SEI Launches SEC-Registered Transfer Agency for Semi-Liquid Funds

SEI (Nasdaq: SEIC) has launched a new U.S. Securities and Exchange Commission-registered transfer agency to service interval funds, tender-offer funds, business development companies, and 3(c)(7) funds, the firm said.

The new SEC-registered entity will service ’40 Act-registered closed-end interval funds, closed-end tender-offer funds, and business development companies, as well as ’34 Act-registered 3(c)(7) funds. It runs on technology from Envision Financial Systems, an investor accounting platform provider. SEI’s institutional transfer agency has serviced collective investment trusts and other products for 18 years, supporting more than 1,100 funds representing $395 billion in assets under management as of March 31, 2026.

The expansion targets the fast-growing semi-liquid alternative fund category, which surpassed $530 billion in total net assets by the end of 2025, according to Morningstar. The category includes products that allow periodic but limited liquidity, a structure increasingly used to bring private market strategies to retail investors.

“The expansion of SEI’s transfer agency capabilities strengthens our role as a trusted strategic partner in helping our clients navigate an ever-changing industry landscape,” said Sean Lawlor, head of public markets for SEI’s Investment Managers business. He said the Envision technology adds flexibility for fund managers “launching and scaling products, reducing administrative burden, increasing cost efficiency through a single provider, and growing assets.”

SEI manages, advises, or administers approximately $1.9 trillion in assets as of March 31, 2026. The firm has built out its alternatives infrastructure in recent years, including its 2023 acquisition of Altigo, a subscription-processing platform, and the SEI Access platform, which registered investment advisers and broker-dealers use to access alternative investment products.

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