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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.

Gen II Fund Services, LLC, the industry’s largest U.S. based, independent Private Equity Fund Administrator, is pleased to announce the promotion of Merryn Rosewall to Principal, Quality Control.

Merryn Rosewall, Principal, has senior level oversight responsibility for Gen II’s Quality Control department, and has over 20 years of accounting, auditing, and private equity administration experience. He leads a team of professionals that ensures the highest quality and accuracy of client deliverables across Gen II’s customer base.

Merryn Rosewall epitomizes the strong breadth and depth of talent that Gen II brings to client servicing,” said Norman Leben, Gen II’s Managing Principal.  “Our Quality Control team is a vital differentiator for our clients and their investors.  Under Merryn’s leadership of our Quality Control department, we have continued to raise the bar on performance excellence in the private equity fund administration industry.”

“We are delighted to announce this promotion today,” said Steven Millner, Managing Principal of Gen II. “Our team members are the cornerstone of Gen II’s success and are the primary reason why Gen II maintains the industry’s highest client retention rate. We are committed to personal growth and career development for our employees, and Merryn’s promotion is a direct reflection of that commitment.”