NEW YORK, Jan. 9, 2020 – Gen II Fund Services, LLC (“Gen II”) announced the opening of its newest client service center located in Dallas, Texas. The Dallas office is located at 4131 North Central Expressway in Dallas’ Uptown neighborhood and is a core component of Gen II’s strategic efforts to expand its physical presence in the U.S. Gen II now has five U.S. locations to service its private equity fund sponsor clients.
“Adding a service center and team in Dallas enhances our ability to provide the highest level of service for private equity fund sponsors operating in the U.S., particularly throughout Texas and the southwest,” said Norman Leben, Managing Principal and Co-Founder of Gen II.
Steven Millner, Co-Founder and Managing Principal of Gen II added, “Steady, measured growth, in concert with the market’s demand for our services, and enabling our clients’ ability to scale as they grow are core to our mission at Gen II. Our new Dallas office will help us to meet those objectives. We look forward to attracting additional talented individuals to further grow our Dallas-based team.”
About Gen II Fund Services Gen II Fund Services, LLC is one of the largest global independent private equity fund administrators, administering over $275 billion of private capital on behalf of its clients with offices in New York, San Francisco, Boston, Stamford, Dallas, and Luxembourg. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling fund sponsors to most effectively manage their operational infrastructure, financial reporting, and investor communications. The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co-investment, hybrid funds, feeder funds, venture capital, retail, and managed accounts.
New York, NY, September 17, 2019 – Gen II Fund Services, LLC (“Gen II”), a leading independent private equity fund administrator, today announced it has been named the exclusive fund administrator to certain private equity funds sponsored by Aberdeen Standard Investments Inc. and its affiliates (“ASI”). As part of the appointment, Gen II will provide fund accounting and reporting, fund administration and other related services to ASI’s USA private equity funds collectively representing in excess of $10 billion of committed capital.
“We appreciate the confidence ASI has in Gen II. ASI is a recognized global investment manager. We look forward to providing our industry leading, best-in-class solutions to ASI and their Investors. We welcome the former ASI fund administration team to Gen II,” said Steven Millner, Managing Principal and Co-Founder of Gen II.
“This appointment further validates Gen II’s position as a premier specialist in private equity fund administration. The addition of the ASI funds to Gen II’s platform further enhances and compliments Gen II’s breadth of services to fund-of-funds and the growing separately managed account sector of the private equity market,” said Norman Leben, Managing Principal and Co-Founder of Gen II.
About Aberdeen Standard Investments Inc.
Aberdeen Standard Investments is a leading global asset manager dedicated to creating long-term value for its clients, and is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.
With over 1,000 investment professionals ASI manages $669.6 billion of assets worldwide as of 30 June 2019. ASI has clients in 80 countries supported by 50 relationship offices. This ensures they are close to their clients and the markets in which they invest.
ASI are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, strong investment performance. ASI are resolute in their commitment to active asset management.
Aberdeen Standard Investments is the asset management business of Standard Life Aberdeen plc, one of the world’s largest investment companies.
Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange. The Standard Life Aberdeen group was formed by the merger of Standard Life plc and Aberdeen Asset Management PLC on August 14, 2017.
About Gen II Fund Services, LLC
Gen II Fund Services, LLC is the largest U.S. based independent private equity fund administrator, covering in excess of $275 billion of private capital on behalf of its clients. Gen II offers private fund sponsors the best-in-class combination of people, process and technology, enabling GPs to most effectively manage their operational infrastructure, financial reporting and investor communications.
The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad expertise across buyout, fund of funds, real estate, infrastructure, credit, co-investment, hybrid funds, feeder funds, venture capital, retail and managed accounts. For more information, please visit www.gen2fund.com.
New York, July 15, 2019 – Quilvest Private Equity and Gen II Fund Services, LLC and affiliates (“Gen II”) announced today their intention to enter into a strategic agreement whereby Gen II will acquire Quilvest Luxembourg Services S.A. (“QLS”), and Quilvest will remain a client of Gen II. QLS is a Quilvest affiliate based in Luxembourg providing Private Equity/Real Estate administration services and supporting over $5 Billion of assets. The transaction is subject to regulatory approval. Upon closing QLS will change its name to Gen II Luxembourg Services.
“We are extremely fortunate to be aligning with Quilvest Private Equity (“Quilvest”). Quilvest has approximately 125 professionals (of which 55 work at QLS) focused on providing private equity and real estate investment programs to investors worldwide. The QLS platform will enable Gen II to further develop its relationship with Quilvest, while also providing Gen II’s clients with capabilities to have a Luxembourg base of operations and trusted partner in Europe,” said Norman Leben, Managing Principal and Co-Founder of Gen II.
“The QLS team is a highly experienced and well recognized professional group. We look forward to the QLS team joining Gen II and helping us expand our global servicing capabilities,” said Steven Millner, Managing Principal and Co-Founder of Gen II.
Alexis Meffre, Executive Chairman of Quilvest Private Equity said, “Our investment management team is excited to be working closely with Gen II. We believe that Gen II’s reputation of being a trusted partner and delivering best-in-class services is what sets them apart. Our existing QLS professional team will be provided with the unique ability to further develop their careers with a world class organization.”
Gen II Fund Services, LLC, the largest U.S. based independent private equity fund administrator, announces the successful completion of an independent examination of its Administrative, Accounting and Reporting Services.
The independent examination – System and Organization Controls (SOC) 1 Type 2 in accordance with Statement on Standards for Attestation Engagements No. 18 issued by the AICPA (SSAE 18) – marks the tenth consecutive year that Gen II has achieved an unqualified report on its control environment. A major international accounting firm examined the design and effectiveness of Gen II’s specified controls for the period December 1, 2017 to November 30, 2018.
“Gen II’s SSAE 18 is a vital qualification for our clients and their investors” said Steven Alecia, Gen II’s Chief Client Officer. “General Partners and Limited Partners rely upon our annual SSAE 18 examination to satisfy their operational due diligence assessments. The SSAE 18 validates that our dedicated service team model, internal quality control department, and most experienced team in the industry enable us to continually raise the bar for best-in-class private equity fund administration.”
Gen II’s service and control environment is developed and delivered in adherence with established industry best practices. For Gen II’s clients, the SSAE 18 report provides evidence that Gen II has adequately described, in all material respects, its controls and, that its controls were suitably designed and operating effectively to achieve their specified objectives.
