Alter Domus completes Cortland acquisition

Luxembourg-based Alter Domus Group, a provider of fund administration and corporate services, has closed its previously announced acquisition of Chicago-based Cortland Capital Market Services LLC, an investment servicing company. No financial terms were disclosed.


LUXEMBOURG–(BUSINESS WIRE)–Alter Domus, a fully integrated provider of Fund and Corporate Services to alternative investment managers, is pleased to announce that it completed the acquisition of Cortland Capital Market Services LLC (“Cortland”) in the US on 22 March 2018.

Headquartered in Chicago and with offices in New York, London, Los Angeles, Austin, Indianapolis, and China, Cortland is a leading independent investment servicing company providing third-party fund administration and middle and back-office outsourcing to financial institutions, including alternative investment managers, real estate private equity firms and credit funds. It currently has over USD 200bn of assets under administration. The firm was founded in 2008 by Doug Hart CEO, Russ Goldenberg, Tim Houghton and Lora Peloquin who are all former Senior Executives at LaSalle Bank (the former US banking and trust subsidiary of ABN AMRO).

Cortland currently employs over 400 experienced professionals who have joined Alter Domus as part of the acquisition.

The acquisition of Cortland represents a key milestone for the development of Alter Domus’ private equity, real estate and debt offering. Cortland is a dynamic business with an impressive portfolio of clients in its own right and Alter Domus will be able to leverage the expertise of the senior management team to expand its offering into other jurisdictions. Cortland’s clients will also benefit from Alter Domus experience and the suite of services that it can offer to operating companies in over 19 jurisdictions around the world.

Laurent Vanderweyen, Chief Executive Officer of Alter Domus said, “We are delighted to welcome the Cortland team to Alter Domus as a major step in our long-term strategy to develop the US market as one of our key locations in offering vertically integrated services to our international client base. 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. Our combined services offerings will provide our clients and prospects with seamless access to Alter Domus’ global reach of offices and service lines for all of their U.S. and international needs. In the coming months I look forward to the integration of the teams and welcoming Cortland clients to Alter Domus.”

Doug Hart, Chief Executive Officer of Cortland added, “This is a very compelling transaction for Cortland, its employees and its clients. Alter Domus has established itself as one of Europe’s premier fund administration and corporate services companies, and the firm’s service offerings and geographic footprint in Europe and Asia serve as an excellent complement to Cortland’s capabilities and client base. Becoming part of the Alter Domus Group gives us the ideal platform to expand our real estate and private credit service offerings and accelerate the expansion of our market leading loan services solutions deep into Europe and Asia Pacific. With the combination of these two companies, the Cortland team and I look forward to working alongside Laurent and the Alter Domus teams to create the global leader in alternative investment servicing.”

Doug is now Regional Executive North America for the Alter Domus Group and he has a seat on the Group Executive Board.

Please address any questions concerning Alter Domus’ services in North America to Doug Hart on +1 312 564 5100.

About Alter Domus
Alter Domus is a fully integrated provider of Fund and Corporate Services, dedicated to international private equity & infrastructure houses, real estate firms, private debt managers, multinationals, capital markets issuers and private clients. Our vertically integrated approach offers tailor-made administration solutions across the entire value chain of investment structures, from fund level down to local Special Purpose Vehicles.

Founded in Luxembourg in 2003, Alter Domus has continually expanded its global service offer and today counts 32 offices and desks across five continents. This international network enables clients to benefit globally from the expertise of more than 1,200 experienced professionals active in fund administration, corporate secretarial, accounting, consolidation, tax and legal compliance, depositary services and debt administration services. Alter Domus has over 225bn USD of Assets under Administration.

We are proud to serve 9 of the 10 largest private equity houses, 6 of the 10 largest real estate firms and 5 of the 10 largest private debt managers in the world.

For more information, please visit:

About Cortland
Cortland is a leading global investment servicing firm that provides third-party and outsourced middle office services to investment managers and commercial lenders globally. Cortland administers over USD 200+ billion of assets for clients including credit, private equity, real estate, and hedge fund managers, bank and non-bank direct lenders and CLO managers. Cortland is headquartered in Chicago and serves clients worldwide through its offices in Austin, Indianapolis, London, Los Angeles, Nanjing, and New York. For information about Cortland, please visit