SEI Investments acquires alternative investment platform Altigo

SEI acquired Altigo, a cloud-based technology platform that provides inventory, e-subscription, and reporting capabilities for alternative investments. While not a material capital transaction, SEI expects the acquisition of Altigo to drive growth and expand its strategic opportunity in the alternatives space. The company intends to provide the distribution of and access to a selection of alternative investment products in a Software-as-a-Service model to its existing investment manager, advisor, and banking clients in the first half of 2024.