Trade Settlement Services
Where precision meets transparency to deliver confidence in every trade settlement
Why Settlement risk can’t be overlooked
Settling loan trades is a complex manual, and often fragmented process where multiple counterparties, documents, and deadlines must align. Even small gaps in procedures can quickly lead to costly errors, delays, and missed market opportunities.
When time pressures increase, such as with par, near-par, distressed, or high-volume trades, the risks multiple, putting both financial outcomes and reputational standing at stake.
Alter Domus: Enabling seamless settlement through expertise and technology
Alter Domus helps you take control of settlement risk in both primary and secondary markets. By combining deep technical expertise, longstanding counterparty relationships, and dedicated specialist teams, we streamline execution and ensure loan trades are processed efficiently and in line with market standards.
Our proprietary web-based portal, CorTrade, provides real-time visibility into the status of each trade, helping you track progress, and monitor key dates all while providing you with access to the full record of supporting documentation.
Our expert teams and technology platform combine to provide the scalability you need to handle surges in trading without adding operational strain.
95%
of the largest private debt managers serviced
3,000
Private debt funds under administration
$1.8tn
in debt capital market assets administered
$535bn+
Private debt fund assets under administration
Why Private Debt Managers choose Alter Domus for Trade Settlement
Private debt managers face constant pressure to settle trades quickly, accurately, and in line with evolving market standards. Alter Domus brings specialist expertise, scalable resources, and our CorTrade platform to deliver transparent efficient settlement across all loan types.
Deep Expertise
- Dedicated professionals focused exclusively on loan trade settlement
- Extensive experience across par, near-par, and distressed trades, as well as equity and trade claims
- Active members of LSTA and LMA, shaping industry standards and best practices
Technology & Transparency
- Real-time reporting via CorTrade
- Full visibility of documents, key dates, and settlement status
Efficient & Flexible Execution
- One-of-a-kind support for complex debt transactions
- KYC made easy: collection, archiving, and sharing with agents and counterparties
- Flexible settlement across all loan and financial product types
- Scalable capacity to handle peak volumes without adding internal strains
Alter Domus’ Trusted Scale
- $1.8tn+ Debt Capital Markets Assets under Administration
- $535bn+ Private Debt Fund Assets under Administration
- More than 620 private debt clients, including 27 of the 30 largest globally
Trade Settlement Services
Manual
trade settlement
- Draft (or review) and circulate trade documents
- Coordinate with agents and counterparties regarding documentation and settlement
- Liaise with counsel on distressed trades
Electronic
settlement platforms
- Sub-allocate trades and review trade confirmations and assignment agreements
- Facilitate execution of trade documentation
- Process settlement date coordination and review funding memos
Communications and documentation
- Archive and distribute all KYC documents to agents and counterparties
- Circulate executed settlement packages to clients, trustees, custodians, etc
- Provide real-time 24/7 access to trade status via our web-based portal, CorTrade
Trade Settlement powered by CorTrade
Providing real-time visibility, every step of the way
In modern loan trading, delayed feedback and fragmented documentation are among the biggest pain points. Alter Domus’ CorTrade portal solves this by centralizing status, documents, and key milestones for all the trades you entrust to us.
With CorTrade, you’ll gain:
- Live trade tracking from initiation to settlement
- Key date monitoring with alerts for settlement and approvals
- Seamless integration with our partners’ proprietary and third-party technology platforms
- Centralized documents including KYC, confirmations, and memos
- Full audit trail with downloadable reports
- Single source of truth regardless of settlement method
Whether handling high volumes, distressed trades, or complex assignments, CorTrade reduces friction, speeds up settlement across every trade.
FAQs
What is Trade Settlement?
Trade Settlement is the final step in a transaction where ownership of an asset is legally transferred from seller to the buyer, the payment delivered in return. It typically involves confirming trade details, signing and exchanging documentation, coordinating with agent banks and counterparties, and completing the transfer of cash on the agreed settlement date.
How do you reduce settlement risk?
