Alter Domus has seen its assets under administration (AUA) grow to over $1.6 trillion, positioning it in a select group of fund administrators with over one trillion dollars in AUA..
Over a 12-month period, Alter Domus’s assets in the United States have increased by $360 billion, representing a 50% increase.
The growth comes as a result of increased client demand, namely from private equity and real estate managers, and as the expanding alternatives industry experiences a progressively complex regulatory and compliance environment.
Despite an increasingly competitive landscape for recruiting and retaining talent, Alter Domus was also able to grow its employee headcount globally to over 3,600, an increase of more than 30% in 12 months.
Today, Alter Domus operates in offices across North America, EMEA and APAC, having established a presence in nine cities in the United States alone.
“Alter Domus’ sustained growth story over the past 12 months is impressive, particularly when you consider the global headwinds that disrupted much of the financial services sector,” said Doug Hart, chief executive of Alter Domus.
“As scrutiny of the alternatives industry continues to grow, we have doubled down on investing in our platform and our people. This has enabled us to continue to meet our clients’ challenging and complex needs.”
Alter Domus’s growth follows a series of acquisitions of fund services providers over the last year, including Investors Economic Assurance (IEA) as well as Beechbrook Capital’s Irish AIFM business.
“The private assets industry is growing at a record pace, leaving fund managers with various challenges to generate operational and cost efficiencies, while delivering for their investors,” said Alex Traub, chief commercial officer at Alter Domus.
“At Alter Domus, we take great pride in knowing that we provide first-class services to our clients through our technology and through our people. Our strong global footprint enables us to meet the challenges of clients in key financial and regulatory markets around the world.”