Permira Funds-backed Alter Domus to acquire Strata Fund Solutions from FTV Capital and StepStone Group.

Permira Funds-backed Alter Domus, a fully integrated provider of fund administration, debt capital markets and corporate services, agreed to acquire Strata Fund Solutions, a fund administrator serving US private equity and venture capital funds, from private equity firms FTV Capital and StepStone Group. Financial terms were not disclosed. “We are delighted to welcome Strata’s founders Jared, Darren, Nate and their entire talented team to Alter Domus. Our respective founders, leadership and teams share a culture of excellence devoted to the investment funds and corporate services industry. Our shared high-touch service model and advanced technology platforms align perfectly to offer our clients a trusted solution on day one,“ Doug Hart, Alter Domus Chief Executive Officer.