Settlement fails stem from missing documents, mismatched details, or counterparty delays. Risk is reduced by:
- Standardized workflows (LSTA/LMA) that ensure consistency and accuracy across transactions
- Platforms that offer full transparency 24/7 such as CorTrade, enabling continuous monitoring and visibility
- Experienced, scalable resources to handle overflow, peaks and complex trades, even for clients who require support only on select transactions, without engaging a full business transfer
- Dual-approved workflows and regular reconciliations, ensuring no transaction is missed and all trades are completed on time, every business day
- Flexible, scalable support that grows with your business needs, ensuring seamless alignment as transaction volumes increase
- Specialized settlement professionals committed to efficient closings, giving clients the confidence that every trade is executed smoothly and without issue.
- Value-added services, including execution of Powers of Attorney, KYC document distribution and tracking, and cash-versus-settlement analysis, all designed to integrated seamlessly into client processes.
Ready to strengthen your trade settlement process?
Our Specialists are here to help you reduce risk, increase efficiency, and gain full visibility across every trade.
Complete the form below and a member of our team will contact you to discuss how Alter Domus and CorTrade can support your needs.
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CLO Collateral Administration
Dedicated team and technology to fulfill your trustee services obligations
What is CLO Collateral Administration?
Under most indentures or offering documents, a third party to perform CLO collateral administration is required. But finding experienced and knowledgeable trustees can be a challenge in today’s environment.
We partner with trust banks to provide an automated and scalable solution backed by expert staff. Services include daily cash/position reporting, monthly trustee reports, quarterly waterfalls, arranging payments to noteholders, directing money movement, and more.
Meet legal requirements accurately and on time
The reports you need, now
Leveraging our market-leading Solvas Digitize technology means faster reporting with unparalleled accuracy.
Your area is our specialty
Teams in North America, Europe, and APAC know your requirements and ensure compliance.
One team over time
We believe in the power of relationships. As you grow, your dedicated team stays with you for seamless support.
Always disclose the right information
Get in touch with our team
Contact us today to learn more about Alter Domus’ CLO Collateral Administration.
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Private Debt Fund Solutions
Front-to back-office support for managers of direct lending, CLOs, and broadly syndicated loans-powered by integrated services, purpose-built platforms, and a single source of loan data.
Trusted by the world’s leading private debt managers
From CLO managers to direct lenders, we support leading firms with scalable, integrated operations that cut settlement times, reduce reconciliation errors, and meet evolving regulatory demands.
Giving you the edge with a holistic private debt fund service offering
As the private debt market has grown, so has the need to perfect your loan operations, from the front office through to the back office. Our full service private debt solutions offering allows your team to select the elements needed most to help your fund operations run smoothly, enabling better collaboration and superior returns.
97%
of the largest private debt managers serviced
3,300+
Private debt funds under administration
$1.5tn
in debt capital market assets administered
$575bn+
Private debt fund assets under administration
Why Alter Domus for private debt solutions?
With decades of expertise and operations in 23 jurisdictions, our SOC 1 & 2 certified processes and AIFMD-compliant services ensure global consistency and investor confidence.
Services
Our private debt specialists act as an extension of your in-house teams, delivering fund administration, CLO management, loan settlement, and agency support. With global asset class expertise and multi-jurisdictional regulatory knowledge, we help you scale operations, reduce risk, and stay compliant across markets.
Technology
Our private debt solutions are supported by a suite of purpose-built technologies, from advanced automation to machine learning, maintained by our in-house teams. These tools simplify loan operations, reduce manual processing, and give your investment and operations teams a competitive edge across the entire credit portfolio lifecycle.
Data integration
We maintain a golden copy of loan and fund data across the lifecycle, ensuring accuracy for reconciliations, reporting, and investor communications. At the same time, our solutions integrate seamlessly with the systems already embedded in your operations, so you are never locked into a single provider.
Rated Note Feeders &
Collateralized Fund Obligations
Explore how Alter Domus’ Rated Note Feeders and Collateralized Fund Obligation solutions can help you unlock new ways to enhance liquidity, optimize capital, and expand investment potential.
Our Private Debt Solutions
Front Offices Services
Deal Fact
Technology-backed expertise enabling you to focus on core activities and grow your fund.
Digitize Corporate Financials
Combining intelligent automation with Alter Domus’ domain expertise to deliver fast, scalable, and accurate data extraction.
