Fund administration specialist Alter Domus has expanded its non-public debt providing to satisfy new demand.

The agency has added new capabilities which is able to enable it to help the launch and administration of open-ended non-public market funds and closed-ended non-public market funds with liquidity administration options, similar to European long-term funding funds (ELTIFs).

The brand new companies are a response to rising demand amongst Alter Domus’ purchasers, which embrace 90 per cent of the highest 30 different funding managers.

Learn extra: EY provides to personal credit score tax staff

“Elevated urge for food from particular person traders in non-public property, coupled with regulatory tailwinds similar to ELTIF 2.0 within the EU, and redefinition of accredited traders within the US, are creating important alternatives for our purchasers to serve a broadening base of traders,” mentioned Alter Domus chief govt Doug Hart.

“As a pacesetter in our house and a trusted companion to our purchasers for greater than 20 years, we’re dedicated to being forward of the curve to ship the options they should discover new fund buildings and seize the alternatives in entrance of them.”

Learn extra: Non-public credit score’s returns appeal to traders and asset managers alike

Alter Domus can now help the elevated frequency of web asset worth (NAV) calculation and extra streamlined settlement processes. It has additionally added elevated connectivity to its distribution networks for the settlement of trades, in addition to extra responsive performance to deal with extra complicated distribution channels, similar to particular person traders and wealth advisers.

The fund administrator can also be providing enhanced investor and regulatory reporting to account for elevated quantity of liquidity occasions.

These new capabilities will likely be supported by Alter Domus’ partnership with Temenos Multifonds.

Learn extra: Man Group plans to increase non-public credit score enterprise