SEI and Carlyle launched the SEI Carlyle Private Markets Fund (PRVTX) on Nov. 10, 2026. The fund is a closed-end interval fund. It offers wealth investors access to private markets through a single ticker.
Fund structure
SEI serves as the fund's investment adviser and manages asset allocation, liquidity, and portfolio construction. Carlyle manages, sponsors, or advises the underlying private markets products. The fund covers private equity, secondaries, private credit, real estate, and collateralized loan obligations.
Company scale
SEI manages, advises, or administers approximately US$2 trillion in assets as of Sept. 30, 2026. Carlyle reported US$479 billion in assets under management on the same date. Carlyle employs more than 2,600 people across 28 offices.
Liquidity terms
The fund plans quarterly repurchase offers for a limited amount of shares. Each offer is expected to cover 5% of outstanding shares. Repurchases are scheduled for March, June, September, and December.
No secondary trading market is expected for the fund's shares. The first offer is planned after two full quarters. SEI Investments Distribution Company distributes the fund to US investors only.