Credit-Vision
Streamlined operations and analysis for smarter investment strategies
Middle Offices Services
Loan Agency
Scalable, proprietary technology coupled with sector-specific knowledge reduce the risk and burdens of administering leveraged loan, private credit, and BSL transactions.
Loan Services
Full day-to-day support for all middle-office loan operations, including loan accounting, reconciliations, reporting, and more.
Successor Loan Services
The leveraged loan industry’s most experienced administrative agent, providing a seamless transfer
Back Offices Services
Fund Administration
Fueling growth and reducing risk through integrated, tech-driven administration support.
Corporate Services
Tailored corporate solutions that cover all stages of the entity lifecycle, from establishment to SPV administration
AIFM Services
Providing bespoke services so investment managers can more easily reach European investors while complying with the AIFMD.
Depositary Services
Effective oversight, monitoring, and safekeeping of your fund’s assets to fulfill your obligations.
Services
Our Private Debt ecosystem, illustrated
We have all the elements required to shape the perfect package for your private debt operational needs, thanks to our comprehensive market approach across three key realms – service, technology, and data integration.
Our private debt technology
From loan servicing to accounting, Alter Domus’ selection of SaaS and proprietary technology are purpose-built for the credit space and meticulously maintained by our in-house tech teams.
CorPro
CorPro serves as our secure web portal allowing you to access fund and asset-level financial data and distribute all communications and reporting to investors through a secure, customizable application.
Agency360
Agency360 is Alter Domus’ proprietary platform purpose-built for our teams to perform all Loan Agency services. From calculations to notice preparation to payment processing and tax reporting, our service teams rely on Agency360 as their single source of data and operations. All activities and reporting are fed from Agency360 into Agency CorPro, your dedicated portal for any loan agency data needs.
Solvas Portfolio
A multi-asset class administration and reporting solution, Solvas Portfolio provides powerful capabilities to simplify operations and reduce back-office burdens across the asset lifecycle. You’ll have a transparent and holistic view of your portfolio, making it easier to settle trades, collaborate with trustees, reconcile cash positions, protect revenues, and reduce risk.
Virtual Back Office
VBO is Alter Domus’ accounting book of record/general ledger specializing in credit strategies. It handles all the loan and portfolio accounting specifics and can serve as an accounting book of record (ABOR) or will feed your general ledger.
Solvas Digitize
With Solvas Digitize, you’ll take control of complex documents (and costs) and capitalize on the information they contain. Fully automated document receipt, data extraction, validation, and reconciliation features drive operational efficiency — and produce highly accurate, digitized information ready to use for more strategic decision-making.
Solvas Compliance
Solvas Compliance fills the gap left by applications that you can’t tailor or update and platforms that lack transparency and independence. Easy to configure and simple to use — no programming knowledge or outsourcing required — Solvas Compliance lets you minimize compliance risk for each CLO. You’ll improve deal modeling and investor confidence, automatically.
Insights
Private debt:
review for 2025
As 2025 draws to a close, private markets continue to reflect a year of shifting macro conditions, uneven activity across asset classes, and a stronger focus on liquidity and portfolio management. This review outlines the key trends that shaped private debt.
Contacts for private debt services
Jessica Mead
United States
Global Head, Private Credit
Ready to learn more about Alter Domus’ Private Debt Solutions?
Join the world’s leading private debt managers who already rely on Alter Domus. Get in touch with us today.
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Private Equity Fund Services
Trust in our expertise across all PE strategies, including buyouts, growth equity, fund of funds, secondaries, co-investments, and beyond.
Our PE solutions by the numbers
See how our scale and expertise support leading PE managers across the industry.
87%
of the largest private equity managers serviced
4,950+
PE, VC, and FOF funds under administration
$1.15tn
PE assets under administration
900+
Private equity clients
Seize your market advantage with our PE services
Alter Domus offers comprehensive private equity solutions designed to meet the needs of global PE investment firms and their portfolios.
PE firms today face rising complexity—from growing investor reporting demands to evolving regulatory requirements and talent shortages. Our private equity fund services are engineered to reduce operational burden, strengthen transparency, and improve scalability across your entire fund lifecycle.
