Aquiline Acquires SEI Family Office Services Unit

The platform also provides services for private banks, alternative asset managers and private wealth advisers.

Aquiline Capital Partners L.P. announced Tuesday that the investment manager closed its $120 million acquisition of the family office services business unit of financial technology and asset management services provider SEI Investments Co.

The unit began operating under the name Archway, as of June 30. Archway will provide family offices with accounting, investment management and reporting. The Archway platform, as of March 31, supported $733 billion in assets. The platform also provides services for private banks, alternative asset managers and private wealth advisers.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

“The intricate nature of many family offices requires a robust infrastructure that can support the complexity of their wealth and investments,” said Vincenzo La Ruffa, Aquiline’s managing partner, in a statement. “We are excited to invest in Archway to support the continued success of their clients. SEI’s depth of expertise across the financial services industry has been invaluable throughout this process.”

The acquisition was announced in February. As of March 31, Aquiline managed $12 billion in assets. SEI manages, advises or administers $1.6 trillion in assets.

«