Oak’s SEI Investments has agreed to sell its family office services business to New York-based investment firm Aquiline Capital Partners, writes Jeff

Oaks-based SEI Investments has agreed to sell a division of the company to a New York firm, affecting roughly 150 employees.

SEI Investments Co. SEIC has agreed to divest its Family Office Service operations to Acquiline Capital Partners LP (Acquiline) for $120 million. Details of SEIC’s Divestiture SEIC’s Family Office Services business offers technology and outsourced solutions that integrate accounting,