By combining specialist expertise with modern technology platforms, we help you streamline operations, accelerate reporting, and minimize risk, so your teams can stay focused on sourcing deals, managing portfolios, and driving returns.
How we support private equity firms
We can support every facet of your private equity back-office needs, across an array of PE
strategies. Here are just a few PE strategies we service and ways we can deliver those services.
PE strategies served
- Buyouts
- Growth equity
- Venture capital
- Secondaries
- Mandates
- Co-investments
Fund administration services
- Fund accounting and financial reporting
- Investment processes
- Investor KYC/AML
- Transfer agency
- Cash management
- Tax and regulatory support
- Consolidation, IFRS, liquidation
- ESG reporting solutions
- 3rd party agency
Capital Administration Services
- Waterfall administration and reporting
- GP carried interested administration and reporting
- Capital forecasting
Service model design
- Regulatory guidance
- Bespoke operational know-how on defining and implementing:
- Outsourcing models
- Co-sourcing models
- Managed service models
Our private equity fund solutions content
Private Equity: 2026 Outlook
Challenges in private equity
The next generation of investment vehicles
Key contacts
Elliott Brown
United States
Global Head, Private Equity
Contact our Private Equity Services team
Contact us today to learn more about our solutions, including:
- Fund Administration
- AIFM Services
- Depositary Services
- Corporate Services
- Capital Administration
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Business Support
Helping you reduce overhead and optimize productivity
What are Business Support Services?
Building your business without increasing overhead may seem like an impossible mission. Determining the right amount of resources to devote to operations, while ensuring the fund can focus on investor and investment activities, can be a balancing act. Alter Domus provides co-sourcing opportunities that eliminate the expense and heavy lifting of managing an entire back-office operation, plus office services that help you put your best foot forward for less.
Office Services
Fully serviced, fully equipped, and flexible working spaces are available in various international jurisdictions. Alter Domus is proud to offer these services via a related entity, BOS. See bos-international.com for complete details.
Alter Domus’ Co-Sourcing Solutions
Under our co-sourcing model, we put the strength of more than 5,000 fund specialists to work for you, handling your back and middle-office operational activities while you retain control over your technology stack and data.
Get in touch with our team
Contact us today to learn more about our Business Support Services.
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Accounting & Financial Reporting
As a back-office extension, we enable you to focus on fund value creation
What are Accounting & Financial Reporting services?
Meeting legal and reporting requirements is never easy, and with global regulations changing all the time, staying on top of everything is even more complex. Because our teams have in-depth industry backgrounds, they reduce risk and will be key to helping you remain compliant with regulations globally.
We’ll remove your administrative burden and reduce risk
Remain compliant
Wherever you are, be confident that you’ve met regulatory requirements. We stay current on legal and compliance regulations in multiple jurisdictions.
Ensure distribution liquidity
We’ll provide accurate and up-to-date accounting to ensure your access to timely information to make accurate distributions.
Be ready for asset acquisition
We take care of cash flow modeling and debt covenant reporting.
Reduce global UBO risk
We provide UBO registration management to meet global requirements.
Keep payroll costs in line
No need to hire an expensive in-house staff or back-office specialists.
Financial reporting and analysis made easy
Get in touch with our team
Contact us today to learn more about Alter Domus’ Accounting & Financial Reporting services.
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Entity Formation
Comprehensive support to get your corporate entity up and running quickly
What are Entity Formation services?
The process of establishing a corporate entity isn’t easy, especially when missteps can open the door to future risk. Alter Domus’ dedicated onboarding teams combine diligence, accuracy, and efficiency so you can get to business faster — confident everything has been set up accurately from the start. We know your business and your timelines, and we manage every step.
Get up and running faster
Simplify your set-up
A specialist team will support you at each stage of the entity formation process. They’ll help you get everything in place without delay, including service agreements, bank accounts, and FATCA Classification and Certification. And they’ll ensure you’re meeting regulatory filing requirements.
Cut through the clutter
Leave the intricacies of preparing core constitutional documents to us, so you can focus on your fund.
