Luxembourg-based specialist fund administrator Alter Domus has bought a fintech firm to bolster private debt capability.
Credit-Vision Limited is a data and analytics platform for corporate credit investors. The acquisition cost was not disclosed.
Credit-Vision automates data extraction from issuers’ financial reports and channels financial data from different sources into a single access point for portfolio managers to make investment decisions.
Doug Hart, chief executive officer of Alter Domus, said: “As we grow the scale and sophistication of Alter Domus’ in-house technology, Credit-Vision impressed us as a genuinely next-generation SaaS [software-as-a-service] portfolio monitoring product. Meeting investor and borrower demands for transparency amid moments of unprecedented volatility is a significant challenge for credit investors and managers.”
He added that an end-to-end view of assets was important for easing the burden of administration for alternative investment fund managers who were raising the “biggest and most complex funds the market has ever seen”.
Alter Domus reported $930 billion of assets under administration.
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