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NEW YORK, April 4, 2017 /PRNewswire/ — Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced its assets under administration now exceed $150 billion.

Since its founding in 2009, Gen II has grown significantly to become the industry’s largest independent firm focused on private equity fund administration.  Norman Leben, Managing Principal of Gen II commented, “Our dedication to the highest standards of performance in our industry, an unrivaled track record of exceptional client service and our long term focus and dedication to the private equity fund administration have enabled us to reach this milestone.  We thank our clients for their trust in us and our more than 170 team members for working each day to exceed our client’s expectations.”  Gen II oversees more than 2,000 fund entities and reports to over 9,000 Limited Partners around the world.

Gen II’s growth is due to in part to the market’s demand for a dedicated, team-based and client-focused approach to private equity administration services.  “We are extremely pleased with our client growth over the past year, including existing firms that have transitioned onto our platform, and the four largest emerging managers in 2016,” said Steven Millner, Gen II Managing Principal. “The market recognizes that a top quality fund administrator is a core component of the General Partner’s operational infrastructure.  We are excited about our prospects for further growth and look forward to servicing our existing clients and new clients for many years to come.”

NEW YORK, Feb. 28, 2017 /PRNewswire/ — Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced the successful completion of an independent examination of its Administrative, Accounting and Reporting Services.

The independent examination – Service Organization Control Type 2 (SOC 1) in accordance with Statement on Standards for Attestation Engagements No. 16 issued by the AICPA (SSAE 16, formerly SAS 70) – marks the eighth 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, 2015 to November 30, 2016.

Gen II has committed to annual certification of its control environment as a core element of its service model. “Every RFP we receive from private fund sponsors as well as due diligence requests from their institutional investors requires confirmation of our unqualified SSAE-16, reinforcing the crucial importance of this report by the marketplace,” said Steven Alecia, Gen II’s Chief Client Officer.  “The SSAE-16, combined with our demonstrated performance at the highest levels, our internal Quality Control department, and, the most experienced and longest tenured team in the industry are all important differentiators for our clients and their investors. We know all investors, fund managers and regulators require these qualifications of private equity fund administrators as evidence of best-in-class operational processes, procedures and infrastructure.”

Gen II’s service and control environment is developed and delivered in adherence with established industry best practices. For Gen II’s clients, the SOC 1 report provides them with confidence 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.

Gen II Fund Services LLC, a third-party private equity fund administrator, today has hired Lee Ann Kidd as director of business development. Previously, Kidd worked at eFront Financial Solutions where she served as a vice president of sales for their private equity, real estate and infrastructure software solutions.

NEW YORK, February 3, 2017 – Gen II Fund Services, LLC, a leading third party Private Equity Fund Administrator, today announced that Lee Ann Kidd has joined the firm as Director of Business Development.

Based in Gen II’s San Francisco office, Ms. Kidd will be supporting Gen II’s business development and client relationship activities, with a focus on the Western U.S. In this role, she will work closely with Jeff Gendel, Managing Director – Business Development at Gen II. Mr. Gendel stated, “We are delighted to have Lee Ann join our team. Her long standing experience in the private equity fund community will serve our clients and prospects well.”

“I am extremely excited to take on this new role”, said Ms. Kidd. “Gen II provides the industry’s premier suite of fund administration services, and I look forward to working with the private equity community to extend Gen II’s presence.”

Ms. Kidd joins Gen II from eFront Financial Solutions, where she was a Vice President of Sales for their Private Equity, Real Estate and Infrastructure software solutions. Prior to joining eFront, Ms. Kidd was a Sales and Marketing Manager for Investment Café Investor Reporting Portal, owned by DMLT.

NEW YORK, Jan. 18, 2017 /PRNewswire/ — Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced the release of its automated ILPA Fee Template Reporting process for private fund clients.

Gen II’s ILPA Fee Template Reporting automation complements previous technology advances by Gen II, including integrating DTCC’s Alternative Investment Product Services, and a complete module for waterfall model calculation and simulation.

Gen II’s ILPA Fee Template Reporting process provides for timely and accurate ILPA reporting to institutional investors and enables our clients to provide ILPA compliant reports concurrent with other periodic LP statements. Combined with the previously released automated ILPA compliant capital call and distribution notice process, Gen II’s clients now enjoy a complete suite of ILPA compliant communications.

“The introduction of our automated ILPA Fee Reporting Template is an extremely important new product development at Gen II,” noted Steven Alecia, Gen II’s Chief Client Officer. “For those private fund sponsors and investors that require expedited reporting for their ILPA compliant investors, they can be confident in Gen II’s ability to expertly support these enhanced reporting requirements.”

NEW YORK, Jan. 11, 2017 /PRNewswire/ — Gen II Fund Services, LLC, the industry’s largest independent Private Equity Fund Administrator, is pleased to announce the following four team members have been promoted to Managing Director.

