SEI is expanding its outsourcing services for Geni Capital LLP to support Geni's partnership with AREIT Management Limited and the newly launched Geni GCC Commercial Real Estate Opportunities Fund.
The Fund will target investments across the Gulf Cooperation Council States, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Under the terms of the agreement, SEI will provide administration, accounting and investor servicing to the Fund. Nick Goodson, Partner, Geni Capital said the firm picked SEI for its expertise and reputation in servicing and supporting Middle Eastern funds, as well as its ability to create a tailored and innovative solution to handle Geni's expanding needs.
John Alshefski, senior vice president and managing director for SEI's Investment Manager Services division said the Middle East was an important centre for the firm.
Geni specialises in structuring bespoke investment products for institutional, family office and high net worth investors. It has a diverse range of products in development and a number of investment funds under management as well as regular private equity placement activities. Geni is authorised and regulated by the UK Financial Services Authority.
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