Steve Krieger

Steve Krieger is the Head of Key Client Partnerships at Alter Domus, a leading provider of tech-enabled fund administration, private debt, and corporate services for the alternative investment industry.1 In his role, Krieger leads the newly created Key Client Partnerships (KCP) practice, which aims to help private markets firms scale their middle- and back-office infrastructure to meet increasing investor demands and mounting complexity.13

Krieger emphasizes that the focus of Alter Domus' clients is on investment management, including raising money, deploying capital, and managing risks, rather than fund servicing, accounting, and compliance.14 He explains that the KCP practice responds to private markets managers' growing need for hands-on support in renewing entire operating models that are no longer fit for purpose.14

Under Krieger's leadership, the KCP team offers three main operational models to clients based on their strategic priorities:

1. Co-sourced
2. Managed service
3. Out-sourced

These models are designed to provide customized solutions for clients, ranging from managing HR responsibilities and technology to handling all aspects of administration needs.13

Krieger's expertise in the field is evident in his understanding of the challenges faced by emerging managers and first-time funds in developing portfolio operations teams while simultaneously fundraising and sourcing deals.2 He advocates for quality over quantity in building value-creating operations teams, emphasizing the importance of a small group of highly knowledgeable and well-connected individuals who can effectively work with management teams.2