Gen II Fund Services Releases Insights From GP/LP Technology Survey

Updated on: July 18, 2023

NEW YORK, NEW YORK, June 6, 2023 – Gen II Fund Services, LLC (“Gen II”), a leading independent private capital fund administrator, today announced it has released its Fund Administration Technology Report based on a survey conducted for Gen II by The Harris Poll. The report outlines GP and LP views on fund administration technology, automation, and reporting, and identifies an elite class of GPs who are distancing themselves from peers.

“We found a pronounced stratification across GPs based on how they view their own progress toward using technology and automation to meet evolving LP reporting expectations,” said Steven Millner, Chief Executive Officer and Co-Founder, Gen II Fund Services. “Faced with ever growing fund complexity, there is an emerging elite class of GPs who understand the correlation between technology risk and reward and have committed to using it to gain and maintain market advantage.”

“It was clear from our survey that a large percentage of elite GPs have two main characteristics—they outsource their fund administration to gain efficiency and stay current, and they value service,” said Ishita Shah, Chief Commercial Officer, Gen II Fund Services.  “This focus on technology and high levels of customer service appears to be a hallmark of fund administration across these elite GPs.”

The Fund Administration Technology Report: Private Equity’s New Differentiator can be downloaded at:

About Gen II

Gen II is a leading fund administration provider focused entirely on serving private capital asset managers and investors. Since its inception in 2009, the company has become one of the largest independent private capital fund administrators, with more than $900 billion of private fund capital under administration. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling GPs to manage their operational infrastructure, financial reporting, and investor communications most effectively. For more information, please visit

Published on: June 5, 2023

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