SEI And Carlyle: Private Markets Fund Launch Expands Access To Private Equity, Credit, And Real Assets

SEI and Carlyle have launched the SEI Carlyle Private Markets Fund (PRVTX), a closed-end interval fund designed to give wealth investors access to institutional private market investments through a single investment vehicle. The fund combines Carlyle's private markets capabilities with SEI's portfolio construction, asset allocation, and liquidity management expertise. The launch builds on a strategic relationship announced earlier in 2026 and reflects the companies' efforts to expand private market access across the wealth management and retirement sectors.

PRVTX provides exposure to private equity, secondaries, private credit, real estate, and collateralized loan obligations. SEI, as investment adviser, is responsible for portfolio construction, asset allocation, liquidity management, and ongoing oversight, and holds sole investment discretion over the fund. SEI also contributes exposure through its CLO capabilities, providing access to structured credit alongside the fund's other strategies. Carlyle manages, sponsors, or advises certain underlying private market products that may be included in the portfolio, but it is not the fund's investment adviser or sub-adviser, and the two companies remain separate organizations.

SEI and Carlyle position the interval fund structure as a way for wealth investors and financial advisors to access multiple private market strategies without independently selecting and managing several alternative funds. For advisors, the single-ticker structure is designed to simplify implementation and ongoing management. The fund also marks another step in SEI's strategy of developing solutions through partnerships with specialized asset managers. SEI, which provides investment management, financial technology, and operational services, reported approximately $2 trillion in assets managed, advised, or administered as of September 30, 2026. Carlyle, which operates Global Private Equity, Global Credit, and Carlyle AlpInvest, reported approximately $479 billion in assets as of the same date and employs more than 2,600 professionals across 28 offices on four continents.

The filing-level liquidity terms are restrictive relative to listed vehicles. PRVTX shares are not listed on an exchange, and investors should not expect an active secondary market. The fund intends to offer quarterly share repurchases, generally expected to equal 5% of outstanding shares, but these may not accommodate all withdrawal requests. The initial repurchase offer is expected after two full quarters of operations. The fund also carries risks associated with private market strategies, including illiquidity, valuation uncertainty, leverage, and credit risk. As a newly established fund, PRVTX has no published operating track record.

In commentary, SEI's Robert Hum, Head of Investment Product and Commercialization, said the launch is an important milestone in broadening access to institutional capabilities at scale. Shane Clifford, Head of Global Wealth at Carlyle, said PRVTX marks an important milestone in the firms' strategic relationship and reflects a shared commitment to expanding access to private markets for individual investors.