Alter Domus implements Temenos Multifonds platform to streamline alternative investment operations

Alter Domus, a global leader in tech-enabled fund administration services for the alternative investment industry, has successfully implemented Temenos’ automated fund management platform, Temenos Multifonds Global Investor Servicing. This significant technological upgrade was completed in less than six months, a remarkable achievement that underscores Alter Domus‘s commitment to enhancing its service offerings in a fast-evolving market.

Enhancing Services in Response to New Regulations

Located in Luxembourg and with extensive operations in the US, Alter Domus manages over $2.2 trillion in assets and services 85% of the top 30 asset managers globally. The implementation of the Temenos platform is timely, as it coincides with the upcoming ELTIF 2.0 regulations set to take effect in January 2024. These regulations aim to make alternative investments more accessible to a broader pool of retail investors, increasing the need for efficient and scalable fund management solutions.

Capabilities of the Temenos Multifonds Platform

The Temenos Multifonds platform enables Alter Domus to automate a wide array of investment management activities including commitment tracking, capital calls, and distributions, effectively handling increased transaction volumes. It also includes critical liquidity management tools required under the new ELTIF framework, such as gating and fund lock-ups, providing a comprehensive solution that supports the complexities of managing diverse fund structures.

Future Prospects and Expansion Plans

This initial deployment focuses on transfer agency services within Europe, with potential future expansions into other services and regions. The cloud-native and agile nature of the Temenos solution facilitates full investor lifecycle management, from digital onboarding through to compliance processes like AML, KYC, and MiFID II assessments.

Antonis Anastasiou, Group Head of Product Development at Alter Domus, expressed enthusiasm about the new capabilities: “We’re delighted to have implemented this new fund administration platform in just six months, allowing us to rapidly expand our capabilities to service open-ended fund characteristics.” Similarly, Sern Tham, Global Head of Product at Temenos Multifonds, highlighted the platform’s role in adapting to regulatory changes and enhancing operational efficiencies for clients like Alter Domus.

The swift implementation of the Temenos Multifonds platform by Alter Domus is a strategic move that positions the company well in the alternative investment sector, especially ahead of regulatory changes. By leveraging advanced technologies, Alter Domus is set to offer more dynamic and responsive services, which will be crucial as the landscape of private equity continues to evolve towards greater retail participation.