SEI Enhances Private Equity Reporting Platform To Deliver Portfolio Company Level Transparency
By Sei Investments Company, PRNESunday, May 16, 2010
DUBAI, United Arab Emirates, May 17, 2010 - SEI (Nasdaq: SEIC) today announced that it has partnered with the Burgiss
Group to enhance its private equity platform by providing new levels of
transparency and reporting to its private equity fund of funds clients. SEI
will utilise Burgiss' technology to deliver detailed financial reporting data
of the underlying portfolio company in a convenient online format. The new
capabilities meet an ongoing demand for increased transparency and reporting
data to fund of funds managers and their investors.
Through the strategic partnership, SEI and its clients gain immediate
access to reporting on the underlying private equity funds in the Burgiss
Group's database. SEI will integrate Burgiss' proprietary reporting
information seamlessly into its own private equity operational platform,
providing investors with in-depth reporting data in a single, consolidated
online view. Clients are now able to track and assess their investments and
exposures to portfolio companies with a level of detail and consistency that
was not previously possible.
"We continue to look for ways to deliver added value to our clients,"
said Jim Cass, Vice President, SEI's Investment Manager Services division.
"This strategic partnership allows us to give fund of funds managers, as well
as limited partners, the depth of information they need to run their
businesses more effectively and help satisfy their investors' need for added
transparency. It also reduces the amount of time our clients need to spend
finding and recording this information themselves, allowing them to focus
more on their core business. We're pleased to partner with the Burgiss Group
to help our clients better serve their investors and grow their businesses."
About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive
operational outsourcing solutions to global investment managers focused on
mutual funds, hedge and private equity funds, exchange traded funds,
collective trusts, and separately managed, as well as institutional and
private client, accounts. The division applies operating services,
technologies, and business and regulatory knowledge to each client's business
objectives. Its resources enable clients to meet the demands of the
marketplace and sharpen business strategies by focusing on their core
competencies. The division has been recognised by Buy-Side Technology as
"Best Fund Administrator" and by HFMWeek as "Best Funds of Hedge Funds
Administrator." For more information, visit
www.seic.com/enME/im/1312.htm.
About SEI
SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset
management, investment processing and investment operations solutions. The
company's innovative solutions help corporations, financial institutions,
financial advisors, and affluent families create and manage wealth. As of
March 31, 2010, through its subsidiaries and partnerships in which the
company has a significant interest, SEI administers US$394 billion in mutual
fund and pooled assets and manages US$162 billion in assets. SEI serves
clients, conducts or is registered to conduct business and/or operations,
from numerous offices worldwide. For more information, visit
www.seic.com/enME.
About Burgiss
The Burgiss Group, LLC is a privately-held technology and financial
services company headquartered in Hoboken, New Jersey. The firm specialises
in software-based solutions for investors in private equity and other
alternative assets. Its 300+ clients are some of the world's largest
investors in alternative assets and include pension funds, endowments,
foundations, funds of funds, gatekeepers, consultants and family offices.
Burgiss has clients in sixteen countries. For more information, please visit
www.burgiss.com.
Services provided by SEI Investments - Global Fund Services Limited (Reg.
in Dublin No. 424309), SEI Investments Trustee & Custodial Services (Ireland)
Limited (Reg. in Dublin No. 315393), and their affiliates, which are all
wholly owned subsidiaries of SEI Investments Company.
SEI Investments - Global Fund Services Limited and SEI Investments
Trustee & Custodial Services (Ireland) Limited (Styne House, Upper Hatch
Street, Dublin 2, Ireland) are authorised by the Financial Regulator under
the Investment Intermediaries Act 1995.
This material is not directed to any persons where (by reason of that
person's nationality, residence or otherwise) the publication or availability
of this material is prohibited. Persons in respect of whom such prohibitions
apply must not rely on this information in any respect whatsoever.
Dana Grosser, SEI, +1-610-676-2459, dgrosser at seic.com; or Rory King / Katy Hall, Penrose Financial, +44-0207-786-4888, seiims at penrose.co.uk
Tags: Dubai, May 17, Middle East, Sei Investments Company, united arab emirates