Gen II Fund Services increases assets under administration to over $75 Billion
January 20 2015
Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced its assets under administration now exceed $75 billion.
Since its founding, Gen II has grown significantly to become one of the industry’s largest firms focused on private equity fund administration. Norman Leben, Managing Principal of Gen II commented, “We are delighted to have achieved this milestone, it reflects the hard work and dedication of the entire Gen II team, and reinforces the trust that our clients and the industry’s limited partners place in us.” Gen II oversees more than 750 fund entities and reports to over 6,500 Limited Partners around the world.
Gen II was created to meet the growing demand for a dedicated, team-based and client-focused approach to private equity administration services. “We’ve experienced tremendous growth this past year,” said Steven Millner, Gen II Managing Principal. “Growth in 2014 has come across all sectors of the industry, including buyout, infrastructure, energy, debt, real estate and fund of funds, as the community recognizes that a quality fund administrator with institutional grade processes and procedures is an integral part of the private equity landscape.”
About Gen II Fund Services Gen II Fund Services, LLC is focused exclusively on providing superior fund administration services to private equity fund sponsors and investors around the world. Gen II offers private equity firms the best-in-class combination of people, process and technology, enabling GPs to most effectively manage their operational infrastructure, financial reporting and investor communications.
Gen II administers more than $75B of private capital covering more than 750 fund entities and reports to more than 6,500 LPs on behalf of our clients. The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, and has received the highest levels of customer satisfaction of any fund administrator. In Global Custodian’s most recent survey of private equity fund administrators, Gen II received the highest scores among all firms surveyed. For more information, please visit www.gen2fund.com.
Jeff Gendel Managing Director Gen II Fund Services, LLC 212-408-0501