Avoid risk
Entity formation is an intense process that requires meticulous detail. With Alter Domus by your side, you can be confident that we know the steps. We also perform periodic KYC reviews to further ensure compliance.
Get help wherever you are
A single, dedicated team will drive the process, so you’ll always know where to go for answers. Your centralized team understands your industry standards and requirements, ensuring a consistent approach from day one.
Leverage our connections
Our relationships with key banking partners in your industry means operational efficiencies from the start.
All the details, none of the delays
Get in touch with our team
Contact us today to learn more about Alter Domus’ Entity Formation services.
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Venture Capital Solutions
Empower your venture capital operations so your firm can focus on capital investment, emerging opportunities, and long-term success.
550+
Venture capital funds under administration
$87bn
Venture capital assets under administration
90+
Venture capital clients
VC investing meets dependable fund operations
Venture capital is built on vision — identifying potential, nurturing development, and financing the future of innovation. While venture capitalists pursue bold investments, your funds and management company need a dependable partner you can trust to deliver operational excellence in the background.
Alter Domus provides industry-leading support to VC clients through comprehensive fund services, experienced consultants, and fund-specific technology. Our software and service platforms are designed to reduce complexity, streamline operations, and enable your team to share insights, manage risk, and focus on growing investment funds.
Operational confidence for venture capital growth
As your funds scale so do the demands behind the scenes. High transaction volumes, expanding structures, and increasing investor expectations require precision and efficiency.
Our experienced teams and automated workflows simplify fund services and operations, ensuring accuracy while reducing manual processes. With seamless data migration and integrated platforms, we remove the burden of managing costly systems.
With Alter Domus, your operational foundations are built for growth, helping you stay focused on opportunities, not administration.
How we approach venture capital fund service
Through our unique servicing platform, we achieve quality in delivery by focusing on the following:
Asset class specialization
- Exclusive focus on venture capital funds
- Across various investment stages from angel and seed, and early to late stage
- Investment securities such as common, preferred, convertible notes, options, warrants, etc.
- Specialization of teams per sub-asset class (2400+ staff for private equity, venture capital, and fund of funds)
- Specialized teams, processes, and platforms for venture capital funds
Vertical integration
We service all vehicles, from the investor down to the asset:
- Fund vehicles
- Securitization entities
- Tax blockers
- General Partners
- Carry structures
- Holding companies
- SPVs
Service coverage
Ability to deliver all relevant services to all your venture capital entities across the globe
- Fund administration & accounting
- Investor servicing
- AIFM services
- Depositary services
- Full administration, coordination, accounting and reporting to all entities
- Tax and regulatory compliance
- Corporate secretarial services
Our venture capital solutions
Fueling growth and reducing risk through integrated, tech-driven administration support.
Providing bespoke services so investment managers can more easily reach European investors while complying with the AIFMD.
Effective oversight, monitoring, and safekeeping of your fund’s assets to fulfill your obligations.
Tailored corporate solutions that cover all stages of the entity lifecycle, from establishment to SPV administration.
Automated, scalable capital administration driving efficiency, accuracy, and risk reduction.
Tech-supported venture capital solutions
When partnering with Alter Domus, your venture capital operations are supported not only by expert servicing teams and honed processes, but also by best-in-class proprietary and third-party technology.
eFront
eFront serves the alternatives investment lifecycle, from due diligence and portfolio planning, to performance and risk analysis, across a range of alternative asset classes including private equity, real estate investment, banking, and insurance sectors
Allvue
Allvue is an integrated platform supporting the full alternative lifecycle, from fund accounting and investor reporting to portfolio management. It serves various asset classes, including private equity, private debt, and real estate, enhancing efficiency and transparency.
FIS Investran
Investran offers a specialized platform for private equity and alternative assets, streamlining fund accounting, investor reporting and partnership tracking to improve operational efficiency and accuracy.
Flexible operational approaches for your venture capital strategy
At Alter Domus, we offer a full spectrum of operational model delivery. Learn more about the customized ways we can service your VC funds by visiting our operational model informational page.
Outsourcing
Under an outsourcing model, your firm can cede the day-to-day fund operational duties – such as financial statements and investor reporting – to Alter Domus teams and our own technology, while we report progress and updates to your key back-office contacts.
