Carlyle launches private markets fund with SEI

Detailed summary

Global investment firm Carlyle has partnered with SEI Investments to launch a private market fund targeting wealth investors, according to an announcement. The SEI Carlyle Private…

Global investment firm Carlyle has partnered with SEI Investments to launch a private market fund targeting wealth investors, according to an announcement.

The SEI Carlyle Private Markets Fund (PRVTX) is a closed-end interval fund that provides diversified exposure to private equity, private credit, and real assets.

The fund also provides access to a broader mix of strategies, including secondaries, real estate, and collateralized loan obligations (CLOs).

It combines Carlyle’s institutional private markets expertise and global sourcing capabilities with SEI’s portfolio construction and management expertise, per the announcement.

Carlyle manages, sponsors, or advises the underlying private markets products included in the fund. SEI acts as investment adviser, overseeing portfolio construction, asset allocation, liquidity management, and ongoing portfolio management.

SEI will also contribute investment exposure through its CLO capabilities, bringing together the firms’ complementary expertise in a single professionally managed product.

According to its prospectus, the fund is classified as an “interval fund”, which is an investment vehicle that provides individual investors with access to strategies typically limited to large institutional investors.

Robert Hum, head of investment product and commercialisation at SEI, said broader adoption of private markets required thoughtful portfolio construction, ongoing allocation decisions, and investment solutions suited to financial advisers.

“By combining Carlyle’s private markets expertise with SEI’s investment, portfolio construction, and implementation capabilities, PRVTX provides a more seamless path to private markets exposure through a single, professionally managed solution,” Hum said.

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