Posted on 21 December 2020
Alter Domus Acquires SaaS Platform, Credit-Vision
Credit-Vision will bolster Alter Domus’ technology-enabled solutions to service a combined $930 billion of assets under administration on behalf of alternative investment managers.
Alter Domus, a leading provider of integrated solutions for the alternative investment industry, today announces the acquisition of London-based fintech, Credit-Vision Limited. Credit-Vision is a data and analytics platform for corporate credit investors.
Credit-Vision streamlines and modernises portfolio management by automating data extraction from issuers’ financial reports and channels financial data from multiple sources into a single access point. This allows portfolio managers at banks, CLO and other credit investors to make investment decisions based on an enhanced data-driven view of credit risk and quality.
Alter Domus services over 15 of the 20 largest private debt managers in the world with fully integrated investor, fund and asset servicing solutions. These proprietary solutions combine leading cloud-based technology with unrivalled sector specialist and accounting expertise to service $930 billion of assets under administration held in over 880 different types of private credit structures.
Doug Hart, Chief Executive Officer, Alter Domus, said: “As we grow the scale and sophistication of Alter Domus’ in-house technology, Credit-Vision impressed us as a genuinely next-generation SaaS portfolio monitoring product. Meeting investor and borrower demands for transparency amid moments of unprecedented volatility is a significant challenge for credit investors and managers. An end-to-end view of asset performance is critical to easing the burden of asset administration for alternatives managers who are raising the biggest and most complex funds the market has ever seen. I am looking forward to welcoming Paolo, the team, and Credit-Vision’s clients to Alter Domus, as we integrate and scale one of London’s most impressive fintechs.”
Paolo Malaguti, Founder and CEO, Credit-Vision, said: “As a former leveraged finance investor, I know first-hand how real time access to data improves decision-making, and ultimately makes the debt capital markets more efficient. Credit-Vision has successfully built a financial technology to make that possible. At a time of significant volatility in the $2 trillion leveraged loan market, credit investors need the clarity we help provide. As we complement our technology with Alter Domus’ global, integrated platform, I believe our combined solution will help transform alternative credit managers’ portfolio management and underpin better investor outcomes.”
Based at Canary Wharf’s Level39, Credit-Vision is an early recipient of startup funding from Innovate UK, the UK government’s science and technology innovation fund. Credit-Vision’s employees will join Alter Domus’ global team of 2,700 professionals, 500 of whom are specialists in the debt capital markets.
Alter Domus is backed by global investment firm, Permira. Alter Domus acquired Cortland Capital Markets Services LLC, a leading US-based investment servicing company, in 2018. In December 2020, Alter Domus acquired IPS Fund Services LLC, a Boston-based independent fund administrator servicing private equity and venture capital funds.
The terms of Alter Domus’ acquisition of Credit-Vision are undisclosed.