, Alter Domus leads through technology-driven platforms that can be customised to offer bespoke solutions for private market investors. The firm is also increasingly using artificial intelligence and robotic process automation to standardise workflows, provide real-time reporting, and enable better investment decisions.
Read more/Source: Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.