In addition, IPS’s sophisticated client base will benefit from access to our world-class technology solutions, which provide cutting-edge asset servicing capabilities and data tools specifically tailored to private equity investors.”Īlter Domus is backed by global investment firm, Permira. Through the acquisition, IPS clients will now have access to the unmatched expertise of our 2,700 employees around the world who not only specialize in private equity but bring industry-leading expertise in real estate and private debt markets as well.”ĭoug Hart, Chief Executive Officer at Alter Domus said: “With the acquisition of IPS Fund Services, we further solidify our North American presence, increasing our scale and capabilities significantly with an enhanced offering for clients locally and globally. IPS shares the same focus on quality and client service which have both been at the core of Alter Domus’ own success over the years. Upholding our commitment to going wherever clients need us to be, this is a major step in our long-term strategy of growing our presence in North America. Paul Woods, Regional Executive North America, said: “We are delighted to welcome the IPS team to Alter Domus and solidify our presence in Boston. We look forward to working alongside Doug, Paul and the Alter Domus team to maximize opportunities for our clients in the US.” “As Alter Domus, our team - including my co-founders John Dafulas and Ed Conway - will continue to deliver the highest quality services that we’ve long been recognized for. “This is a tremendous opportunity for IPS and our employees, and we are excited to provide our clients with a global, vertically integrated suite of fund administration services, technology and expertise,” said Rob Herlihy, Partner and Founder at IPS Fund Services. All IPS Fund Services employees will join Alter Domus and report to Paul Woods, Regional Executive North America. The acquisition will expand Alter Domus’ US footprint from Chicago - where the firm holds a strong track record as the leading provider of debt servicing capabilities - into Boston, an important hub for the US private equity industry and home to a diverse pool of fund administration talent. In 2020 alone, Alter Domus increased its headcount in North America from 586 to 656 people, and now has 10 established offices in the region. In addition to the acquisition of IPS Fund Services, Alter Domus has invested heavily in its capabilities in the region, building new services, technology and expertise to support its growth ambitions in the US.
ALTER DOMUS FULL
Private markets asset managers in North America continue to demand outsourced fund administration solutions with services across the full fund management value chain and multijurisdictional expertise. IPS Fund Services has an extensive background in multijurisdictional funds with asset class-specific expertise and a strong understanding of changing regulatory compliance and reporting standards. IPS Fund Services, with $9 billion in assets under administration, will join Alter Domus’ global team of over 1,000 private equity professionals to collaborate across regions and support clients. The strategic acquisition is a milestone achievement in Alter Domus’ North America growth strategy and further enhances its East Coast footprint.
We are Alter Domus.BOSTON-( BUSINESS WIRE)-Alter Domus, a leading provider of integrated solutions for the alternative investment industry, today announced the acquisition of IPS Fund Services, a Boston-based fund administrator serving private equity and venture capital funds. Join our team of more than 3,000 fund administration, accounting, tax and legal experts in more than 35 cities and have pride in being alternative.
We’re large enough to be truly global, yet small and agile enough to work fast. That’s why many of the world’s leading asset managers, lenders and asset owners are already Alter Domus clients. Since 2003, we’ve been working hard to become the leading, high-quality, and tech-driven partner to investors in alternative assets globally. Now with more than $1 trillion in global assets under administration, Alter Domus is an undisputed leader in the alternative asset servicing space. As a Fund Accountant, you will work with internal teams as well as clients to prepare and review monthly financial statements for investment portfolios. As the third largest alternative asset service provider in the United States, Alter Domus strives to nurture a high-performing, client-focused, sustainable workforce and offers enduring and rewarding careers.Īlter Domus specializes in servicing alternative investment portfolios, including real estate, private equity, and hedge funds.
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