Aquiline, a private investment firm specialising in financial services and technology, is to acquire SEI’s Family Office Services business for $120m. Following the transaction’s close, which is expected to take place on 30 June, the business will operate as Archway.
SEI’s Family Office Services business delivers technology and outsourced services for the accounting, investment management, and reporting functions of family offices and family office divisions of financial intermediaries. SEI’s Archway Platform is designed to streamline family office
operations and deliver advanced financial reporting for ultra-high-net-worth families. As of 31 December,
2024, SEI’s Family Office Services business had $723bn in assets on the Archway Platform.
As part of the transaction, Family Office Services employees in SEI’s Indianapolis, Denver, and Oaks offices, including members of the Family Office Services business’ core leadership team, will transition with the business.
In a press statement, Vincenzo La Ruffa, Managing Partner at Aquiline, said: “The Archway Platform has long been the premier provider of accounting and reporting software solutions to family offices across the country. Its powerful general ledger engine can support the mostc omplex families, and we are excited to further invest and extend the platform.”
Morgan Stanley served as financial advisor to Aquiline, and Ropes and Gray served as legal counsel to Aquiline. Holland & Knight served as legal counsel to SEI.
