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Alter Domus Acquires Strata Fund Solutions to Establish Footprint in Utah
Wednesday 13 January 2021

Luxembourg-based private asset servicer Alter Domus has acquired Salt Lake City-based fund administrator Strata Fund Solutions LLC, serving US private equity and venture capital funds, adding over 200 private equity and venture capital accounting experts and expanding footprint in Utah, the company said.

Terms of the transaction were not disclosed.

This acquisition represents another milestone in the firm's North American growth strategy. Strata's premier client base and deep expertise are complementary to Alter Domus' servicing capabilities.

Strata also brings a complementary technology stack to Alter Domus, as the combined business will leverage in-house solutions like CorPro, Agency360, Mailroom, and Virtual Back Office, and third-party information processing engines such as Investran, eFront, Allvue, and Yardi.

In joining forces with Strata, Alter Domus North America becomes one of the three largest private asset servicers for US alternative asset managers. This transaction also drives Alter Domus' global assets under administration over USD 1tn.

Macquarie Capital acted as exclusive financial advisor to Strata Fund Solutions.

Alter Domus, a backed by the Permira funds, is a provider of fund administration, debt capital markets and corporate services for the alternative investment industry.

Strata Fund Solutions LLC, an FTV portfolio company, provides administration services to the alternative investment industry.
Date Published: 13/01/2021