Alternative investment fund services provider Alter Domus has acquired loan and debt services provider Solvas, intending to offer the company’s services to a broader range of clients.
Solvas offers a servicing software platform and services suite, and was developed by Deloitte. It provides accounting, modelling and credit risk solutions to asset managers and trustee participants in collatorised loan obligation markets.
Solvas’ more than 200 employees join Alter Domus’ data and analytics unit, led by Gus Harris. The acquisition follows Alter Domus’ technology investment strategy and goal to become a more technology-led organisation.
Doug Hart, CEO of Alter Domus, says: “The addition of Solvas strengthens and grows our suite of market-leading data and analytics products. Crucially, this enhances our ability to meet private capital’s demand for better data and technology to support their decision-making process.”
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