Amber Koiner, Managing Director, is responsible for overseeing the team that provides Gen II’s Management Company administration services, which offers corporate accounting and financial reporting functions for management company entities of all sizes.

Kevin Mahnken, Managing Director, oversees client engagements and dedicated teams that provide best-in-class services to Gen II’s fund clients.  Kevin’s client responsibilities include some of the world’s largest private equity asset managers.

Peter Rosenstein, Managing Director – Operations, has responsibility for driving operational and processing efficiencies throughout the Firm for the benefit of Gen II’s clients and service teams.

Elise Silverman, Managing Director – Human Resources, is responsible for overseeing the Firm’s Human Capital activities and executing on our mission of recruiting, training, retaining and developing the industry’s best talent.

“We are delighted to make this announcement today” said Steven Millner, Managing Principal of Gen II. “These promotions reflect our commitment to reinvesting in our core asset – our people.”

Norman Leben, Managing Principal commented, “Amber, Kevin, Peter and Elise have all made significant and meaningful contributions to our clients and to Gen II.  We look forward to working with our new Partners for many years to come.”

Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced that it has joined The Depository Trust & Clearing Corporation (DTCC) Alternative Investment Product (AIP) Services.

AIP is a platform that links global market participants — including broker/dealers, fund managers, fund administrators and custodians, providing a single standard, efficient end-to-end process for alternative investments including private equity, hedge funds, funds of funds, non-traded real estate investment trusts (REITs), managed futures and limited partnerships.

Gen II’s membership in the AIP services enables the Firm to seamlessly and efficiently service our private fund sponsor clients that maintain investor relationships with Registered Investment Advisors.

“Joining the DTCC services is an important step for our clients and their investors,” noted Steven Alecia, Gen II’s Chief Client Officer. “For those sponsors that work closely with the Registered Investment Advisor community, they can take comfort in our ability to expertly support their relationships with RIAs and provide consistent, detailed reporting to the end investor.”

NEW YORK- Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced the successful completion of an independent examination of its Administrative, Accounting and Reporting Services.

The independent examination – Service Organization Control Type 2 (SOC 1) in accordance with Statement on Standards for Attestation Engagements No. 16 issued by the AICPA (SSAE 16, formerly SAS 70) – marks the seventh 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, 2014 to November 30, 2015.
Gen II has committed to annual certification of its control environment as a core element of its differentiated service model. “The SSAE-16, combined with our dedicated service team approach, internal Quality Control department, SEC Cybersecurity compliance, unmatched performance, and the most experienced team in the private equity fund administration industry are all important differentiators for our clients and their investors,” said Gen II Chief Client Officer Steven Alecia. “Each of these items is a vital part of our service offering and Firm infrastructure. We know these attributes are required by all investors, fund managers and regulators as the focus intensifies on independent, transparent and quality operational procedures.”

Gen II’s service and control environment is developed and delivered in adherence with established industry best practices. For Gen II’s clients, the SOC 1 report provides them with confidence 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.

Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced its assets under administration now exceed $100 billion.

Since its founding in 2009, Gen II has grown significantly to become the industry’s largest independent firm focused on private equity fund administration. Norman Leben, Managing Principal of Gen II commented, “Achieving this level of assets under administration as quickly as we have is an extraordinary milestone for Gen II. We have continued to attract premier clients, which we believe is the result of our unmatched level of expertise. Our work with complex fund structures, complemented by our ability to execute at the highest levels and our partnership approach to client relationships resonates with private equity sponsors seeking a value added partner.” Gen II oversees more than 1,000 fund entities and reports to over 7,500 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. “In addition to attracting clients from the traditional sectors including buyout, infrastructure, energy, real estate, and debt funds we have experienced significant growth in hybrid funds, co-investment funds, and managed accounts,” said Steven Millner, Gen II Managing Principal. “Clients and their investors know that a quality fund administrator is a core component of the General Partner’s operational infrastructure. We are proud of the high praise we receive from both new and existing GPs and LPs and are very pleased with the market leadership position we have attained.”

Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced the successful completion of an independent examination of its Administrative, Accounting and Reporting Services.

The independent examination – Service Organization Control Type 2 (SOC 1) in accordance with Statement on Standards for Attestation Engagements No. 16 issued by the AICPA (SSAE 16 formerly SAS 70) – marks the sixth consecutive year that the firm 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, 2013 to November 30, 2014.

Gen II has committed to annual certification of its control environment as a core element of its differentiated service model. “This is the sixth consecutive year that Gen II has achieved an SSAE 16. This commitment to excellence provides Gen II, its clients and their auditors with an independent assessment of the design and operation of its control environment,” said Gen II Chief Operating Officer Steven Alecia. “This is a vital part of our firm infrastructure as investors, fund managers and regulators intensify their focus on independent, transparent and quality operational procedures.”

Gen II’s service and control environment is developed and delivered in adherence with established industry best practices. For Gen II’s clients, the SOC 1 report provides them with confidence 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.

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.”