SEI, Canoe Update Data Flows for Family Offices

Fintech firms SEI Investments and Canoe Intelligence have moved to help family offices meet higher demand for access to alternative investments by streamlining data transmission on the SEI Archway Platform via an enhanced integration.

The transmission of private equity and hedge fund valuations and private equity call and distribution data is now automated, improving efficiency for family offices using the platform, the firms said Tuesday.

Family offices allocated 42% of their investment portfolios to alternative assets in 2023, according to the SEI and Canoe, which said that global alternative assets are forecast to reach $23 trillion by 2027.

SEI’s technology and investments are used to manage, advise and administers about  $1.5 trillion in assets; its Family Office Services platform has $630 billion in assets. Canoe is focused on providing alternative investment intelligence to wealth managers, institutional investors and other clients.

As demand for alternative assets has grown, single family offices have been challenged with manual data management workflows, resulting in inefficient data aggregation, accounting and reporting that can be prone to errors, they said.

By automating data transmission and ensuring consistency, this integration improves accessibility and integration of alternatives data, according to the firms.