![]() This truly global team in Marseille's harbour illustrates a remarkable integration and promises successful years to come. The secrecy surrounding the event's location and the unique opportunity for many to travel to Europe created an atmosphere of anticipation and enjoyment which no-one at Alter Domus will ever forget. Alter Domus, a fully integrated provider of Fund and Corporate Services to alternative investment managers, is pleased to announce that it completed the acquisition of Cortland Capital Market Services LLC (Cortland) in the US on 22 March 2018. We are looking forward to the 15 years ahead of us with you! On the picture below: It was the first opportunity for many to meet their global colleagues, in particular their new team mates from the recently acquired Cortland Capital Markets. And thank you to all our clients for their loyalty and their trust in our unique Vertically Integrated Model. 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. Thank you to all Alter Domus staff making this adventure possible. The strategic acquisition is a milestone achievement in Alter Domus’ North America growth strategy and further enhances its East Coast footprint. The well known private equity group Permira invested in AlterDomus in 2017, following which the firm acquired the Cortland administration business later. Laurent Vanderweyen, CEO and Dominique Robyns, Founder and Chairman of the Board, came back on the amazing success story that transformed the company into the key global player it is today. 1,300 out of our almost 2,000 employees have been able to come from 18 countries to a global get-together in Europe. The Cortland statement also noted an expansion opportunity in Europe for its fund administration and loan services business.Alter Domus celebrated its 15th anniversary over the weekend. ![]() "Becoming part of the Alter Domus Group gives us the ideal platform to expand our real estate and private credit service offerings and accelerate the expansion of our market leading loan services solutions deep into Europe and Asia Pacific," Hart said in both statements. Hart didn't respond to a request for comment. Alter Domus has established itself as one of Europe's premier fund administration and corporate services companies, and the firm's service offerings and geographic footprint in Europe and Asia serve as an excellent complement to Cortland's capabilities and client base. They all plan to continue working for the combined company, a spokesman for Cortland said. He and three Chicago-based co-founders, all of whom were former senior LaSalle Bank executives, launched Cortland in 2008. offices outside of Chicago, and three more in London, Hong Kong and Nanjing, China.Ĭortland CEO Doug Hart will become regional executive of North America and country executive for the U.S., the Alter Domus statement said. Cortland Capital Market Services LLC (Cortland) was acquired by Alter Domus in 2018.Cortland officially completed its rebrand to Alter Domus on June 8. Cortland also offers services to banks, credit unions and other lenders for tracking commercial loans.Īlter Domus is a much bigger player in the same industry, with some 1,100 professionals working in 32 offices on four continents. ![]() As pension funds, endowments and other institutional investors have invested more money in private equity and other alternatives to stocks and bonds, their need for monitoring and analyzing those investments has also increased, boosting demand for the types of services Cortland provides. With about 400 employees mainly in Chicago and suburban Indianapolis, Cortland has been growing on its own in recent years, buying other operations in the alternative investment services industry and expanding with a new office in Carmel, Ind. They didn't release details of the sale, such as the price paid for Cortland. Check out Convergence’s latest insight, which analyzes the combined entity. Luxembourg-based Alter Domus and Cortland said in separate statements today that they expect the transaction to close in the first quarter of next year. Alter Domus announced yesterday its acquisition on Cortland Fund Services. A major European financial firm is acquiring Chicago-based Cortland Capital Market Services, which helps big institutional investors track investments in private-equity funds, hedge funds and real estate.
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