Gen II Fund Services announces automation of ILPA Fee Reporting Template

Updated on: April 13, 2023

NEW YORK, Jan. 18, 2017 /PRNewswire/ -- Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced the release of its automated ILPA Fee Template Reporting process for private fund clients.

Gen II's ILPA Fee Template Reporting automation complements previous technology advances by Gen II, including integrating DTCC's Alternative Investment Product Services, and a complete module for waterfall model calculation and simulation.

Gen II's ILPA Fee Template Reporting process provides for timely and accurate ILPA reporting to institutional investors and enables our clients to provide ILPA compliant reports concurrent with other periodic LP statements. Combined with the previously released automated ILPA compliant capital call and distribution notice process, Gen II's clients now enjoy a complete suite of ILPA compliant communications.

"The introduction of our automated ILPA Fee Reporting Template is an extremely important new product development at Gen II," noted Steven Alecia, Gen II's Chief Client Officer. "For those private fund sponsors and investors that require expedited reporting for their ILPA compliant investors, they can be confident in Gen II's ability to expertly support these enhanced reporting requirements."

Published on: January 18, 2017