Updated on: March 28, 2023
Firm Ranked #1 for Funds Over $1 Billion
NEW YORK, November 2, 2020 — Gen II Fund Services, LLC, a leading independent private equity fund administrator, has been named a top service provider in the recent Preqin special report, Service Providers in Alternative Assets. Preqin is a leading provider of data, analytics, and insights to the alternative assets industry.
Preqin ranked Gen II among the top 10 fund administrators in 13 categories. In terms of fund size for funds closed from 2019 through the first half of 2020, Gen II was among the top five servicers in three categories, including number one for funds of $1 billion or more. Other categories included closed first-time funds, and funds closed in specific asset classes such as private debt, real estate, infrastructure and natural resources. The firm was third in servicing private capital funds currently in the market (54), and fourth in the number of closed funds serviced for all time (231).
“As the Preqin report notes, quality of service is of paramount concern for general partners in selecting a fund administrator,” said Steven Millner, Managing Principal and Co-Founder, Gen II. “Our placement in the Preqin rankings is testament to the effectiveness of Gen II’s Well-Run Fund model, providing managers with best-in-class fund administration and technologies. We thank Preqin for this informative report and thank the numerous managers who continue to place their trust in Gen II.”
In compiling the Service Providers in Alternative Assets report, Preqin surveyed alternative fund managers in August 2020. Preqin used data on over 52,000 private capital funds, 440,000 private capital deals, 32,900 hedge funds, and 5,900 service providers from the company’s Preqin Pro platform. The report was published in September.
About Gen II
Gen II is one of the largest independent private equity fund administrators, administering over $350 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 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. For more information, please visit www.gen2fund.com.
Published on: November 2, 2020