Gen II Fund Services, LLC, the largest U.S. based independent private equity fund administrator, announced today that assets under administration now exceed $235 billion.
“This achievement is further evidence of the value that the private equity community derives from a premier fund administration partner – one that consistently demonstrates industry-best performance, market leading technology, and a dedicated focus on private equity,” said Steven Millner, Gen II Managing Principal. “The private equity and investor community are each placing increasing importance on operational infrastructure, and Gen II has become the administrator of choice for sponsors seeking a focused and long-term partner.”
Gen II now services over 115 fund sponsors spanning the private equity industry, including buyout, fund of funds, real estate, infrastructure, credit and other closed end structures. Gen II’s clients include many of the industry’s most established private equity firms along with private equity’s premier emerging managers.
Norman Leben, Gen II Managing Principal said, “We would like to thank our clients and our more than 275 dedicated professionals for helping us to reach this milestone. Our ongoing investments in people, processes, and technology have been instrumental in our steady, measured growth. This approach and focus has enabled our clients to achieve scale and greater efficiency as they raise capital.”