Alter Domus has announced a strategic investment from Cinven, a private equity firm, valuing Alter Domus at €4.9bn. In a press , released on Monday 4 March, Alter Domus stated that the investment marks a significant milestone for the firm, renowned for its comprehensive tech-enabled fund administration, private debt and corporate services within the alternative investment industry. The collaboration with Cinven, along with support from Permira and the company’s founders, aims to enhance Alter Domus’s long-term strategic growth, focusing on technology enablement and international expansion, stated the announcement.

Currently managing over $2.5trn in assets under administration, Alter Domus specialises in alternative assets, spanning the private equity, real assets and private debt sectors. Since Permira’s involvement in 2017, Alter Domus has grown five-fold in revenue, Ebitda and staff numbers, noted the firm.

Cinven’s decision to invest was influenced by Alter Domus’s strong financial performance, its status as a market leader and its successful track record in mergers and acquisitions, said the press statement. The company’s focus on markets with high growth potential, its investment in technological advancements and its seasoned management team also played crucial roles.

Alter Domus’s founder, René Beltjens, and CEO, , both highlighted the investment as a pivotal development for the company’s continued international growth and innovation in service offerings. Cinven partner Rory Neeson and Permira representatives, Philip Muelder and Chris Pell, echoed these sentiments, expressing confidence in Alter Domus’s future growth trajectory.

The deal, which is still pending regulatory approvals and other customary closing conditions, saw Alter Domus receiving advisory services from an array of firms, including Goldman Sachs and Raymond James, among others, covering the deal’s financial, legal and technological aspects.