Co-Sourcing
Co-sourcing exists at the intersection of insourcing and outsourcing. Under the co-sourcing model, the administrator handles the day-to-day back- and middle-office operational activities while the fund manager retains ownership and control of their in-house technology and data solutions.
Lift-Out
We also work with asset managers to lift out their operational teams, making them our own employees. Although the staff would fall under our overhead as the administrator, they remain completely dedicated to the fund and its activities.
Venture Capital insights
Private Equity: 2026 Outlook
The outlook highlights where opportunity is emerging, where complexity is increasing, and what investors and managers will need to navigate in the year ahead.
How fund administration supports scaling-up venture capital operations
We dive deep into the role of fund administrators in helping VC firms scale, including the key functions these entities provide.
Fund accounting & reporting services for venture capital firms
We explore the essential components of venture capital accounting and explain some of the benefits of outsourcing this critical function to specialized fund accounting services providers like Alter Domus.
5 operational challenges faced by venture capital firms?
We discuss five key challenges that VC firms commonly face and discuss how leading fund administrators like Alter Domus are helping firms overcome them, streamline operations, and stay focused on delivering investor value.
Contacts
Elliott Brown
United States
Global Head, Private Equity
Get in touch with our venture capital specialists
Contact us today to learn more about our specialist services, including:
- Fund Administration
- AIFM Services
- Depositary Services
- Corporate Services
- Capital Administration
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Corporate Services
From HoldCos and PropCos to financing vehicles, we provide end-to-end SPV services across the entire entity lifecycle
80+
8,100+
20+
Why Corporate Services are essential
Corporate services are essential to keeping SPVs (special purpose vehicles) and related vehicles compliant and operational. Without them, entities face delays, errors, and regulatory risk.
Effective delivery enables timely decisions, support for fast-moving transactions, and ensures compliance at every stage of the entity lifecycle, all while maintaining client confidence.
Why Alter Domus for corporate services?
With decades of experience administering complex legal entity structures, Alter Domus is a trusted partner for firms seeking reliable, scalable corporate services. Our vertically integrated model brings together accounting, governance, tax, and regulatory teams under a single point of contact, streamlining communication, reducing risk, and ensuring consistency across jurisdictions.
We combine local experts with comprehensive, documented policies and procedures and technology platforms to that support high volume, multi-jurisdictional structures. From entity establishment and governance to SPV administration and compliance, our services span the entire life-cycle so you can stay focused on what matters most: delivering value to your investors.
Why entities trust Alter Domus with their SPVs
We’re purpose-built for the complexities of alternative investments. Our global platform allows our clients to confidently navigate through evolving regulatory environments and achieve cost efficiency, consistency and scalability.
Global Coverage
- Presence in key global jurisdictions with local teams
- High volume of resources focused on private equity, private debt, and real assets strategies
Expertise & Experience
- SPV accounting and administration have been core to Alter Domus’ suite of services for over 20 years
- Proven track record with complex transactions and governance
Excellent Project Management
- Central coordination with all stakeholders to support the daily operations of you SPVs
Punctual High-Quality Reporting
- End-to-end solutions to address multi-jurisdictional and high volume of management, statutory and investor reporting
- Leverage best-in-class technology to increase efficiency and accuracy
Mitigating risk
- Providing confidence that your entities are fully up to date and compliant
- Robust business continuity plans
Scalability through technology
- Solutions to provide enhanced access to data
- Workflow tools to streamline and harmonize processes
- Best-in-class security
Supporting the full lifecycle of the entity,
from incorporation to liquidation
Entity Accounting & Reporting Services
- Bookkeeping & financial reporting
- Statutory accounts
- Audit assistance
- Payment support / cash management
- Liquidation services
- Cash management
Tax & VAT Compliance
Transfer Pricing
SPV Administration Services
Securitisation Services
Corporate Secretarial Services
Regulatory Services
Our Corporate Services Technology
Alter Domus leverages leading fund accounting tools to deliver efficient, accurate fund administration across all alternative asset classes. Our range of proprietary technology solutions enhance investor reporting, automate capital calls, streamline waterfall calculations, and ensure compliance – so you can focus on growing your fund.
