Private equity fund administrator Gen II Fund Services has increased its assets under administration to in excess of USD150 billion.
Since its founding in 2009, Gen II has grown to become the industry's largest independent firm focused on private equity fund administration.
Norman Leben, managing principal of Gen II, says: "Our dedication to the highest standards of performance in our industry, an unrivalled 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.
"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," says Steven Millner, Gen II managing principal. "The market recognises 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."
