SEI Partners with KKR to Enhance Access to Alternative Investments

SEI Expands Access to Alternative Investments with KKR

In a move that reflects the growing interest in alternative investments, SEI has announced an important collaboration with KKR, a prominent global investment firm. This integration aims to provide registered investment advisors, broker-dealers, and their clients with enhanced access to private market investments. SEI's innovative e-subscription technology is at the forefront of this development, offering increased efficiency and a superior user experience for both advisors and clients.

Rising Demand for Alternative Investments

As the financial landscape evolves, investments in alternative assets are expected to soar by an impressive $1.2 trillion over the next few years. This growth is driven by the significant demand from wealth managers, with approximately 85% planning to increase their allocations to one or more alternative asset classes in the near term. Despite this enthusiasm, operational hurdles, such as cumbersome paperwork, continue to hinder many managers from fully embracing these lucrative opportunities.

Streamlined Technology for Improved Transactions

SEI is addressing these operational challenges with a streamlined technology workflow. Their platform integrates electronic subscription documents and custodial forms, along with electronic signature capabilities, ensuring a swift and accurate processing of transactions related to alternative investments. This technological advancement is essential for empowering wealth managers to seize emerging opportunities in private markets.

Expert Insights on Market Trends

Kevin Crowe, Senior Vice President at SEI, has emphasized the growing demand for alternative investments, explaining, "This trend presents tremendous opportunity to broaden access to alternatives for advisors and wealth managers while delivering 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." This sentiment captures the essence of what this collaboration aims to achieve—greater accessibility and diversification for clients.

Proven Success in Alternative Investments

SEI's alternative investments platform currently serves over 250 wealth management firms and 165 fund managers, having processed transactions totaling more than $4.3 billion. This significant milestone reflects the platform's growing influence in the market. The company’s recent acquisition of a cloud-based technology platform, known as Altigo, further bolsters its commitment to enhancing services in the alternative investment sector.

About SEI

SEI delivers technology and investment solutions that connect the financial services industry. With a focus on investment processing, operations, and asset management, SEI partners with corporations, financial institutions, and ultra-high-net-worth families to drive sustainable growth and informed decision-making. As of now, SEI manages, advises, or administers assets totaling approximately $1.5 trillion.

Frequently Asked Questions

What is SEI's new partnership with KKR focused on?

The partnership aims to provide increased access to alternative investments for registered investment advisors and their clients, enhancing efficiency and user experience.

How does SEI's e-subscription technology work?

SEI's e-subscription technology integrates electronic documentation processes, allowing for smoother and quicker transaction processing in alternative investment markets.

Why are alternative investments gaining popularity?

Investors are increasingly seeking alternatives to enhance portfolio diversification, especially as significant growth in alternative asset investments is projected.

What challenges do wealth managers face in accessing alternative investments?

Many wealth managers face operational barriers, such as complicated paperwork and administrative tasks, which restrict their ability to adopt alternative investments.

What is SEI's current market presence?

SEI's alternatives platform is utilized by over 250 wealth management firms and has overseen more than $4.3 billion in transactions across thousands of subscriptions.

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