We use Yardi as an end-to-end platform to manage real asset accounting, servicing, consolidation, and investor reporting.
Provides financial consolidation and reporting software that streamlines group accounting for companies with complex, multi-entity structures.
Enables secure, efficient board pack distribution, 24/7 access, ISO-certified reliability, and collaborative annotations to streamline governance and decision-making processes.
Sage BOB 50 is an accounting and business management software tailored for enterprises offering tools or financial management, invoicing, inventory and payroll.
Learn more about our Transfer Pricing, Securitization, and Corporate Secretarial Services
Transfer Pricing
Support to help you minimize tax burdens. We help manager your transactions to optimize investor returns and protect the sale value of assets while reducing audit risk.
Corporate Secretarial
Remain effortlessly compliant with local regulations. From managing board meetings to handling filings and legal formalities, we streamline governance so you can focus on growth.
Securitisation Services
Seamless securitisation support, from SPV setup to reporting, so you can structure deals with confidence and scale effortlessly.
What is a company secretary? Navigating Jurisdictional differences across Europe
The company secretary plays a vital role in governance and compliance, but the position is defined differently across Europe. This article highlights key differences between common law and civil law systems.
Looking to Incorporate a Securitisation Vehicle
Explore how securitisation vehicles can support liquidity, risk management, and capital efficiency. Read our guide to understand key considerations and strengthen your financial strategy today.
Navigating the Complexities of European Real Estate Administration
Successfully managing European real estate requires navigating intricate regulatory, accounting, and cross-boarder complexities. We explore how partnering with experienced administrators can streamline operations and reduce risk.
FAQs
What is a Special Purpose Vehicle (SPV)?
A Special Purpose Vehicle (SPV) is a legal investment structure created to pool capital from multiple investors for a single project or asset. Designed as a standalone SPV entity, it helps businesses isolate financial risk, streamline ownership, and manage investments independently from the parent company. SPVs are commonly used in private equity, real estate, and structured finance to enhance transparency, compliance, and control.
What are the advantages of using an SPV?
Improved access to capital and structured financing
- They enable businesses to raise funds through asset-backed securities or structured debt, boosting liquidity and financial flexibility.
Enhanced Risk Management and Asset Protection
- SPVs protect the parent company by legally separating liabilities and isolating asset ownership.
Streamlined Execution of Complex Transations
- SPVs make it easier to manage mergers, acquisitions, and asset transfers by operating through a dedicated legal structure.
What are the common uses for an SPV?
Asset Securitization
- SPVs are commonly set up by financial institutions to package and issue securities backed by receivables such as loans, trade credit, or mortgages. Providing a secure, ring-fenced vehicle for capital raising
Alternative Investment Fund Structures
- SPVs act as investment platforms that support cross-border capital deployment in real estate and other asset classes, helping fund managers comply with EU regulatory frameworks.
Holding Vehicles
- Created to legally own equity in other companies, SPVs simplify group ownership structures and are frequently used by alternative asset managers for tax and governance efficiency without direct operational involvement.
Infrastructure & Project Finance Vehicles
- SPVs are ideal for managing the financing and contractual obligations of large infrastructure, energy, and real estate developments. They help streamline multi-stakeholder agreements while isolating risk.
What are the primary differences between an SPV and a fund for Investors and Managers
| Special Purpose Vehicle (SPV) | Fund | |
|---|---|---|
| Investment Scope | Targets a single asset or company, usually for a defined one-off opportunity | Spreads investment across a diversified portfolio aligned with a longer-term strategy |
| Duration of Investment | Typically shorter-term, tied to a single exit or liquidity event | Designed for multi-year horizons |
| Capital Commitment | Shareholders contribute funds entirely at launch: no follow on calls | Investors make ongoing commitments, drawn down in stages as deals are sourced |
| Investor Control | Shareholders often have direct visibility and say over the deal | Investors usually have limited control, with GPs managing deal selection and timing |
| Legal & Structural Complexity | Uses a lightweight structure, often easier to incorporate and dissolve | Requires a heavier legal and regulatory framework with fund-level compliance |
| Operational Setup | Can be formed and executed quickly, ideal for opportunistic or time-sensitive deals | Typically slower to structure and execute due to governacne layers |
| Cost of Management | Lower ongoing costs, especially for short-term or single-use vehicles | Higher long-term expenses due to administration, audits, and investor relations |
| Risk Profile | Higher concentration risk, as returns depend on one asset’s performance | More diversified, which can help balance under performance across the portfolio |
| Exit Strategy | Exit is tied to a single transaction, offering a more predictable timeline | Exit timing is spread across the portfolio, making distributions less predictable |
| Reporting Requirements | Reporting is often deal-specific and lighter, with fewer institutional expectations | Requires structured reporting for LPs, often with quarterly or annual disclosures |
Get in touch with our corporate services team
Contact us today to learn more about Corporate Services.
