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November 16, 2017

Alter Domus agrees to buy Cortland Capital Market Services

Luxembourg-based Alter Domus Group has agreed to acquire Cortland Capital Market Services, a Chicago-based global investment servicing firm, for an undisclosed sum.

Cortland, which was founded in 2008 offers third-party fund administration and middle and back-office outsourcing to alternative investment managers, real estate private equity firms and credit funds.

The firm has offices in New York, London, Los Angeles, Austin, Indianapolis, and China and manages over $180bn in assets.

All 400 employees of Cortland will join Alter Domus as part of the deal. Cortland CEO Doug Hart will become regional executive North America and country executive US of the combined entity.

Alter Domus CEO Laurent Vanderweyen said: “We are delighted to welcome the Cortland team to Alter Domus as a major step in our long-term strategy to develop the U.S. market as one of our key locations in offering vertically integrated services to our international client base.

Cortland said that the deal will expand its fund administration and loan services business into Europe, and help it benefit from various offerings of Alter Domus such as management company (ManCo), and Alternative Investment Fund Manager (AIFM).

“Cortland has an impressive track record of growth, a strong management team, and the same focus on quality and client service which has been at the core of Alter Domus’ own success over the years,” Hart stated.

The transaction is subject to regulatory approvals.

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