Key Takeaways
- • Alter Domus has been appointed by Bain Capital Credit to provide middle and back-office services and bank loan settlement services for credit portfolios valued at more than $30 billion, consolidating support from two previous outsourced providers into a single integrated platform.
- • The mandate encompasses loan administration, loan trade settlement, and compliance capabilities across Bain Capital Credit's global liquid and structured credit portfolios, leveraging Alter Domus' proprietary Solvas portfolio solutions platform integrated with Octus' Sky Road credit portfolio management solution.
- • Over $200 billion in assets under management currently operate on the Sky Road platform, demonstrating the scalability and market adoption of the technology infrastructure supporting this engagement.
- • The appointment represents a significant expansion of Alter Domus and Bain Capital Credit's existing relationship and reflects Alter Domus' specialized expertise in CLO and structured credit administration across global markets.
Summary
Alter Domus, a leading provider of tech-enabled fund and corporate services for alternative investments, has been selected by Bain Capital Credit to deliver comprehensive middle and back-office solutions and bank loan settlement services for credit portfolios exceeding $30 billion in value. The engagement consolidates operational support previously distributed across two incumbent outsourced providers, streamlining Bain Capital Credit's administration and settlement infrastructure.
Under the mandate, Alter Domus will deliver loan administration, loan trade settlement, and fund administration services across Bain Capital Credit's global liquid and structured credit portfolio. The service delivery model integrates Alter Domus' proprietary Solvas portfolio solutions platform with Octus' Sky Road credit portfolio management solution, which currently supports over $200 billion in assets under management globally. This integration is designed to provide industry-leading compliance and trade optimization capabilities alongside core administrative functions.
Jessica Mead, Global Head of Private Credit at Alter Domus, emphasized the breadth of capabilities driving the selection: "Our breadth of capabilities—spanning loan trade settlements, middle office and fund administration—enables us to deliver a seamless and scalable solution, unmatched in the marketplace." Paul Kelly, Chief Operating Officer of Bain Capital Credit, stated: "We are thrilled to partner with Alter Domus to provide support for our global credit portfolios and look forward to working together as we continue to scale our credit investing platform."
The onboarding of Bain Capital Credit's portfolios represents a material expansion of the firms' long-standing relationship and reinforces Alter Domus' market position as a specialized administrator for complex structured credit and CLO vehicles. The consolidation of multiple service providers into a single platform reflects broader industry trends toward operational efficiency and integrated technology solutions within alternative credit management.
Under the mandate, Alter Domus will deliver loan administration, loan trade settlement, and fund administration services across Bain Capital Credit's global liquid and structured credit portfolio. The service delivery model integrates Alter Domus' proprietary Solvas portfolio solutions platform with Octus' Sky Road credit portfolio management solution, which currently supports over $200 billion in assets under management globally. This integration is designed to provide industry-leading compliance and trade optimization capabilities alongside core administrative functions.
Jessica Mead, Global Head of Private Credit at Alter Domus, emphasized the breadth of capabilities driving the selection: "Our breadth of capabilities—spanning loan trade settlements, middle office and fund administration—enables us to deliver a seamless and scalable solution, unmatched in the marketplace." Paul Kelly, Chief Operating Officer of Bain Capital Credit, stated: "We are thrilled to partner with Alter Domus to provide support for our global credit portfolios and look forward to working together as we continue to scale our credit investing platform."
The onboarding of Bain Capital Credit's portfolios represents a material expansion of the firms' long-standing relationship and reinforces Alter Domus' market position as a specialized administrator for complex structured credit and CLO vehicles. The consolidation of multiple service providers into a single platform reflects broader industry trends toward operational efficiency and integrated technology solutions within alternative credit management.
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