SEI To Serve As OCIO For Delaware Community Foundation

Sep 15 2017 | 11:29pm ET

Global fund operations specialist SEI has been engaged by The Delaware Community Foundation to serve as outsourced chief investment officer for approximately $180 million of the foundation's assets. 

The partnership has also resulted in the creation of three distinct investment pools that the foundation can now offer its existing and potential donors, named the Flagship Long-Term Growth Pool, Intermediate-Term Index Pool, and Socially Responsible Pool.

SEI has seen increased interest in OCIO services from community foundations seeking to add fiduciary oversight and investment expertise to complement their investment committee, the company said in a statement. The firm SEI has $88.5 billion in institutional OCIO assets, including over 170 non-profit clients representing $23.9 billion in assets.

The Delaware Community Foundation is one of more than 750 such foundations in the United States. It is a nonprofit organization that establishes and manages charitable funds for individuals and organizations primarily from Delaware and surrounding areas.

Founded in 1961, SEI is a leading global provider of investment processing, investment management, and investment operations solutions. As of June 30, 2017, SEI manages, advises or administers $809 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $307 billion in assets under management and $497 billion in client assets under administration.

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