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Centerbridge Partners selects SEI to provide operating platform for PE, credit biz

SEI said April 12 that it was selected by Centerbridge Partners LP in late 2015 to provide a customizedoperating platform for its private equity and credit businesses.

Supplied through SEI's investment manager services division,the solution is tailored to Centerbridge's fund administration, fund accounting,middle-office and investor servicing requirements for both its private equity andcredit businesses. Centerbridge also intends to use additional SEI capabilitiesfor collateral management, treasury services and regulatory reporting.