Gen II breaks $75 billion milestone 21 January 2015New York Reporter: Stephanie Palmer
Image: Shutterstock
Gen II Fund Services has surpassed $75 billion in assets under administration.
The private equities administrator aims to provide a client-focused and team based approach to private equity administration. It now oversees more than 750 funds, reporting to 6,500 limited partners around the world.
Norman Leben, a founder and managing principal of Gen II said: “We are delighted to have achieved this milestone, it reflects the hard work and dedication of the entire Gen II team, and reinforces the trust that our clients and the industry’s limited partners place in us.”
Another managing principle and founder, Steven Millner, added: “Growth in 2014 has come across all sectors of the industry, including buyout, infrastructure, energy, debt, real estate and fund of funds, as the community recognises that a quality fund administrator with institutional grade processes and procedures is an integral part of the private equity landscape.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 