SEI Acquires Novus Partners to Broaden Capabilities for Large Institutional Investors

OAKS, Pa., Nov. 12, 2021 – SEI (NASDAQ:SEIC) today announced the acquisition of Novus Partners (Novus), a global portfolio intelligence platform company, designed to expand SEI’s capabilities for both the institutional investor and investment management markets. 

“The financial services landscape is ever-evolving. Our markets continue to face an unprecedented pace of change, and we continuously seek opportunities to stay ahead of and manage this change,” said Alfred P. West, Jr., SEI Chairman and CEO. “By making strategic investments in our solutions and workforce, we drive growth and help our clients make confident decisions for their futures.”

Novus’ platform streamlines data management, performance measurement, reporting, attribution and look-through analysis in a single digital tool. The addition of these data management and analytics capabilities to SEI’s Enhanced CIO Platform helps meet the needs of the markets SEI serves. With Novus’ analytics tool for exposure, attribution and risk, SEI can provide large institutional investors and asset owners with a complete front-to-back-office solution across all asset classes.  

SEI provides services across the continuum of institutional investors, ranging from those with internal investment operations to those that outsource investment implementation. SEI’s Enhanced CIO Platform supports investment teams and following the acquisition of Novus, SEI intends to enhance its current offering by integrating Novus’ global portfolio intelligence tool, now branded as SEI Novus, with SEI’s comprehensive investment intelligence and processing capabilities. SEI Novus will continue to provide asset managers with advanced portfolio intelligence, analytics and reporting technology in an effort to improve their overall investment programs and to allow them to share data and intelligence with large institutional investors and asset owners.  

“We identified a significant need among larger institutional investors for an end-to-end solution that provides enriched data and analytics. We believe the combination of SEI Novus’ front-end analytics capabilities with our extensive middle- and back-office investment processing capabilities and knowledge of institutional markets ultimately delivers that solution,” said Paul Klauder, Head of SEI’s Institutional Group. “We welcome the Novus team to the SEI family and look forward to their contribution to our client offering and our company’s growth.”

Founded in 2007, Novus pioneered the development of portfolio intelligence capabilities and works with more than 140 clients who manage over $4 trillion in assets. Key components of the acquisition for SEI included Novus’ broad geographic presence and the expertise of its talented workforce around portfolio analytics and the delivery of cloud-native applications. Following the acquisition, operations will continue in all four of Novus’s current global locations (New York, London, Austin and Zurich), and 49 of Novus’ full-time employees will join SEI.  

“There is no better fit than SEI for Novus to accelerate its path. Like Novus, SEI has fintech roots and relationships with both asset owners and asset managers,” said Andrea Gentilini, Chief Executive Officer at Novus. “Because SEI provides many of the crucial data that our clients rely on to consume analytics within Novus, we believe institutional investors will finally get the one-stop platform they’ve been craving. All of us at Novus are very excited for our clients and about what’s to come.”

Globally, SEI currently works with over 440 institutional investors and more than 500 asset managers including 49 of the top 100 asset managers worldwide*. Novus currently works with 43 institutional investors and 102 asset managers. Novus processes private portfolio information on more than 15,000 public and private funds.

Learn more about SEI Novus and SEI’s Enhanced CIO Solutions.

*Based on Pensions & Investments’ “Largest Money Managers” 2020 ranking.

About SEI’s Institutional Group

SEI’s Institutional Group provides institutional investors with outsourced investment management services and custom platforms to support insourced investment staffs. SEI is one of the first and largest global providers of outsourced or OCIO investment management services to the institutional marketplace and recently launched its Enhanced CIO services globally to institutional investors that desire to have internal resources. The company delivers these integrated solutions to approximately 450 clients in 9 countries, as of Sept. 30, 2021. Our solutions are designed to help clients meet financial objectives, reduce business risk and fulfill their due diligence requirements through implemented strategies for the management of defined benefit plans, defined contribution plans, endowments, foundations and board-designated funds. For more information visit: seic.com/institutional-investors.

About SEI 

After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions designed to help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of Sept. 30, 2021, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers approximately $1.3 trillion in hedge, private equity, mutual fund and pooled or separately managed assets, including approximately $392 billion in assets under management and $866 billion in client assets under administration. 

About Novus Partners

Novus is a portfolio intelligence company that solves the unique data and analytics challenges facing capital allocators and fund managers across all investment types—liquid and illiquid. The Novus Platform offers sophisticated portfolio management, aggregation, and analytics, which in turn facilitates efficient communication between stakeholders. With simple data workflows and newfound data-driven insights, clients can make more confident investment decisions. Fourteen years ago, Novus invented the art of portfolio intelligence and now supports clients with a total AUM over $4 trillion, from four offices around the world.  

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While the information contained in this document has been provided by SEI in good faith, no warranty is given as to its accuracy or completeness.