Source: Investing Published 11/29/2024, 16:06
OAKS, Pennsylvania 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 Luxembourg-based private credit fund. The partnership aims to meet the growing demand for private credit by providing solutions to the operational challenges faced by alternative asset managers. According to InvestingPro’s analysis, SEI demonstrates strong financial health with several positive indicators, including 10 consecutive years of dividend increases. InvestingPro subscribers can access over 10 additional key insights into SEI’s performance and outlook.
Arrow Global, known for its expertise in private credit and real estate, will leverage SEI’s technology to enhance transparency.
streamline operations and support its global operations. Mira Savjani, CFO of the fund at Arrow Global.
emphasized the importance of data transparency to maintain investor confidence and SEI’s role in facilitating their business growth through customized solutions.
Known for its expertise in private credit and extensive experience across alternative strategies.
SEI operates from hubs in Oaks, Pennsylvania, London, Dublin and Luxembourg. The company’s integrated platform is designed to provide clients with clear visibility into their data and fund operations. With an impressive gross profit margin of 78.6% and a healthy turnover ratio of 5.8, SEI demonstrates strong operational efficiency. Brian Astheimer, Head of SEI’s Investment Managers Business in EMEA, expressed his enthusiasm for supporting Arrow Global’s strategic growth and integrating new processes into their workflow.
SEI’s selection by Arrow Global reflects the company’s strong position in the market. SEI is ranked 7th out of 129 Luxembourg fund managers based on assets under management (AUA) and is the largest fund manager of private markets funds in Luxembourg managed by a U.S. firm.
as well as the largest private credit fund manager globally by assets.
SEI’s Investment Managers division provides institutional investors with an operational infrastructure that helps them navigate business challenges and evolve in the competitive landscape. The firm manages, advises or otherwise manages approximately $1.6 trillion in assets as of September 30, 2024.
The announcement of this partnership is based on a press release and reflects the ongoing trend of alternative asset managers seeking advanced operational solutions to meet 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 research report available on InvestingPro.
which provides in-depth analysis of over 1,400 U.S. stocks, including key valuation metrics and expert insights.
In other recent news, SEI Investments has been making headlines with its strong financial performance. The company’s latest quarterly results beat estimates.
with a notable increase in operating margins from 26% to 27% and record sales of $46 million. Earnings per share (EPS) for the period came in at $1.19, beating analysts’ expectations and consensus estimates. After adjusting for one-time gains, analysts estimated core EPS at $1.11.
In response to these developments, Piper Sandler 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 raised its price target to $85 from the previous $81, while maintaining an “outperform” rating on the stock. Both firms showed confidence in SEI Investments’ potential to continue its financial growth. Furthermore, SEI Investments expects its revenue from the FDIC Cash Program to double in the fourth quarter due to improvements that increased cash flow. The company’s assets under management, administration and advisory also reached new record levels, contributing to its strong financial performance. These recent developments underscore SEI Investments’ strong position in the financial sector.
