January 12, 2021

Strata Joins Alter Domus To Become One of the Top Three Largest Private Asset Servicers in US

We are pleased to announce that Strata has signed a definitive agreement to be acquired by Alter Domus, one of the world’s leading providers of integrated solutions for the alternative investment industry.

Some quick details about Alter Domus (pre-Strata acquisition):

  • Founded in Luxembourg in 2003
  • Serves 14 of the world’s 20 largest private equity houses, 18 of the world’s 20 largest real estate firms, and 15 of the world’s 20 largest private debt managers
  • Employs over 2,700 talented employees across 34 offices in 20 jurisdictions
  • Combines expertise and cutting-edge technology to put clients ahead of the game
  • Majority owned by its employees and founders; minority investment from Permira, a global investment firm

The acquisition of Strata is an integral part of Alter Domus’ growth efforts to build one of the premier asset servicers in the US alternative investment industry. In joining forces, our combined assets under administration (AuA) will exceed $1 trillion and our headcount in North America will surpass 900.

What benefits will our clients receive as a result of this combination?

Clients will have access to a wider array of products, services and technology. For instance, you may be looking to set up a Luxembourg or Irish fund to raise capital from European investors. We can help with that. You may be looking to consolidate service providers across your debt fund and services at the asset level, we can help with that too. If the current team is providing fund admin to your Cayman Islands domiciled fund, we will soon be able to provide you with fiduciary and corporate services for that vehicle from our Cayman Islands office.

Through our combined technology stack, even the most demanding private equity, venture capital, real estate, and credit investors will be able maximize their efficiency and performance by leveraging our solutions. Clients will have access to industry-leading in-house technology solutions including CorPro, Agency 360, Mailroom and Virtual Back Office, as well as best-in-class third-party information processing engines such as Investran, eFront, Allvue, and Yardi.

What additional services can Strata/Alter Domus take on?

Our combined resources will enable us to provide corporate services across multiple international jurisdictions, debt capital market services including agency, loan trade settlement and administration, and innovative portal technology enabling dynamic reporting, workflows and document management, just to name a few.

This is definitely a big step forward for Strata, but rest assured, there are several things that will not change. Alter Domus shares the same values we do, and together we will continue to deliver the same excellent service, deep expertise, and collaborative support that our clients and associates have come to know and appreciate. Our team will do all we can to ensure that this transition is a seamless and positive experience for every client.

  • We will continue to operate from our current offices
  • Clients and Strategic Partners will continue to work with the same people in our firm
  • We will continue to provide a premier service experience

We will continue to communicate important details to all clients, prospects, and strategic partners in a timely manner.

View Official Press Release