SEI has surpassed $1.5trn in alternative assets under administration (AuA) in its Investment Managers business and added KKR to its alternative investment access platform, the firm has revealed.

Investment vehicles from KKR will be available on SEI’s platform, which aims to provide investment advisers, broker-dealers, and their clients access to private markets investments.

SEI’s e-subscription technology is designed to provide increased access to alternative investments, greater processing efficiency, and an improved adviser and client experience.

With investments in alternative assets projected to grow by more than $1trn over the next four years, research by Mercer found that 85 per cent of wealth managers expect to increase allocations to one or more alternative asset classes within the next year.

However, it also revealed that 55 per cent of managers identified operational challenges, such as paperwork or administrative tasks, as impediments to adopting alternatives across their practice.

“Investor demand for alternative investments continues to increase, and this trend presents tremendous opportunity to broaden access to alternatives for advisers and wealth managers, while delivering the capabilities for enhanced portfolio diversification,” said SEI senior vice president, Kevin Crowe.

“With SEI’s unmatched industry position, we build the cross-market connections that can enable this access, and we’re thrilled to add KKR to our platform.”

SEI’s Investment Managers business, which has just passed $1.5trn in AuA, services private equity, private credit, venture capital, hedge, real estate, and infrastructure funds.

According to Preqin’s Future of Alternatives 2028 report, global alternative assets under management are expected to reach $24.5trn by 2028, with private equity and private debt projected to reach $8.5trn and $2.8trn, respectively.

SEI is the largest private credit fund administrator by assets globally, with its clients including 43 of the top 100 largest investment managers.

It aims to support clients in solving operational and business challenges, with expertise across a range of alternative strategies, asset classes and jurisdictions.

“As the market continues to evolve globally, we help our clients navigate uncertainty, simplify their investment processes, gain transparency into their data, and operate their businesses more efficiently,” SEI Investment Managers business head, Phil McCabe commented.

“With increasing investor demands for access to alternative investments and a regulatory environment growing with complexity, SEI is uniquely positioned to deliver on those needs.”

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