Business Outsourcing / Financial Product Distribution / Asset Management
Date of Realization
Established in 1985, ALPS is a provider of outsourced back-office administrative and distribution services to the investment management industry. Headquartered in Denver, with offices in New York, Boston, and Seattle, ALPS has approximately 350 employees and provides a comprehensive suite of asset servicing, asset management, and asset gathering solutions to over 600 exchange-traded funds (“ETFs”), closed-end funds (“CEFs”), mutual funds and alternative investment funds, representing over $300 billion in assets. ALPS operates as a business unit of DST Systems.
Over the years, the Company completed a variety of tuck-in acquisitions to expand geographically, added new capabilities, and built on existing capabilities. Examples included the acquisition of Liberty All-Star Funds to provide “manager-of-manager” service and the acquisition of Price Meadows to expand its hedge fund administration platform.
In September 2005, alongside management investors, Lovell Minnick led a leveraged recapitalizaton of the Company. In 2011, ALPS was acquired by DST Systems, Inc. (NYSE: DST) for $250 million.www.alpsinc.com