Arrow Global selects SEI for fund administration services in Luxembourg
Alternative asset manager Arrow Global has selected SEI to support its fund administration, loan operations and investor services for its private credit fund domiciled in Luxembourg.
Arrow Global focuses on private credit and real estate opportunities in Europe, and services around €90bn (£70.9bn) of assets under management.
Read more: Arrow Global reports record origination as funds under management hit €10.5bn
SEI is the largest fund administrator for private market funds in Luxembourg that are managed by a US firm and the largest private credit fund administrator by assets globally, according to Preqin data. It partners with more than 320 traditional asset managers, alternative managers and sovereign wealth managers globally.
“We’re committed to delivering strong risk-adjusted returns for our investors, and having transparency into data is key to maintaining our investors’ confidence in that commitment,” said Meera Savjani, fund chief financial officer at Arrow Global.
Read more: Arrow announces $400m investment from Abu Dhabi SWF
“SEI’s technology provides the robust and scalable solutions that are customised based on our needs – helping us elevate our business through a streamlined onboarding process, increased data insights and transparency, and efficient processes.”
Bryan Astheimer, head of SEI’s investment managers business, EMEA, added: “We are thrilled to partner with Arrow Global and support their strategic growth. An important element of transformation is bringing employees along the journey, and we worked closely with Meera and the Arrow Global team to communicate and integrate new processes into their workflow and products.
“As access to the alternatives market continues to expand, asset managers like Arrow Global are looking to meet investor demand through technology and operational solutions that are tailored to their needs and increase efficiency.”
Read more: Arrow Global chief eyes opportunities in specialty asset classes
Arrow Global won the award for Distressed Debt Manager of the Year this year’s Alternative Credit Awards.
