Gen II Fund Services, LLC (“Gen II”), an independent global fund administrator, achieved top rankings in the 2013 Global Custodian Private Equity Administration Survey. Gen II achieved the highest overall score of any private equity administrator in the Survey. Additionally, Gen II received the highest scores in the Survey for servicing funds under $1 billion, servicing funds $1-10 billion, and as a single provider administrator.
In its seventh year, The Global Custodian Private Equity Survey is the recognized industry survey ranking the quality of third party private equity administrator’s client satisfaction. The 2013 Survey rated 10 global administrators, including Gen II.
The Survey reflects both client quotes and editorial commentary. “Gen II has made a rather spectacular entrance to the PEFA survey.” According to one Gen II client, “They are head and shoulders above other administrators that I interviewed during the selection process.”
“We are very proud of the acknowledgement of what we have accomplished. Executing at the highest level has always been our commitment to our clients and their investors,” said Norman Leben, Managing Principal and co-founder of Gen II. “We want to thank our clients for their support and trust, and our staff for their commitment to excellence,” said Steven Millner, Managing Principal and co-founder of Gen II.
The Survey ranked 12 service areas in such categories as client service, value, accounting and reporting to LPs and GPs, regulatory reporting and technology. According to the results, Gen II “comfortably outperforms the global weighted average.”