Timeline

Key moments across our firm

A Leader in Private Equity Fund Administration

Gen II Fund Services is a premier private equity fund administrator, known for its expertise, precision, and client-focused approach. With an exclusive focus on private equity, we provide comprehensive fund administration solutions that help managers navigate complex structures, reporting requirements, and regulatory demands.

As the industry has evolved, so has Gen II—expanding globally, advancing technology, and refining best practices to meet the needs of today’s private equity firms. Our commitment to accuracy, efficiency, and transparency has made us a trusted partner to some of the largest and most sophisticated fund managers.

2009

GEN II FUND SERVICES LAUNCH

In 2009, industry pioneers establish Gen II Fund Services in New York City to create a better way to administer funds

2013

RANKED TOP FUND ADMIN IN GLOBAL CUSTODIAN SURVEY

Gen II receives top marks in the Global Custodian Survey for outstanding private equity fund administration

2015

$100+ BILLION AUA

Gen II surpasses $100 billion in assets under administration and becomes the industry’s largest independent private equity fund administrator

2017

GEN II OPENS BOSTON OFFICE

Gen II expands its U.S. presence with the opening of a new client service center in Boston, its third city nationwide

2018

$200+ BILLION AUA

Gen II Fund surpasses $200 billion in assets under administration, reflecting continued growth and client demand

2019

GEN II ACQUIRES QUILVEST LUXEMBOURG SERVICES

Gen II expands its global footprint by acquiring Quilvest’s Luxembourg fund administration business

GEN II AWARDED ABERDEEN STANDARD U.S. FUND ADMINISTRATION

Gen II is named the exclusive fund administrator to U.S. private equity funds sponsored by Aberdeen Standard Investments

2020

RANKED A TOP FUND ADMINISTRATOR BY PREQIN

Preqin ranks Gen II as a top fund administrator based on client-reported satisfaction and service quality

SIGNIFICANT INVESTMENT FROM GLOBAL INVESTORS

Gen II secures major investment from General Atlantic, Hg, and IH5 Markit to support its continued long-term growth and expansion

2021

GEN II ACQUIRES STONE PINE ACCOUNTING SERVICES

Gen II acquires Stone Pine Accounting Services, launching its dedicated Tax services and expanding its presence with a West Coast hub

2022

GEN II STRENGTHENS LEADERSHIP TEAM

Gen II enhances its leadership team by adding industry veterans, with co-founder Steven Millner now serving as CEO to drive the firm's continued growth

SENSR® SOLUTIONS LAUNCH

Gen II launches Sensr® Analytics, the first product in the Sensr Solutions suite of technology products designed to provide private capital firms and their investors with powerful access to all aspects of their fund data and analytics

2023

$1+ TRILLION AUA

Gen II surpasses $1 trillion in assets under administration, a milestone that reflects the firm’s continued growth, scale, and commitment to excellence in private equity fund administration

STRATEGIC & DIGITAL SOLUTIONS GROUP LAUNCH

Gen II launches its Strategic Digital Solutions Group, marking a significant investment in expanding capabilities to complement its core fund administration services

2024

GEN II ACQUIRES CRESTBRIDGE

Gen II expands its European presence with the acquisition of Crestbridge’s private equity and real estate fund administration business

A GLOBAL LEADER IN PE FUND ADMINISTRATION

Over the past 15 years, Gen II has established a global presence with operations in 13 cities and $1.5 trillion in assets under administration