Alter Domus has expanded its services to support the launch and administration of open-ended private market funds, including european long-term investment funds (Eltifs).
Announced on January 4, 2023, the development is influenced by increasing retail demand for non-traditional assets and regulatory changes in the EU, US and UK, which aim to widen access to private market investments.
The expansion enhances Alter Domus’ suite of fund administration services, including fund formation, investor and transfer agency services, investor and regulatory reporting, fund accounting, cash management, capital administration and tax services.
Key enhancements of the service include more frequent net asset value (NAV) calculations, streamlined settlement processes, improved connectivity with distribution networks for trade settlements and more responsive functionality for complex distribution channels. Additionally, the service offers enhanced investor and regulatory reporting capabilities to handle an increased volume of liquidity events.
Alter Domus will directly support Luxembourg-based funds as a registered transfer agent, while North American and UK-based funds will collaborate with transfer agent systems.
The new capabilities are partly supported by a partnership with Temenos Multifonds, integrating platforms like SWIFT and NSCC to enhance efficiency, reduce risks and facilitate liquidity management in open-ended funds.
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