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Fund Depositary Services
Independent fund depositary services for alternative investment funds, delivering asset safekeeping, cash flow monitoring, and AIFMD oversight.
$300bn+
Assets under administration
950+
Funds under depositary
What are Depositary Services?
Depositary services are independent regulatory oversight functions that include asset safekeeping, cash flow monitoring, and ongoing supervision of fund operations.
Required under the Alternative Investment Fund Managers Directive (AIFMD), these services are designed to protect investors and ensure that alternative investment funds operate in accordance with applicable legal and regulatory requirements.
Why partner with Alter Domus for Depositary Services?
At Alter Domus, we specialize in providing independent, fully regulated depositary services across Europe. Our end-to-end depositary services are exclusively tailored to support Alternative Investment Fund Managers (AIFMs) in meeting their obligations under the AIFMD.
With licensed entities in key financial jurisdictions, our depositary network spans Luxembourg, Malta, Ireland, and the United Kingdom and delivers tailored depositary oversight for a broad spectrum of alternative investment funds, including private equity, real estate, infrastructure, private debt, and fund-of-funds (FoFs).
Comprehensive Depositary Solutions for alternative investments
Our depositary services are part of an integrated solution that brings fund administration, SPV management, and compliance services together under one roof – delivering investor protection and ensuring full regulatory compliance through:
Cash Flow Monitoring
- Overview of all movements of the Alternative Investment Fund (AIF)
- Pre-trade controls of investment proposals
- Monitoring of discrepancies and related corrective measures
Asset Verification and Safekeeping
- Record keeping
- Ownership verification
- Due diligence and monitoring any third-party appointed by the AIF or AIFM
Oversight of fund operations
- Timely settlement of transactions
- Income distribution
- Subscriptions and redemptions
- Valuation of assets and shares/unites
- Investment compliance
Regulatory Reporting
- Timely and accurate reporting to regulatory stakeholders
Depositary Services Across Key European Jurisdictions
Our deep understanding of regional regulatory frameworks enables us to deliver consistent, high-quality depositary services tailored to the specific requirements of each jurisdiction, ensuring seamless support for cross-boarder fund structures and alternative asset strategies.
Luxembourg (CSSF)
A leading hub for alternative investment funds, we provide depositary services for complex structures backed by deep local regulatory insight.
Ireland (CBI)
Our Central Bank of Ireland-authorized entity supports Irish-domiciled AIFs with tailored oversight, asset monitoring, and compliance aligned with AIFMD requirements.
Malta (MFSA)
As a regulated depositary under the MFSA, we deliver hands-on support for Maltese alternative investment vehicles, with a strong understanding of the local market.
United Kingdom (FCA)
Our UK depositary services are designed to help AIFMs navigate the post-Brexit regulatory framework while maintaining robust investor protection standards.
Related fund services
Explore additional services that complement our depositary offering—designed to support every stage of your fund’s lifecycle, from formation to compliance and administration.
Fund Administration
Fueling growth and reducing risk through integrated, tech-driven administration support.
AIFM Services
Providing bespoke services so investment managers can more easily reach European investors while complying with the AIFMD.
Ready to strengthen your fund oversight framework?
With decades of experience across alternative asset classes, Alter Domus delivers trusted depositary services that help AIFMs meet regulatory requirements, protect investor interests, and operate with confidence across jurisdictions.
Contact us today to learn more about our depositary services.
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