OAKS, Pa. and LUXEMBOURG - SEI (NASDAQ:SEIC), a $10.6 billion financial services company that has delivered a remarkable 44% return over the past year, has been selected by Arrow Global Group Limited, a European alternative asset manager, to provide fund administration, loan operations, and investor services for its private credit fund based in Luxembourg. This partnership aims to address the increasing demand for private credit by offering solutions to operational challenges faced by alternative asset managers.According to InvestingPro analysis, SEI demonstrates strong financial health with multiple positive indicators, including 10 consecutive years of dividend increases. InvestingPro subscribers have access to over 10 additional key insights about SEI's performance and outlook.
Arrow Global, known for specializing in private credit and real estate, will leverage SEI's technology to enhance transparency, streamline processes, and support their global operations. Meera Savjani, Fund CFO at Arrow Global, emphasized the importance of data transparency for maintaining investor confidence and SEI's role in facilitating their business growth through customized solutions.
SEI, recognized for its private credit expertise and extensive experience across alternative strategies, operates from centers in Oaks, PA, London, Dublin, and Luxembourg. The company's integrated platform is designed to provide clients with a clear view of their data and fund operations. With an impressive gross profit margin of 78.6% and a healthy current ratio of 5.8, SEI demonstrates strong operational efficiency. Bryan Astheimer, Head of SEI's Investment Managers Business, EMEA, expressed excitement about supporting Arrow Global's strategic growth and integrating new processes to their workflow.
The selection of SEI by Arrow Global reflects the company's strong position in the market. SEI is ranked seventh out of 129 fund administrators in Luxembourg based on assets under administration (AUA) and is noted as the largest fund administrator for private market funds in Luxembourg managed by a U.S. firm, as well as the largest private credit fund administrator globally by assets.
SEI's Investment Managers business offers operating infrastructure to investment organizations, aiding them in overcoming business challenges and evolving in the competitive landscape. The company manages, advises, or administers approximately $1.6 trillion in assets as of September 30, 2024.
This partnership announcement is based on a press release statement and reflects the ongoing trend of alternative asset managers seeking advanced operational solutions to meet the growing investor interest in private credit markets. For a comprehensive analysis of SEI's financial health, growth prospects, and detailed metrics, investors can access the full Pro Research Report available on InvestingPro, which provides in-depth analysis of over 1,400 US stocks, including key valuation metrics and expert insights.
In other recent news, SEI Investments (NASDAQ:SEIC) has been making headlines with its strong financial performance. The company's recent quarterly results surpassed estimates, with a notable increase in operating margins from 26% to 27% and record-breaking sales events totaling $46 million. The earnings per share (EPS) for the period was reported at $1.19, exceeding both analyst expectations and consensus estimates. After adjusting for one-time gains, the core EPS was estimated at $1.11.
In response to these developments, Piper Sandler has revised its price target for SEI Investments, raising it to $77 from the previous target of $74, while maintaining a neutral stance on the stock. Similarly, Oppenheimer has increased its price target to $85 from the previous $81, maintaining an Outperform rating on the stock. Both firms have shown confidence in SEI Investments' potential for continued financial growth.
Furthermore, SEI Investments' revenue from the Federal Deposit Insurance Corporation (FDIC) cash program is projected to double in the fourth quarter due to enhancements that increased the cash sweep. The company's assets under management, administration, and advisement have also reached new highs, contributing to its robust financial performance. These are recent developments that underline SEI Investments' strong position in the financial sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.