Alter Domus secures strategic investment from Cinven

Alter Domus, a leading global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, had announced that it has secured a new strategic investment from Cinven.

Cinven is a leading international private equity firm focused on building world-class global and European companies.

Commenting on the development, Alter Domus Cyprus Country Executive Evdokia Stavraki (pictured above), said, “Very excited to share the news of a significant milestone in the alternative investment industry and Alter Domus. On 4 March 2024 Alter Domus secures strategic investment from Cinven, a leading international private equity firm. Cinven with an investment of almost €5 billion, joins Alter Domus founders and Pelmira on the next stage of growth! Alter Domus, currently managing over $2.5trn in assets under administration, following an amazing growth five times since 2017 and since Pelmira’s involvement. Proud to be part of this exciting story!”

The transaction gives Alter Domus an Enterprise Value of €4.9 billion ($5.3 bn), according to a relevant announcement.

According to the same announcement, through the transaction, Cinven will support the long-term strategic growth of Alter Domus, working in close partnership with the founders of Alter Domus and Permira, who will continue to be significant shareholders. Their continued involvement and investment in the firm is a huge endorsement for Alter Domus as a business, its global growth strategy to date and its future potential. The new structure means Alter Domus will now benefit from the support of three fantastic partners in Cinven, Permira and the founders, and this transaction strengthens the capital base of the company enabling it to focus on the next stage of its growth.

The announcement also noted that, having been established in 2003, Alter Domus is one of the largest fund administrators globally, with over $2.5tn assets under administration (AUA). Solely dedicated to alternative assets, Alter Domus offers end-to-end tech-enabled fund administration and corporate services across three sectors: private equity, real assets and private debt. With the support of Permira since 2017, the firm has grown rapidly to meet the evolving needs of its client base, building a global network that now spans 23 jurisdictions, servicing 90% of the top 30 asset managers globally. Since Permira’s investment, Alter Domus has increased revenue, EBITDA and employee numbers by 5x.