SEI (NASDAQ:SEIC) announced that Arrow Global Group Limited, a European alternative asset manager specializing in private credit and real estate, selected SEI to support its fund administration, loan operations, and investor services for its private credit fund domiciled in Luxembourg.
Reportedly ranked seven out of 129 fund administrators in Luxembourg based on AUA, SEI is said to be the largest fund administrator for private market funds in Luxembourg that are “managed by a U.S. firm and the largest private credit fund administrator by assets globally.”
As the demand for private credit continues to grow, alternative asset managers are seeking providers to solve operational challenges by streamlining processes, “increasing investor transparency, and supporting their global operational footprints.”
Meera Savjani, Fund CFO for Arrow Global, commented on their decision to partner with SEI:
“SEI’s technology provides the robust and scalable solutions that are customised based on our needs—helping us elevate our business through a streamlined onboarding process, increased data insights and transparency, and efficient processes.”
Bryan Astheimer, Head of SEI’s Investment Managers Business, EMEA, added:
“An important element of transformation is bringing employees along the journey, and we worked closely with Meera and the Arrow Global team to communicate and integrate new processes into their workflow and products.”
With operational centers in Oaks, PA, London, Dublin, and Luxembourg, SEI delivers an integrated operational platform and client service model that provides clients “with transparency into their data and day-to-day fund operations.”
Since establishing operations in the region, SEI has reportedly ranked among the largest fund administrators for private credit funds in Luxembourg.
SEI recently surpassed $1.5 trillion in “alternative assets under administration in its Investment Managers business.”
As noted in the update, SEI delivers tech and investment solutions that connect the financial services industry.
With capabilities across investment processing, operations, and asset management, SEI works with corporations, FIs and professionals, and ultra-high-net-worth families to “help drive growth, make confident decisions, and protect futures.”
As of Sept 30, 2024, SEI manages, advises, or administers “approximately $1.6 trillion in assets.”
As mentioned in the announcement, SEI’s Investment Managers business provides advanced operating infrastructure for investment organizations of all types to evolve and compete in “a landscape of escalating business challenges.”
SEI’s operating platform delivers integrated capabilities across a wide “range of investment vehicles, strategies, and jurisdictions to investment managers and asset owners.”
The firm’s services enable users to gain scale and efficiency, keep pace with marketplace demands, and “run their businesses more strategically.”
SEI explained that it partners with traditional asset managers, alternative managers, and sovereign wealth managers.