The acquisition bolsters and accelerates the ongoing transformation and expansion of the Alter Domus business
Alter Domus, a leading provider of tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, has acquired Solvas, a leading loan and debt servicing software platform and services suite.
Developed over 20 years by Deloitte, Solvas serves major asset managers and trustee participants in the collateralized loan obligation (CLO) markets internationally and offers state-of-the-art integrated accounting, modelling, and credit risk solutions.
The acquisition of Solvas is the latest in a long line of strategic investments by Alter Domus in first-class technology designed to enable, support and accelerate the growth of its clients. It highlights the transformational journey of Alter Domus to being an increasingly tech-led organization.
The vast majority of Solvas’ 200+ skilled professionals have joined Alter Domus’ Data & Analytics unit. Founded in 2021 and led by seasoned industry expert Gus Harris, the unit supports investors and servicers through tech-enabled services designed to aggregate, analyze and derive insight from financial data.
The addition of Solvas strengthens and grows our suite of market-leading data and analytics products. Crucially, this enhances our ability to meet private capital’s relentless demand for better data and technology to support their decision-making process.Doug Hart, CEO of Alter Domus
Looking ahead, Alter Domus will offer Solvas solutions and services to a broader set of investors, financial institutions, and servicers.