Aquiline to Acquire SEI's Family Office Services Business

Core Viewpoint - Aquiline has entered into a definitive agreement to acquire SEI's Family Office Services business, which will operate as Archway post-transaction, leveraging the established Archway Platform brand in the family office market [1][2]. Company Overview - Aquiline is a private investment firm focused on financial services and technology, managing approximately $11.3 billion in assets as of September 30, 2024, and has deployed around $7.0 billion across private equity, venture, and credit strategies [7]. - SEI is a leading global provider of financial technology, operations, and asset management services, managing, advising, or administering approximately $1.6 trillion in assets as of December 31, 2024 [9]. Transaction Details - The total purchase price for the acquisition is $120 million, with the transaction expected to close in late Q2 2025, pending regulatory approval and customary closing conditions [5]. - SEI's Family Office Services business had $723 billion in assets on the Archway Platform as of December 31, 2024, providing technology and outsourced services for family offices [2][6]. Strategic Implications - The acquisition is expected to enhance the growth and adoption of the Archway Platform within the private wealth landscape, as Aquiline aims to invest further in the platform [3][5]. - SEI has committed to investing in areas of its business that drive growth, having made substantial investments in solutions for the family office segment over the past seven years [4].