08:41 AM EST, 11/29/2024 (MT Newswires) -- SEI Investments ( SEIC ) said Friday it was selected by Arrow Global Group to support its fund administration, loan operations, and investor services for its private credit fund in Luxembourg.

SEI's technology is expected to streamline the onboarding process as well as provide data insights and enhanced transparency, according to Meera Savjani, Fund chief financial officer for Arrow Global. Financial details were not provided.

Shares of SEI were up 1.1% in recent premarket activity Friday.