Core Viewpoint - Aquiline has entered into a definitive agreement to acquire SEI's Family Office Services business for $120 million, which will operate under the Archway brand after the transaction closes in late Q2 2025, pending regulatory approval [1][5]. 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 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]. Business Operations - SEI's Family Office Services business provides technology and outsourced services that enhance accounting, investment management, and reporting functions for family offices, with $723 billion in assets on the Archway Platform as of December 31, 2024 [2][6]. - The Archway Platform is recognized for its advanced financial reporting capabilities tailored for ultra-high-net-worth families, streamlining family office operations [2][3]. Strategic Intent - Aquiline aims to invest further in the Archway Platform to enhance its capabilities and accelerate growth within the private wealth landscape [3][5]. - SEI has committed to investing in growth areas of its business, having made substantial investments in solutions for the family office segment over the past seven years [4].
Aquiline to Acquire SEI's Family Office Services Business