NEW YORK, April 4, 2017 /PRNewswire/ — Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced its assets under administration now exceed $150 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, “Our dedication to the highest standards of performance in our industry, an unrivaled track record of exceptional client service and our long term focus and dedication to the private equity fund administration have enabled us to reach this milestone. We thank our clients for their trust in us and our more than 170 team members for working each day to exceed our client’s expectations.” Gen II oversees more than 2,000 fund entities and reports to over 9,000 Limited Partners around the world.
Gen II’s growth is due to in part to the market’s demand for a dedicated, team-based and client-focused approach to private equity administration services. “We are extremely pleased with our client growth over the past year, including existing firms that have transitioned onto our platform, and the four largest emerging managers in 2016,” said Steven Millner, Gen II Managing Principal. “The market recognizes that a top quality fund administrator is a core component of the General Partner’s operational infrastructure. We are excited about our prospects for further growth and look forward to servicing our existing clients and new clients for many years to come.”