OAKS, PA — SEI (NASDAQ: SEIC) has expanded its transfer agency business to support SEC-registered retail and alternative investment funds, positioning the financial technology company to capitalize on growing demand for semi-liquid private market products.
The company stated that it has launched SEI Transfer Agency and Registry Services Inc., an SEC-registered transfer agency that will serve U.S.-based traditional and alternative asset managers offering SEC-registered funds. The platform is built on technology from investor accounting software provider Envision Financial Systems.
The expansion broadens SEI’s transfer agency capabilities beyond its institutional business, which has supported collective investment trusts for the past 18 years. As of March 31, 2026, the business serviced more than 1,100 funds representing approximately $395 billion in assets under management, according to the company.
The new transfer agency will support semi-liquid alternative investment vehicles, including Investment Company Act of 1940 registered interval funds, tender offer funds and business development companies, as well as certain Securities Exchange Act of 1934 registered private funds.
“The expansion of SEI’s transfer agency capabilities strengthens our role as a trusted strategic partner in helping our clients navigate an ever-changing industry landscape,” said Sean Lawlor, head of public markets for SEI’s Investment Managers business. He stated the offering is intended to help fund managers launch and scale products while reducing administrative complexity through a single provider.
According to SEI, the transfer agency provides investor recordkeeping and accounting, transaction processing, digital investor and advisor interfaces, business process automation, dealer support services, investor reporting, tax reporting, and compliance with Securities Exchange Act requirements.
SEI noted that the expansion comes as asset managers seek broader access to private market investments for retail investors. The company cited Morningstar data showing semi-liquid funds surpassed $530 billion in total net assets by the end of 2025.
“Private and public markets continue to converge, bringing new opportunities and increased complexity,” said Phil McCabe, head of SEI’s Investment Managers business. He says the expanded transfer agency enables the company to leverage its technology and operational capabilities as private markets continue to grow.
Brian Jones, chief operating officer of Envision Financial Systems, states the companies’ partnership combines SEI’s operating model with Envision’s automated technology platform to support the increasing number of semi-liquid alternative funds entering the market.
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