Cinven has provided investment to Alter Domus to enable long-term growth of the fund administration.
Cinven will work closely with Alter Domus’ founders and their significant shareholders, Permira, to grow its private debt and corporate services for the alternative investment industry.
Rory Neeson, Cinven partner and head of the business services sector team, explains the investment: “Fund services has been a priority subsector for Cinven’s Business Services team due to the attractive business model characteristics and strong growth drivers.
“Cinven’s Business Services and Financial Services sector teams have worked together in close partnership and have followed Alter Domus closely over many years and admired it as a global leader, with blue-chip clients and leading service levels.”
The firm’s CEO, Doug Hart, welcomes the investment: “Cinven shares our strategic vision and commitment to developing long-term technology-enabled partnerships with the leading alternatives firms globally through the delivery of operational and client service excellence.”
Alter Domus were founded in 2003 in Luxembourg and secured investment from Permira in 2017.
Rene Beltjens, Alter Domus’ founder and chairman of the supervisory board, comments: “Together with Permira, we are confident that Cinven is the perfect partner as it continues to grow and scale internationally, and I am excited to continue to be a part of the Alter Domus journey.”
