SEI Adds KKR to Alternative Investments Access Platform

Core Insights - SEI has announced the integration of KKR's investment vehicles into its platform, enhancing access to private market investments for registered investment advisors and broker-dealers [1][3] - The demand for alternative investments is on the rise, with projections indicating a growth of $1.2 trillion in alternative assets over the next four years [2][4] - SEI's platform has processed over$4.3 billion in alternative transactions, indicating strong market activity and adoption [3] Industry Trends - 85% of wealth managers plan to increase allocations to alternative asset classes within the next year, highlighting a significant shift towards alternative investments [2] - Operational challenges, such as paperwork and administrative tasks, are seen as barriers to the adoption of alternative investments by 55% of wealth managers [2] Company Developments - SEI's alternatives platform is currently utilized by over 250 wealth management firms and 165 fund managers, showcasing its extensive reach in the market [3] - The acquisition of Altigo in December 2023 enhances SEI's technological capabilities in managing alternative investments, including inventory and reporting [3][5] - As of June 30, 2024, SEI manages, advises, or administers approximately $1.5 trillion in assets, reflecting its significant presence in the financial services industry [5]