Arrow Global Selects SEI as a Strategic Growth Partner

Rhea-AI Summary

SEI (NASDAQ:SEIC) has been selected by Arrow Global Group , a European alternative asset manager, to support fund administration, loan operations, and investor services for its Luxembourg-based private credit fund. SEI ranks 7th out of 129 fund administrators in Luxembourg and is the largest private credit fund administrator globally by assets. The partnership aims to provide Arrow Global with streamlined processes, enhanced data transparency, and operational support for global growth. SEI recently surpassed $1.5 trillion in alternative assets under administration in its Investment Managers business.

Positive

• Secured new strategic partnership with Arrow Global Group
• Ranked 7th out of 129 fund administrators in Luxembourg
• Largest private credit fund administrator globally by assets
• Surpassed $1.5 trillion in alternative assets under administration
• Among top two largest fund administrators for private credit funds in Luxembourg

Negative

• None.

Breadth of Global Offering Enables Customization and Business Transformation for Private Credit Funds

OAKS, Pa. and LUXEMBOURG, Nov. 29, 2024 /PRNewswire/ -- SEI^® (NASDAQ:SEIC) today announced that Arrow Global Group Limited (Arrow Global), a leading 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. Ranked seven out of 129 fund administrators in Luxembourg based on AUA,¹ SEI is the largest fund administrator for private market funds in Luxembourg that are managed by a U.S. firm² and the largest private credit fund administrator by assets globally.³

As the demand for private credit continues to grow, alternative asset managers are seeking providers to solve complex 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:

"We're committed to delivering strong risk-adjusted returns for our investors, and having transparency into data is key to maintaining our investors' confidence in that commitment. 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.

"SEI's track record in private credit and their expertise across all alternative strategies, asset classes, and jurisdictions support our ability to serve our clients, scale our business, and achieve our growth ambitions."  

Bryan Astheimer, Head of SEI's Investment Managers Business, EMEA, added:

"We are thrilled to partner with Arrow Global and support their strategic growth. 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.

"As access to the alternatives market continues to expand, asset managers like Arrow Global are looking to meet investor demand through technology and operational solutions that are tailored to their needs and increase efficiency. Our 30 years of experience in the European market, global operational footprint, and breadth and depth of expertise provide asset managers with the stability and personalisation that help drive success."

With operational centers in Oaks, PA, London, Dublin, and Luxembourg, SEI delivers a cohesive, 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 three years ago, SEI has ranked among the top two largest fund administrators for private credit funds in Luxembourg.⁴ SEI recently surpassed $1.5 trillion in alternative assets under administration in its Investment Managers business.

¹ Preqin as of Sept. 3, 2024.
² Preqin data based on AUA as of Sept. 3, 2024.
³ Preqin as of Jan. 31, 2024.
⁴ Preqin as of Sept. 3, 2024. Based on AUA and exclusion of bank administrators.

About SEI^®
SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions 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. For more information, visit seic.com.

About SEI's Investment Managers business        
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 global operating platform delivers customized and integrated capabilities across a wide range of investment vehicles, strategies, and jurisdictions to investment managers and asset owners. The company's services enable users to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. SEI partners with more than 320* traditional asset managers, alternative managers, and sovereign wealth managers, including 43 of the top 100 asset managers worldwide.** For more information, visit seic.com/ims.

*Does not include family office clients.
**Based on Pensions & Investments' "Largest Money Managers" 2023 ranking.

Company Contact:	Media Contact:
Emily Baldwin	Amelia Graham
SEI	Vested
+1 610-676-3262	+44 (0)7393 477 057
ebaldwin@seic.com	amelia@fullyvested.com

 

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SOURCE SEI Investments Company

FAQ

What services will SEI provide to Arrow Global under the new partnership?

SEI (SEIC) will provide fund administration, loan operations, and investor services for Arrow Global's private credit fund domiciled in Luxembourg.

How much alternative assets under administration does SEI (SEIC) currently manage?

SEI has surpassed $1.5 trillion in alternative assets under administration in its Investment Managers business.

What is SEI's (SEIC) ranking among fund administrators in Luxembourg?

SEI ranks 7th out of 129 fund administrators in Luxembourg based on AUA, and is among the top two largest fund administrators for private credit funds in the region.

Where are SEI's (SEIC) operational centers located?

SEI's operational centers are located in Oaks, PA, London, Dublin, and Luxembourg.