Gen II Fund Services, founded in 2009, is an independent administrator to private equity and private capital managers, providing fund administration, tax, compliance, depositary and ManCo services across the US and Europe.
Gen II Fund Services is an independent fund administration provider to the private equity and private capital industry. Founded in 2009 by Steven Millner and Norman Leben, the firm concentrates exclusively on private capital asset managers and investors. Its service line spans fund administration, corporate services, tax, compliance, depositary and management company (ManCo) functions. The company is the largest independent private equity fund administrator in the industry.
For compliance and regulatory professionals, the firm's footprint is notable. Gen II operates 12 offices across the United States, Luxembourg, Jersey, Guernsey, the United Kingdom and Ireland - jurisdictions central to cross-border fund structuring and supervision. It administers over $850 billion in private fund capital assets across more than 100 fund entities and serves approximately 1,000 investors. The founding team brings more than 30 years of combined industry experience.
The firm's technology is built around Sensr®, a proprietary platform supporting digital subscription, investor portals, analytics and data bridge solutions, with an emphasis on timely, accurate and transparent investor reporting. Gen II describes its operating model as a combination of people, process and technology, applied to fund administration technology platforms, investor reporting technology and data analytics.
