Fund administration by industry experts

Gen II offers a full and comprehensive range of fund administration services for private equity sponsors and financial institutions where diligence, integrity, and industry-leading expertise are non-negotiable.

Our high-touch private equity fund administration services give you the peace of mind to know your accounting services are well in hand — allowing you to give your investors complete attention.

Gen II will scale with the ambitions of your value chain. If a stand-alone fund with a limited set of investments, or a multi-billion buyout strategy that has several jurisdictions and investment vehicles, Gen II’s 25+ years in this business position us to handle the most complex waterfalls and partnership allocations.

Best-in-class fund administration services

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By offering private equity administrative services, our experienced team has seen the evolution of fund administration from relatively simple to extraordinarily complex — all the while requiring ever-expanding human capital, greater technological resources, and continually changing governing expectations. While needs change from investor to investor, so do requirements from sponsor to sponsor.

At Gen II, we provide private equity clients with an opportunity to tailor their service plan with our team and their deep expertise in back-office administration, plus a wide range of preferred returns/waterfall models, waterfall calculations computations, allocations, and their implications for US, European, and hybrid financial firms.

Your dedicated team will provide maintenance of financial books and records as well as investor contact databases, while also delivering client service that avoids the typical service gaps that occur with disparate teams.

In addition, Gen II employs US GAAP, IFRS, and tax basis financial reporting and is current with all ILPA guidelines and reporting standards -- including use of ILPA-compliant notices, reporting, and fee templates.

Your service plan will be a customized from the following list of services:

  • Comprehensive transition and launch assistance
  • Financial, investor, and investment reporting, including footnotes
  • Preparing documents for independent auditors and tax advisors, as well as audit confirmations for LPs
  • GIPS standards support
  • Maintain and record portfolio investment activity (fund of fund investments)
  • Performance reporting and modeling
  • Underlying fund analytics
  • Supporting credit facility borrowings, repayments, and payoffs
  • Calculations for management fees, carried interest, and preferred returns
  • Portfolio investment reporting
  • Capital call and distribution processing
  • Maintenance of capital accounts
Gen II is the rare administrator that separates its quality control division from client service operations, a Gen II "standard of operation" since the firm opened in 2009. Additionally, at Gen II, all administration services are US based.

Providing timely & accurate accounts

At Gen II, we provide a tailored approach to our fund sponsors’ accounting needs because we understand that requirements can be different based on your fund’s stage of maturity, as well as the business sector you inhabit.

With a thorough knowledge of the best practices for accounting principles and transparent reporting processes within each industry sector, we provide you with accurate, timely reporting. From analyzing financial performance to valuations to preparing transparent financial reporting, our private equity accounting services allow you to strengthen bottom-line performance while managing overall costs.

Build a strong foundation for success

You want the absolute best chance for success with any new fund and that starts with convincing others to invest in your fund. That requires a well-thought-out business plan with an assertive marketing strategy and top-notch due diligence. Let us provide you with a smooth private equity fund launch through our essential services and support.

Gen II’s clients leverage our deep relationships with LPs and LP consultants and our more than 25 years of experience in firm and fund formation, helping emerging managers build a strong foundation for success:

  • New firm and fund launch consultation
  • Review of operational best practices
  • Establishment of standard operating procedures
  • Operational due diligence assistance
  • Complete suite of Fund administration services
  • Management Company budgeting and forecasting
  • Management Company accounting, administration, and reporting
  • Bill payment and vendor maintenance
  • Expense tracking and allocation
  • Comprehensive Financial and Operational Reporting
  • Data analytics and integration
  • Coordination with other service providers

Analytics designed specifically for you

We offer a cloud-based, purpose-driven private equity platform, called Private Equity Exchange, or PEX, that allows us to absorb vast amounts of digital information. Once assimilated, your data analytics can be normalized, sorted, and seamlessly reported in the format that we customize for you and your investors.

As a single-source data information platform, PEX has customizable dashboards and reporting via an unlimited set of integrated user-defined metrics and, through advanced cybersecurity compliance, allows you on-demand access from any device.

Additionally, Gen II offers Sensr®, our fully managed fund performance and attribution analysis tool that has been purpose-built for our private equity clients. Sensr® brings drill-down capabilities and aggregation tools for agile, intuitive, and accessible information for funds and investors 24/7/365.

Our suite of proprietary tools and digital technologies takes your data to new heights of sophistication where you can access your information when you need it.