SOURCE: SEI

SEI

May 23, 2012 08:45 ET

SEI Extends Relationship With Key Capital to Include Private Equity Operations Outsourcing

SEI to Support Fund of Private Equity Fund Offering With Operational Infrastructure and Sophisticated Reporting Technology

OAKS, PA--(Marketwire - May 23, 2012) - SEI (NASDAQ: SEIC) today announced that it has extended its relationship with Key Capital Investment Management Limited to include an operational outsourcing solution for the firm's private equity business. Key Capital's private equity offering is designed to provide family offices and high-net-worth private clients with exposure to a pre-identified list of Europe's leading private equity firms including Apax, Cinven, CVC, Equistone, and Permira. The extension of SEI's services is in recognition of the company's cutting-edge technology, strong service model, and global reputation and presence.

Under the agreement, SEI will provide a full range of services for Key Capital's private equity business including accounting, administration services, treasury, LP/investor servicing, Irish trustee and custodial services, data management, and performance reporting. Key Capital will also utilize SEI's Manager Dashboard tool, which provides managers with flexible, transparent, and aggregated views of their data across all their investment products and asset classes. Other critical factors in Key Capital's decision were SEI's Investor Dashboard, a reporting website that facilitates greater communication and transparency with investors and partners, along with SEI's extensive private equity experience.

"We chose to work with SEI for our new private equity offering because they have already proven to be a strong partner for us," said Kyran McStay, Managing Director, Key Capital. "SEI's full suite of services together with its reliable and intuitive reporting system provides us with the flexibility and transparency that we need. As we will be working with a number of leading European private equity firms, SEI's experience in private equity was a key differentiating factor. Additionally, given our sophisticated investor base, we are confident that SEI's reporting and technology capabilities deliver the level of operational quality they demand."

"Key Capital and its partners expect the highest quality infrastructure and we are committed to delivering that," said Philip Masterson, Senior Vice President and Managing Director, SEI's Investment Manager Services division. "We have built a reputation as an outsourcing leader across a variety of investment products and asset classes by providing our clients with the infrastructure, stability, and transparency they need to better serve their clients. We are excited to expand our relationship with Key Capital and look forward to supporting them as they continue to grow and evolve their business."

About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to support investment managers globally across a range of registered and unregistered fund structures, diverse investment strategies and jurisdictions. With expertise covering traditional and alternative investment vehicles, the division applies customized operating services, industry-leading technologies, and practical business and regulatory insights to each client's business objectives. SEI's resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recently recognized by Buy-Side Technology as "Best Fund Administrator," by Hedge Funds World Middle East as "Best Service Provider" and by HFMWeek as "Best Single Manager Hedge Fund Administrator (Over $30B AUA)" in the U.S. and "Best Administrator - Technology Provider" in Europe. For more information, visit www.seic.com/ims.

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $428 billion in mutual fund and pooled or separately managed assets, including $189 billion in assets under management and $239 billion in client assets under administration. For more information, visit http://www.seic.com.

About Key Capital
Key Capital is an independent financial advisory firm that was founded in 2001 and has offices in Dublin and London. It operates in two distinct activities: Investment Banking -- high quality and independent advice and Investment Management -- servicing institutional and HNW investors. Key Capital Investment Management Ltd (KCIML) is regulated by the Central Bank of Ireland and the FSA. Key Capital's asset management business is conducted through its wholly owned subsidiary Key Capital Investment Management Limited ("KCIML"). KCIML currently manages two Fund strategies: one that invests in the equity and debt tranches of CLOs and the other a global macro fund. The approach to asset management is based on a thorough and detailed understanding of the dynamics specific to asset classes invested in combined with an understanding of the likely impact of broader market themes. For more information, visit www.keycapital.ie.