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Alter Domus Acquires NYC-Based Investors Economic Assurance

Luxembourg-based Alter Domus has acquired Investors Economic Assurance (IEA), which provides technology solutions and services to alternative investment managers. The Manhattan-based firm specializes in capital administration solutions, including limited partners’ waterfall calculations and general partners’ carried-interest allocations. 

Gary Shelto, IEA’s founder, and the IEA team will report to Paul Woods, regional executive North America of Alter Domus.

Doug Hart, group CEO at Alter Domus, said, “We are pleased to bring on the IEA team and the incredible technology platform they have built and mastered over the years in our third US acquisition in six months. With Gary and his team, we will continue to scale our offering for clients in North America and beyond.”

IEA’s platform is centered on CapAssure, which calculates allocations of investment distributions, allocations of investment company P&Ls and clawback accruals; and CapAdministration, which combines CapAssure with IEA’s accounting and administration capabilities.

Pictured: IEA headquarters at 500 Fifth Ave. in Midtown Manhattan.


Inside The Story

Alter Domus

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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