Gen II Fund Services AUA tops USD450bn
Gen II Fund Services, LLC, an independent private equity fund administrator, has announced that the firm's assets under administration (AUA) now exceed USD450 billion.
Gen II now services over 200 fund sponsors spanning the private equity industry, including buyout, fund of funds, real estate, infrastructure, credit, and other closed end structures. Gen II's clients include many of the industry's most established private equity firms along with private equity's premier emerging managers.
"We are very pleased to reach this notable milestone in the continuing evolution of Gen II," says Steven Millner, Managing Principal and Co-Founder, Gen II. "The increase in our AUA is evidence of the soundness of Gen II's Well-Run Fund approach and our ability to support clients across various strategies and geographies. We look forward to continuing to serve clients with best-in-class fund administration and technologies to help them achieve their business objectives."
"Gen II is fortunate to have nearly 100 per cent client retention, indicative of our ability as the largest independent private equity fund administrator to provide scalable solutions to support our clients' growth," says Norman Leben, Managing Principal and Co-Founder, Gen II. "We would like to offer our sincere thanks to the range of sponsors with whom we have worked for their confidence in Gen II. We also extend our gratitude to the experienced and long-tenured Gen II team, which we consider among the finest in fund administration, for providing the high-touch, premium service that is the hallmark of Gen II."