Closed-End Funds

Superior operating capabilities are critical to the success of any closed-end fund manager.  But you have greater issues to address, including:

  • Fluctuating market flows
  • Industry challenges
  • Pressure to meet performance margins

By outsourcing your investment operations to SEI you gain access to state-of-the-art technology and in-depth industry knowledge and experience in one place.  SEI’s professionals are capable of handling the most complex and sophisticated closed-end funds and have experience with:

  • Auction rate preferred shares (ARPS), debt leverage and derivatives activity
  • Maintaining '40 Act coverage requirements, rating agency requirements and debt covenants
  • Optimizing collateral requirements between lenders, ARPS and prime brokers

Partnering with SEI

Strategically partnering with SEI gives you access to:

  • A full suite of operating services designed specifically to meet the needs of closed-end funds. 
  • Capabilities and expertise around:
    • Processing and reconciling leveraged positions – including reconciliation with creditors and monitoring lending covenant compliance
    • Handling reconciliation of paid-in-capital activity at the time of initial public offering and any subsequent offering periods
  • Customized accounting reports with flexible delivery options, including off-cycle reports
  • Compliance, legal and tax support services, including income reallocations
  • Compliance guidance and support through our ComplianceAdvantage Program
  • Ongoing business intelligence and best practices through the SEI Knowledge Partnership program
  • Superior client service through an experienced Strategic Relationship Manager committed to and accountable for the continued success of your fund operations

For over 25 years, SEI has been a leading provider of operations outsourcing services to investment managers worldwide.  When you select SEI, you gain a partner committed to seeing your business succeed.