Alter Domus buys IPS Fund Services
Alter Domus has acquired Boston-based fund administrator IPS Fund Services.
IPS has $9bn in assets under management and focuses on private equity and venture capital funds.
Following the deal, the IPS team joins Alter Domus’s team. All employees will report to Paul Woods, regional executive North America.
The transaction forms part of Alter Domus’s North American expansion strategy, where it currently operates 10 offices in the region and has grown headcount from 586 to 656 throughout 2020.
Profile:
Categories: NewsOutsourcingFund administration
More from The Drawdown
18 April 2024
HNWI hurdling
The UK may have reversed its changes to the HNWI regime but the conversation seems far from over
18 April 2024
Apex acquires South African ManCo
Acquisition of IP Management Company is continuation of growing Apex’s ManCo offering
18 April 2024
Ocorian launches ESG reporting tool
The SFDR and SDR reporting tool is powered by technology from Treety
17 April 2024
Debevoise appoints funds partner
Goodwin’s Shawn D’Aguiar makes the switch after seven years
16 April 2024
Chronograph launches Chrono AI
The tool will assists LPs with portfolio monitoring and analysis
16 April 2024
Ark launches automated fund accounting solution
The cloud-based technology supports fund administrators and GPs with fund operations and investor relations