SEI improves transparency with Burgiss

Source: Burgiss

SEI (Nasdaq: SEIC) today announced that it has partnered with the Burgiss Group to enhance its private equity platform by providing new levels of transparency and reporting to its private equity fund of funds clients.

SEI will utilize Burgiss' technology to deliver detailed financial reporting data of the underlying portfolio company in a convenient online format. The new capabilities meet an ongoing demand for increased transparency and reporting data to fund of funds managers and their investors.

Through the strategic partnership, SEI and its clients gain immediate access to reporting on the underlying private equity funds in the Burgiss Group's database. SEI will integrate Burgiss' proprietary reporting information seamlessly into its own private equity operational platform, providing investors with in-depth reporting data in a single, consolidated online view. Clients are now able to track and assess their investments and exposures to portfolio companies with a level of detail and consistency that was not previously possible.

"We continue to look for ways to deliver added value to our clients," said Jim Cass, Vice President, SEI's Investment Manager Services division. "This strategic partnership allows us to give fund of funds managers, as well as limited partners, the depth of information they need to run their businesses more effectively and help satisfy their investors' need for added transparency. It also reduces the amount of time our clients need to spend finding and recording this information themselves, allowing them to focus more on their core business. We're pleased to partner with the Burgiss Group to help our clients better serve their investors and grow their businesses."

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