SEI's Advisors' Inner Circle Fund Reaches $100 Billion in Net Assets

Core Insights - SEI's Advisors' Inner Circle Fund series trust has reached $100 billion in net assets, supporting 47 clients and 128 funds, showcasing its growth and operational capabilities [1][2] - The AIC has evolved from mutual funds to include ETFs, interval, and tender-offer funds, establishing itself as a leading turnkey platform for '40 Act vehicles [2] - The ETF market has seen significant growth, with assets increasing by 25% year-over-year, totaling $9.2 trillion across 3,618 funds [3] - Interval and tender-offer funds have also experienced robust growth, with net assets increasing by 24.2% from Q1 2023 to Q1 2024, gaining $10.6 billion in net assets during the first quarter of 2024 [3][4] - Investment managers are increasingly outsourcing fund operations to focus on investment expertise and business growth, capitalizing on shifting investor preferences [3][4] Company Overview - SEI provides technology and investment solutions across investment processing, operations, and asset management, managing approximately $1.5 trillion in assets as of June 30, 2024 [5] - The Investment Managers business of SEI offers advanced operating infrastructure to help investment organizations compete in a challenging landscape, partnering with over 320 asset managers, including 43 of the top 100 worldwide [6]