SEI, the asset services provide, has been selected by H.I.G. Capital (H.I.G.), the $70bn alternatives investments manager to provide administration and depositary services for Luxembourg and Cayman Islands private equity and infrastructure assets.
H.I.G. provides equity and debt capital to middle-market companies and has managed more than 400 companies worldwide. Strategies include private equity, growth equity, real estate, direct lending, infrastructure, special situations debt, and growth-stage healthcare.
The SEI infrastructure will integrate with H.I.G.’s existing platforms to automate workflows, reduce manual data entry, eliminate duplication, and enhance data transparency, it said.
Brendan Dolan, European chief financial officer at H.I.G., commented: “SEI’s global scale, broad operational and technology capabilities, expertise in fund administration and private markets, and local service all provide a significant competitive edge, and make them the ideal partner to support our strategic business goals. We’re delighted to work with SEI to ensure greater operational efficiency and streamlined data management as we grow and continue to serve our limited partners.”
Bryan Astheimer, head of SEI’s Investment Managers business for EMEA, stated: “Many firms are seeking a strategic partner with global private markets expertise and capabilities that help eliminate in-house data replication and improve efficiency. We’re excited to partner with H.I.G., a firm that shares our commitment to delivering solutions that add strategic and operational value for clients.”
“The seamless integration of H.I.G.’s infrastructure with SEI’s platform was executed through our onsite team of experts, helping to alleviate the conversion pressures. SEI’s solution provides full data visibility and transparency to help streamline workflows and enable long-term business scale. Through our local operational teams, decades of deep expertise in the private markets space, and experience servicing across major domiciles, we provide firms with quality, customised solutions that help them grow and better serve their clients.”
SEI research published in June 2025 suggests that 58% of private market asset managers would prefer to work with a single fund administrator instead of multiple providers, and nearly two-thirds said the ability to reduce replication through improved data quality impacts their choice of provider.
SEI is ranked sixth out of 164 fund administrators in Luxembourg based on alternative assets under administration (AUA), the firm cites Preqin data as of 21 July 2025. It has operational centres in Oaks, Pennsylvania, London, Dublin, and Luxembourg. In 2024 it claimed more than $1.5trn in alternative assets under administration in its Investment Managers business.
