Alter Domus acquires Solvas

Alter Domus has acquired Deloitte’s Solvas, a loan and debt servicing software platform.

Solvas was in the hands of Deloitte for more than 20 years, having been created to assist asset managers and trustee participants globally with collateralised loan obligations (CLOs). It provides users with accounting, modelling and credit risk services.

Alter Domus has previously invested in technology solutions such as Credit-Vision and IEA. To get a full breakdown of Alter Domus’s stats, read our fund admin report here.

Most of the Solvas team, comprising more than 200 employees, have joined Alter Domus’s data and analytics unit, which was founded in 2021.

The Drawdown spoke to Gus Harris, director of the data and analytics unit, to understand more about the strategic acquisition: “The Solvas platform provides data analytics services, which include data management, processing and extraction. Now that Alter Domus has acquired the business from Deloitte, there are no longer independence restrictions imposed by accounting regulatory bodies in terms of the ability to resell – the new ownership structure changes this.”

Doug Hart, CEO of Alter Domus, also commented in a statement: “[The acquisition enhances] our ability to meet private capital’s relentless demand for better data and technology to support its decision-making process.”

The Drawdown recently caught up with Alex Traub, chief commercial officer at Alter Domus, to delve into the firm’s tech transformation agenda.