PFS-PAXUS user, Gen II Fund Services announces assets under Administration exceed $235 Billion

Gen II Fund Services, LLC, the largest U.S. based independent private equity fund administrator, announced today that assets under administration now exceed $235 billion. “This achievement is further evidence of the value that the private equity community derives from a premier fund administration partner – one that consistently demonstrates industry-best performance, market leading technology, and a dedicated focus on private equity,” said Steven Millner, Gen II Managing Principal. “The private equity and investor community are each placing increasing importance on operational infrastructure, and Gen II has become the administrator of choice for sponsors seeking a focused and long-term partner.” Gen II now services over 115 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. Norman Leben, Gen II Managing Principal said, “We would like to thank our clients and our more than 275 dedicated professionals for helping us to reach this milestone. Our ongoing investments in people, processes, and technology have been instrumental in our steady, measured growth. This approach and focus has enabled our clients to achieve scale and greater efficiency as they raise capital.” About Gen II Fund Services Gen II Fund Services, LLC is the largest U.S. based independent private equity fund administrator, covering over $235 billion of private capital on behalf of our 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.