“This reflects the increasingly important role that data and analytics will play in the future of our business, and the alternative investment industry as a whole. Alter Domus’ data and analytics team, which is comprised of seasoned and proven industry professionals, is undergoing tremendous growth and is already engaging with leading general and limited partners in the private equity, private debt – including CLO managers and investors – and commercial real estate sectors on complex and important projects,” said Gus Harris. “I am proud to join Alter Domus’ group executive board, and I look forward to partnering with this talented and dynamic group of executive leaders.
“Gus brings a strong sense of leadership, collegiality, and considerable expertise to our leadership team, key traits which have helped to catalyze his team’s growth and offering in a relatively short period of time.” Clients are under increasing pressure to better manage and exploit data, which makes Gus’ voice and perspective at a group executive level particularly important,” said Doug Hart. “Technology has been an integral part of the backbone of Alter Domus’ offering to clients, and Gus has brought an innovative and forward-thinking vision to our data and analytics services. Team members have honed their skills at, and joined Alter Domus directly from, reputable institutions such as Amazon Web Services, Morgan Stanley, Moody’s Analytics, KPMG, and other established multinational organizations. The seasoned team, which has extensive experience building similar solutions for large financial institutions globally, brings together significant capabilities around modern big data, data science, technology, and product management disciplines. Since joining Alter Domus last October, Gus has hired a world-class team to oversee the firm’s growth in this important area. The team has lined up several clients, including new clients, and strategic partnerships to accelerate their go-to-market and will have several newly built products by year-end. Early product development has focused on solutions which improve operational governance and efficiency for clients to more effectively risk-manage, monitor and grow their alternatives portfolios. The team will help clients bring their data into a modern technology-enabled environment, allowing them to develop a competitive edge in their ability to efficiently generate meaningful and timely insights from their most crucial data sets.Īs an extension to our data and analytics efforts, Gus is overseeing the development of proprietary applications into Software-as-a-Service (SaaS) products, which will further expand Alter Domus’ reach into the middle and front offices of their expanding client base. In his current role, Gus leads Alter Domus’ data and analytics products strategy and team, developing new data assets and offerings to provide value-add solutions to alternatives market participants, including risk managers, investment managers, analysts and support functions at investor and asset manager clients. "You have to be very large to scale technology.LUXEMBOURG-( BUSINESS WIRE)-Alter Domus, a leading provider of integrated solutions for the alternative investment industry, today announced it has appointed Gus Harris, Head of AD Data & Analytics, to its Group Executive Board (GEB) where he will continue to report to Doug Hart, Chief Executive Officer. has become a larger component of the service set," he said. "There's a view, and we share this view, that the larger mandates from larger investment managers require size and scale to service their accounts," Mr. This announcement comes less than a month after Permira announced Alter Domus' acquisition of Boston-based private equity and venture capital administrator IPS Fund Services, which has $9 billion in assets under administration. FTV Capital and StepStone Group made a growth equity investment in Strata in August 2018 and are exiting their investments as part of this transaction. Salt Lake City-based Strata Fund Solutions provides back- and middle-office services for private equity and venture capital funds.Īlter Domus is a portfolio company of private equity firm Permira. Terms of the deal, which is expected to close in the first quarter subject to regulatory reviews, are not being disclosed. fund administrator Strata Fund Solutions, which would result in a firm with about $1 trillion in assets under administration, said Doug Hart, group CEO of Alter Domus. Global alternative investment fund administrator Alter Domus is acquiring U.S.
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