SEI announced the company has been hired by Delaware Community Foundation to serve as outsourced chief investment officer (OCIO) for approximately $180 million of the foundation’s assets. The strategic partnership has also resulted in the creation of three distinct investment pools that the foundation can now offer its existing and potential donors. These pools include the Flagship Long-Term Growth Pool, Intermediate-Term Index Pool, and Socially Responsible Pool.
The strategic partnership has also resulted in the creation of three distinct investment pools that the foundation can now offer its existing and potential donors. These pools include the Flagship Long-Term Growth Pool, Intermediate-Term Index Pool, and Socially Responsible Pool, a release from SEI stated.
SEI has seen increased interest in the company’s OCIO services from community foundations who seek to add fiduciary oversight and investment expertise to complement their investment committee. As of June 30, SEI has $88.5 billion in institutional OCIO assets including more than 170 non-profit clients representing $23.9 billion in assets.
For more information visit: seic.com/institutions.
