Alter Domus, the tech‑enabled fund and corporate services firm backed by private‑equity house Cinven, announced it will acquire MSC Group, a specialist trustee, custody and fund‑administration provider, and will be financed through a mix of cash and existing credit facilities. The deal adds a suite of middle‑office capabilities to Alter Domus’ platform and broadens its client base across Australia and the wider APAC region.

Cinven secured a majority stake in Alter Domus earlier this year, fueling the firm’s expansion strategy. By integrating MSC’s custody infrastructure, Alter Domus can offer end‑to‑end solutions for private‑equity and infrastructure funds seeking seamless administration across jurisdictions. The move also lets Alter Domus cross‑sell MSC’s technology to European clients. The combined entity is poised to capture market share from rivals that lack comparable APAC reach.

The acquisition underscores the growing demand for integrated fund‑service platforms as investors push for cost efficiency and regulatory compliance. With MSC’s client roster now under its umbrella, Alter Domus strengthens its position as a global partner for sponsors navigating complex cross‑border structures. The transaction closes a year of consolidation in the fund‑service sector.