OAKS, PA — SEI® (NASDAQ: SEIC) and Canoe Intelligence (Canoe) have announced an enhanced integration that automates the transmission of private equity and hedge fund valuations, as well as private equity call and distribution data. This advancement aims to improve operational efficiency for family offices using the SEI Archway PlatformSM.
With global alternative assets predicted to reach $23 trillion by 2027, family offices allocated 42% of their investment portfolios to alternative assets in 2023. The growing demand for alternative assets has challenged single family offices with manual data management workflows, resulting in inefficient and error-prone data aggregation, accounting, and reporting processes. The enhanced integration streamlines data accessibility, ensuring consistency and maximizing operational efficiency.
“Investors expect a personalized wealth management experience tailored to meet their individual financial goals, and alternatives can play an important role in portfolio diversification,” said Sandy Ewing, Head of SEI’s Family Office Services. “Family offices require solutions that help make alternatives data more accessible and accurate given the complex and historically manual nature of the ongoing data management process.”
SEI has a long-standing history of offering client-centric solutions for managing alternative assets. The company has been at the forefront of this trend for over 25 years, providing tools like the SEI Archway Platform and SEI Altigo® Platform to enhance the alternatives investment experience. “We’re thrilled to expand our relationship with Canoe as we continue to deliver on our commitment to our clients,” Ewing added.
The enhanced integration introduces a new data channel that simplifies the collection, aggregation, and analysis of alternative asset data for SEI Archway Platform users. This connectivity allows mutual clients to automate fund and allocation-level data gathering, improve the processing of alternative asset pricing and capital transactions, and streamline alternative investment reporting processes.
“As family offices and wealth managers increase their allocations to alternatives, they need technology that paints a more detailed, accurate picture and provides greater control over investment document workflows,” said Mike Muniz, Chief Revenue Officer at Canoe Intelligence. “We’re excited for this evolution of our strategic partnership with SEI as we work together to power the future of wealth by making alternative asset data more efficient and actionable.”
This integration marks a significant step in enhancing the operational efficiency and decision-making capabilities of family offices, empowering them to manage their alternative assets with greater confidence.
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