H.I.G. Capital Selects SEI for Fund Administration Across Luxembourg and Cayman Domiciles

Operational infrastructure modernization has become a priority for H.I.G. Capital, with the firm selecting SEI to provide fund administration and depositary services for Luxembourg and Cayman Island-domiciled private equity and infrastructure assets. The partnership reflects growing emphasis on technology integration, data transparency, and operational efficiency across alternative investment operations.

SEI’s infrastructure will integrate with H.I.G.’s existing platforms to automate workflows, reduce manual data entry, eliminate duplication, and enhance data transparency across fund operations. The implementation addresses increasing complexity in fund administration as H.I.G. manages $70 billion in capital across multiple strategies and geographies.

“SEI’s global scale, broad operational and technology capabilities, expertise in fund administration and private markets, and local service all provide a competitive edge, and make them the ideal partner to support our business goals,” said Brendan Dolan, European Chief Financial Officer at H.I.G. “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, emphasized the partnership’s strategic elements: “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 value for clients.”

Technology Integration and Workflow Automation

Fund administration complexity increases as investment firms manage multiple fund structures, investment strategies, and regulatory jurisdictions. H.I.G.’s selection of SEI addresses these challenges through technology platforms enabling seamless integration with existing systems while providing transparency across fund operations.

The implementation leverages SEI’s operational centers in Oaks, Pennsylvania, London, Dublin, and Luxembourg, providing local expertise and service delivery across time zones. SEI’s onsite team executed the conversion, alleviating transition pressures while maintaining operational continuity during implementation.

“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,” Astheimer added. “SEI’s solution provides full data visibility and transparency to help streamline workflows and enable long-term business scale.”

Workflow automation addresses manual processes that consume resources and create error risks in fund accounting, investor reporting, and regulatory compliance. SEI’s platforms eliminate duplicate data entry while providing real-time visibility across portfolio holdings, capital activity, and performance metrics.

Data Management and Transparency Requirements

Limited partners increasingly demand enhanced transparency, standardized reporting, and real-time access to portfolio information. Fund administrators address these requirements through technology platforms integrating data from multiple sources while maintaining accuracy and compliance with regulatory standards.

According to SEI research, 58% of private market asset managers prefer working with a single fund administrator rather than multiple providers. Nearly two-thirds indicated that reducing data replication through improved quality impacts their administrator selection decisions.

H.I.G.’s fund strategies span private equity, growth equity, real estate, direct lending, infrastructure, and debt investments across geographies requiring specialized administration capabilities. SEI’s experience servicing across major domiciles provides expertise addressing diverse regulatory requirements and reporting standards.

The firm’s alternative assets under administration exceeded $1.5 trillion in 2024, reflecting SEI’s scale and capabilities serving large alternative investment managers. SEI ranks sixth among 164 fund administrators in Luxembourg based on alternative assets under administration according to Preqin data.

H.I.G. Capital’s Operational Excellence Priorities

The fund administration partnership reflects H.I.G.’s broader emphasis on operational infrastructure supporting investment activities and stakeholder relationships. The firm’s growth requires scalable systems addressing increasing complexity across fund structures, regulatory requirements, and investor reporting demands.

Investment professionals benefit from enhanced data access enabling portfolio monitoring, performance analysis, and decision-making support. Fund administration integration with H.I.G.’s platforms provides real-time visibility across holdings while maintaining data accuracy and audit trails.

Limited partner service delivery improves through standardized reporting, transparent performance tracking, and responsive communication addressing information requests. SEI’s technology enables customized reporting addressing diverse investor requirements while maintaining consistency across fund structures.

Regulatory compliance capabilities address evolving requirements across jurisdictions where H.I.G. operates funds. SEI’s expertise in Luxembourg, Cayman Islands, and other domiciles provides guidance on regulatory changes while implementing systems addressing compliance obligations.

Alternative Investment Administration Trends

Fund administration outsourcing continues growing as alternative investment managers seek specialized capabilities, technology platforms, and operational efficiency. Administrators provide scale advantages through dedicated teams, technology investments, and regulatory expertise that individual firms cannot replicate internally.

Middle market private equity funds face particular administration challenges balancing cost considerations with service quality and technology capabilities. H.I.G.’s selection of SEI addresses these factors through comprehensive solutions supporting multiple fund strategies from a single provider.

Infrastructure and real estate fund administration requires specialized expertise addressing property valuations, capital expenditure tracking, and sector-specific reporting requirements. SEI’s capabilities across asset classes enable H.I.G. to consolidate administration across diverse investment strategies.

Direct lending fund administration addresses loan portfolio monitoring, credit metrics tracking, and borrower relationship data requiring integration with credit underwriting and portfolio management systems. SEI’s platform supports these requirements while maintaining separation between investment and operations functions.

Technology Capabilities and Integration Requirements

Modern fund administration platforms incorporate artificial intelligence, machine learning, and automated workflows addressing manual processes and data reconciliation challenges. SEI’s technology investments enable these capabilities while maintaining security standards and audit controls.

Integration requirements vary across investment firms reflecting differences in existing systems, data structures, and operational processes. SEI’s implementation approach emphasizes understanding client workflows and configuring platforms addressing specific requirements while leveraging standard functionality.

Data governance capabilities ensure accuracy, completeness, and timeliness of information supporting investment decisions, investor reporting, and regulatory filings. SEI’s platforms incorporate controls, validation rules, and audit trails demonstrating data integrity and process compliance.

Cloud-based infrastructure provides scalability, disaster recovery, and access flexibility supporting distributed teams and remote work environments. SEI’s technology architecture addresses these requirements while maintaining security standards protecting sensitive portfolio and investor information.

Service Delivery and Relationship Management

Fund administration service models balance technology automation with relationship management and responsive support addressing client-specific requirements. SEI’s approach emphasizes dedicated teams understanding H.I.G.’s operations while leveraging shared resources and expertise across the administrator’s client base.

Local service delivery through SEI’s European operational centers provides time zone coverage and regulatory expertise addressing Luxembourg and other European domicile requirements. The geographic presence enables responsive communication and collaborative problem-solving addressing operational issues.

Transition management capabilities address implementation complexity and timeline pressures converting funds from existing administrators to new platforms. SEI’s experienced teams execute conversions minimizing disruption while maintaining operational continuity and stakeholder confidence.

Ongoing relationship management addresses evolving requirements as H.I.G. launches new funds, modifies strategies, or expands into additional jurisdictions. SEI’s partnership approach emphasizes understanding business objectives and configuring services supporting long-term growth plans.

Market Position and Competitive Dynamics

Fund administration markets demonstrate concentration among larger providers with global capabilities, technology investments, and specialized expertise. SEI’s ranking among top Luxembourg administrators reflects market position and capabilities serving alternative investment managers across fund structures and strategies.

H.I.G.’s administrator selection considered factors including technology capabilities, regulatory expertise, service quality, and partnership approach. The decision reflects confidence in SEI’s ability to support H.I.G.’s growth while maintaining operational excellence and stakeholder service.

Alternative investment administration continues evolving through technology adoption, regulatory changes, and investor expectations for transparency and reporting. Administrators investing in platforms, expertise, and service capabilities maintain competitive advantages serving sophisticated clients with complex requirements.

Current partnership demonstrates H.I.G.’s commitment to operational infrastructure supporting investment activities and stakeholder relationships. The firm’s selection of SEI provides foundation for continued growth while addressing increasing complexity across fund operations and regulatory compliance requirements.