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H.I.G. Capital Selects SEI for Fund Administration and Depositary Services

1. SEI partners with H.I.G. Capital for fund administration services. 2. SEI's infrastructure enhances H.I.G.'s operational efficiency and data management. 3. 58% of private market managers prefer single fund administrators. 4. SEI is the sixth largest fund administrator in Luxembourg. 5. SEI surpassed $1.5 trillion in alternative assets under administration in 2024.

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Why Bullish?

The strategic partnership with H.I.G. indicates increasing demand for SEI's services, likely boosting revenues. Historical examples show similar partnerships led to market share growth for SEI.

How important is it?

The significance of this partnership directly relates to SEI's core competencies and enhances its competitive position in the market. Increased efficiency and operational synergy will likely appeal to other potential clients.

Why Long Term?

The integration of services with H.I.G. supports long-term operational goals and client satisfaction.

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Global Strategic Partnership to Enable Operational Efficiency, Reduce Replication , /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that the company was selected by H.I.G. Capital (H.I.G.), a leading global alternative investments firm with $70 billion of capital under management, to provide fund administration and depositary services for certain Luxembourg and Cayman Island-domiciled private equity and infrastructure assets. H.I.G. provides equity and debt capital to middle-market companies and has managed more than 400 companies worldwide. The firm's fund strategies include private equity, growth equity, real estate, direct lending, infrastructure, special situations debt, and growth-stage healthcare. SEI's infrastructure will enable seamless integration with H.I.G.'s existing platforms to automate workflows, reduce manual data entry, eliminate duplication, and enhance data transparency. Commenting on the strategic partnership, Brendan Dolan, European Chief Financial Officer at H.I.G., said: "SEI's global scale, broad operational and technology capabilities, expertise in fund administration and private markets, and local service all provide a significant competitive edge, and make them the ideal partner to support our strategic business goals. We're delighted to work with SEI to ensure greater operational efficiency and streamlined data management as we grow and continue to serve our limited partners." Bryan Astheimer, Head of SEI's Investment Managers business for EMEA, added: "Many firms are seeking a strategic partner with global private markets expertise and capabilities that help eliminate in-house data replication and improve efficiency. We're excited to partner with H.I.G., a firm that shares our commitment to delivering solutions that add strategic and operational value for clients. "The seamless integration of H.I.G.'s infrastructure with SEI's platform was executed through our onsite team of experts, helping to alleviate the conversion pressures. SEI's solution provides full data visibility and transparency to help streamline workflows and enable long-term business scale. Through our local operational teams, decades of deep expertise in the private markets space, and experience servicing across major domiciles, we provide firms with quality, customised solutions that help them grow and better serve their clients." According to SEI research, 58% of private market asset managers would prefer to work with a single fund administrator instead of multiple providers, and nearly two-thirds said the ability to reduce replication through improved data quality impacts their choice of provider. SEI is ranked sixth out of 164 fund administrators in Luxembourg based on alternative assets under administration (AUA)1. With operational centers in Oaks, PA, London, Dublin, and Luxembourg, SEI delivers a cohesive, integrated operational platform and client service model that provides clients with transparency into their data and day-to-day fund operations. The company partners with 45 of the top 100 asset managers worldwide* and in 2024 surpassed $1.5 trillion in alternative assets under administration in its Investment Managers business. 1Preqin as of 21 July 2025.*Based on Pensions & Investments' "Largest Money Managers" 2024 ranking. About SEI®SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of June 30, 2025, SEI manages, advises, or administers approximately $1.7 trillion in assets. For more information, visit seic.com. About SEI's Investment Managers businessSEI's Investment Managers business provides advanced operating infrastructure for investment organizations of all types to evolve and compete in a landscape of escalating business challenges. SEI's global operating platform delivers customized and integrated capabilities across a wide range of investment vehicles, strategies, and jurisdictions to investment managers and asset owners. The company's services enable users to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. For more information, visit seic.com/ims. SOURCE SEI Investments Company WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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