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.
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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. This year Alter Domus also opened a new office in the Cayman Islands, expanding its existing presence in North America.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. “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,” added Woods.ĭoug Hart, CEO at Alter Domus, concluded: “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.”Įarlier this month, Alter Domus hired Tim Houghton as chief operating officer and a member of the group executive board in support of global expansion. 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 at Alter Domus, said: “We are delighted to welcome the IPS team to Alter Domus and solidify our presence in Boston. Rob Herlihy, partner and founder at IPS Fund Services, commented: “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.” IPS Fund Services, with $9 billion in assets under administration, will join Alter Domus’ global team to collaborate across regions and support clients.Īccording to Alter Domus, 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. The strategic acquisition marks an achievement in Alter Domus’ North America growth strategy and aims to further enhance its East Coast footprint.
Alter Domus accelerates growth strategy with new acquisitionĪlter Domus, a provider of integrated solutions for the alternative investment industry, has acquired IPS Fund Services, a Boston-based fund administrator serving private equity and venture capital funds.
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