SEI has announced the acquisition of Altigo, a cloud-based technology platform that provides inventory, esubscription, and reporting capabilities for alternative investments.
With 35 percent of investors aged 25 to 44 years indicating an increased demand for alternatives and global alternative assets expected to hit $23 trillion by 2027, fund sponsors are seeking efficient access to private clients, said the release. SEI aims to provide investors access to a variety of high-quality alternative investment products.
“We sit at the center of the financial services industry, which positions us to connect all components of the ecosystem in a way that others can’t,” said Ryan Hicke, SEI CEO. “Our client footprint across financial intermediaries and fund sponsors — combined with the breadth of our capabilities across technology, operations, and asset management — gives us opportunities to transform private fund investing and widen access to alternative investment
