Gen II Fund Services increases assets under administration to over $100 Billion

Updated on: July 17, 2023

Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced its assets under administration now exceed $100 billion.

Since its founding in 2009, Gen II has grown significantly to become the industry’s largest independent firm focused on private equity fund administration. Norman Leben, Managing Principal of Gen II commented, “Achieving this level of assets under administration as quickly as we have is an extraordinary milestone for Gen II. We have continued to attract premier clients, which we believe is the result of our unmatched level of expertise. Our work with complex fund structures, complemented by our ability to execute at the highest levels and our partnership approach to client relationships resonates with private equity sponsors seeking a value added partner.” Gen II oversees more than 1,000 fund entities and reports to over 7,500 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. “In addition to attracting clients from the traditional sectors including buyout, infrastructure, energy, real estate, and debt funds we have experienced significant growth in hybrid funds, co-investment funds, and managed accounts,” said Steven Millner, Gen II Managing Principal. “Clients and their investors know that a quality fund administrator is a core component of the General Partner’s operational infrastructure. We are proud of the high praise we receive from both new and existing GPs and LPs and are very pleased with the market leadership position we have attained.”

Published on: December 2, 2015