Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced its assets under administration now exceed $75 billion.
Since its founding, Gen II has grown significantly to become one of the industry’s largest firms focused on private equity fund administration. Norman Leben, Managing Principal of Gen II commented, “We are delighted to have achieved this milestone, it reflects the hard work and dedication of the entire Gen II team, and reinforces the trust that our clients and the industry’s limited partners place in us.” Gen II oversees more than 750 fund entities and reports to over 6,500 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. “We’ve experienced tremendous growth this past year,” said Steven Millner, Gen II Managing Principal. “Growth in 2014 has come across all sectors of the industry, including buyout, infrastructure, energy, debt, real estate and fund of funds, as the community recognizes that a quality fund administrator with institutional grade processes and procedures is an integral part of the private equity landscape.”