SEI to provide fund outsourcing services for new Middle Eastern property fund
SEI Investments Company, a provider of outsourced asset management, investment processing and investment operations services, has announced that it will be expanding its outsourcing services for Geni Capital to support Geni’s partnership with AREIT Management and the newly launched Geni GCC Commercial Real Estate Opportunities Fund.
The fund will target investments across the Gulf Co-operation Council (GCC) states. Under the terms of the agreement, SEI will provide administration, accounting and investor servicing to the fund, said the company.
Nick Goodson, partner at Geni Capital, said: Throughout our relationship with SEI, we have found their internal processes, people, and technology services, together with their ability to provide customized solutions for our product offerings to be first class.
John Alshefski, senior vice president and managing director for SEI’s investment manager services division, said: The Middle East has a growing importance for SEI and we are focused on supporting our clients’ changing and increasing needs in the region.
SEI is a global provider of outsourced asset management, investment processing and investment operations services. The company’s services help corporations, financial institutions, financial advisors, and affluent families create and manage wealth.