SEI Adds KKR to Alternative Investments Access Platform

Rhea-AI Summary

SEI (NASDAQ:SEIC) has announced the addition of KKR investment vehicles to its alternative investments access platform. This platform provides registered investment advisors, broker-dealers, and their clients access to private markets investments. SEI's e-subscription technology aims to increase access to alternative investments, improve processing efficiency, and enhance the advisor and client experience.

The move comes as investments in alternative assets are projected to grow by $1.2 trillion over the next four years, with 85% of wealth managers expecting to increase allocations to alternative asset classes within the next year. SEI's platform addresses operational challenges that have impeded the adoption of alternatives, combining electronic subscription documents, proprietary firm paperwork, custodian forms, and e-signature capabilities.

SEI's alternatives platform is currently used by over 250 wealth management firms and 165 fund managers, processing more than $4.3 billion in alternatives transactions across over 19,000 subscriptions.

Positive

• Addition of KKR investment vehicles to SEI's alternative investments access platform
• Platform used by over 250 wealth management firms and 165 fund managers
• Processed more than $4.3 billion in alternatives transactions across over 19,000 subscriptions
• Acquisition of Altigo, enhancing platform capabilities

Negative

• None.

Industry Trend for Increased Access to Alternatives Presents Growth Opportunity

OAKS, Pa., Sept. 10, 2024 /PRNewswire/ -- SEI^® (NASDAQ:SEIC) today announced that investment vehicles from KKR, a leading global investment firm, will be available on SEI's platform that provides registered investment advisors, broker-dealers, and their clients access to private markets investments. SEI's e-subscription technology is designed to provide increased access to alternative investments, greater processing efficiency, and an improved advisor and client experience.

With investments in alternative assets projected to grow by $1.2 trillion over the next four years,¹ 85% of wealth managers expect to increase allocations to one or more alternative asset classes within the next year.²  However, 55% of managers identified operational challenges such as paperwork or administrative tasks as impediments to adopting alternatives across their practice.²  

The platform's technology workflow combines electronic subscription documents, proprietary firm paperwork, custodian forms, and e-signature capabilities to help ensure fast and accurate alternative investment transaction processing.

Kevin Crowe, a Senior Vice President at SEI, said:

"Investor demand for alternative investments continues to increase, and this trend presents tremendous opportunity to broaden access to alternatives for advisors and wealth managers, while delivering the capabilities for enhanced portfolio diversification. With SEI's unmatched industry position, we build the cross-market connections that can enable this access, and we're thrilled to add KKR to our platform."

Currently used by more than 250 wealth management firms and 165 fund managers, SEI's alternatives platform has processed more than $4.3 billion in alternatives transactions across more than 19,000 subscriptions.³ In December 2023, SEI acquired Altigo, a cloud-based technology platform that provides inventory, e-subscription, and reporting capabilities for alternative investments.

¹ "U.S. Alternative Investments 2022: Delivering Alternative Capabilities to Retail Investors," Cerulli Associates, 2022.
² "The State of Alternative Investments in Wealth Management 2023," CAIS, Mercer, November 2023.
³ As of June 30, 2024.

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 June 30, 2024, SEI manages, advises, or administers approximately $1.5 trillion in assets. For more information, visit seic.com.

Company Contact:	Media Contact:
Emily Baldwin	Kerry Mullen
SEI	Vested
+1 610-676-3262	+1 917-765-8720
ebaldwin@seic.com	kerry@fullyvested.com

 

View original content:https://www.prnewswire.com/news-releases/sei-adds-kkr-to-alternative-investments-access-platform-302242257.html

SOURCE SEI Investments Company

FAQ

What new investment vehicles has SEI (SEIC) added to its alternative investments platform?

SEI has added investment vehicles from KKR, a leading global investment firm, to its alternative investments access platform.

How much growth is projected in alternative asset investments according to SEI's (SEIC) announcement?

Investments in alternative assets are projected to grow by $1.2 trillion over the next four years, according to the press release.

What percentage of wealth managers expect to increase allocations to alternative asset classes, as mentioned in SEI's (SEIC) press release?

According to the announcement, 85% of wealth managers expect to increase allocations to one or more alternative asset classes within the next year.

How many wealth management firms and fund managers currently use SEI's (SEIC) alternatives platform?

SEI's alternatives platform is currently used by more than 250 wealth management firms and 165 fund managers.