Harwell Capital SPC appointed Alter Domus (Jersey) Ltd, a fund services provider regulated by the Jersey Financial Service Commission, to administer the company’s segregated portfolios, handle the processing of applications and act as sole signatory to each segregated portfolio’s bank accounts held in Jersey.

Alter Domus was founded in 2003 in Luxembourg as a spin-out from a Big Four accountancy practice, and has 600 employees worldwide with US$48bn in assets under administration. The company serves 8 of the 10 largest private equity houses in the world and 6 of the 10 largest real estate firms.

The application process has been designed to provide reassurance to both investors and the companies we are engaged by to raise funding for that the process is handled at arms’ length by Alter Domus in a well-regulated jurisdiction.

Alter Domus has invested in an advanced technology platform with online content management and a highly secure client portal allowing Harwell Capital to monitor the processing of applications 24/7 with an encrypted connection and one-time password. RBSI has an established position in Jersey providing banking facilities to the funds industry, with a dedicated local support team and an online eQ banking platform designed specifi cally to cater for the requirements of fund services companies and giving them access to exactly the same information as RBSI’s own internal systems. All completed Subscription Agreements are sent to Alter Domus in Jersey. Alter Domus’ first step is to complete the AML (anti-money laundering) checks, a process which meets all the relevant Jersey legal requirements and is equivalent to internationally recognised standards.

As soon as the completed application form has been sent to Alter Domus, the investor remits funds to the relevant segregated portfolio account held with RBSI, which is operated by Alter Domus. Funds are held in this account until the amount to be raised for the investee company has been reached, at which point Alter Domus transfers the funds to the UK company for the purchase of shares.

Once the shares have been issued to the Harwell Capital segregated portfolio (SP) by the investee company, Alter Domus will in turn issue the shares in the SP to the Harwell investors, and a share certificate is issued and couriered to them.