New York, February 22, 2018 / — Gen II Fund Services, LLC, the largest U.S. based independent private equity fund administrator announced today that its assets under administration now exceeds $175 billion.
Gen II has grown to service over 100 private fund sponsors, administering over 2,100 fund entities and reporting to over 9,000 investors for our clients. We have also expanded our servicing capabilities beyond New York with additional client service teams in Boston, MA and San Francisco, CA. “Our singular focus on private equity fund administration, dedication to performance at the highest levels and our unmatched experience has proven to be a recipe that produces industry-best performance and client retention. We look forward in continuing to deliver service excellence to our clients,” said Steven Millner, Gen II Managing Principal.
The growth of Gen II is due in part to the market’s continued demand for a high touch model for private equity administration services. Norman Leben, Gen II Managing Principal commented, “We are grateful to our clients for their confidence and our Gen II team for their dedication, as we put tremendous efforts into ongoing training and development ensuring that our clients receive the highest quality level of service. Our continued investment into our people, process, and technology has created a foundation that has enabled us to reach this milestone.”