Acquisition Enhances Alternative Asset Services
On 5th May 2026, Alter Domus announced its acquisition of MSC Group to expand service capabilities in Australia. This acquisition, involving AU$34 billion in assets under appointment, marks a significant step in Alter Domus’ global expansion. The company aims to reinforce its client-centric growth strategy in the Asia-Pacific region by enhancing offerings in private credit and alternative assets.
With a focus on the alternative investment industry, Alter Domus plans to deepen its client services in Australia through this strategic move. This acquisition aims to enhance capabilities in trusteeship, custody, and fund administration services.
“Acquiring MSC Group brings together two complementary teams and underscores our commitment to offering industry-leading services to Australia’s growing alternative assets market,” said Babloo Sarin, Global Head of Client Delivery and APAC for Alter Domus. The acquisition also adds licensed capabilities in Australia and key APAC areas to meet the growing demand among private credit and alternative asset clients.
Integration and Service Expansion
Newly integrated licensed trustee, custody, and fund administration services will expand Alter Domus’ capabilities in Australia and key APAC areas. Clients are expected to benefit immediately from a broader service offering and access to Alter Domus’ global platform.
Matthew Fletcher, Founder and Group Managing Director of MSC Group, stated, “Joining the Alter Domus global platform enhances our service delivery with increased resources, technology investment, and expanded capabilities.” The strategic expansion includes adding licensed Trustee, Custody, and DCM services to Alter Domus’ extensive fund administration in Australia and select APAC areas.
The combined Alter Domus and MSC Group team will create an Australian platform providing institutional-grade infrastructure and deep specialist expertise. The enlarged organisation will deliver enhanced services in Australia and APAC with increased resources, technology investment, and expanded capabilities.
Expected to close later this year, the transaction awaits regulatory approvals. KPMG (Tax and Transaction Services) and Gilbert + Tobin (Legal) advised Alter Domus, while Ankura (Corporate Affairs) and HWLE (Legal) advised MSC.
Operating with over 6,000 employees across 39 global offices, Alter Domus is dedicated to alternatives, offering fund administration, corporate services, and depositary services. It stands as a leader in tech-enabled fund and corporate services.
