Gen II Fund Services, LLC

Gen II Fund Services, LLC is a leading independent private equity fund administrator, established in 2009 and headquartered in New York City, New York. The company's mission is to help fund sponsors optimize their investment objectives by delivering best-in-class fund administration and technologies, ensuring timely, accurate, and transparent reporting to investors. Gen II focuses on providing accuracy, transparency, and efficiency to alternative investment managers.

Gen II offers a comprehensive suite of services including fund accounting, investor relations, regulatory compliance, treasury services, corporate services, tax compliance, and depositary management. The firm caters to a broad range of market segments, including private equity firms, real estate funds, credit funds, funds of funds, buyouts, infrastructure, energy, co-investment, hybrid funds, feeder funds, venture capital, and managed accounts. They also serve clients in the software, financial technology, infrastructure, insurance, energy, insurance technology, and media industries. Gen II leverages advanced technology, including proprietary platforms like Sensr Solutions for analytics and its Funded® digital subscription platform, to provide high-touch client service.

As of February 2026, Gen II Fund Services is positioned as one of the largest independent private capital fund administrators globally, overseeing over $1.5 trillion in private capital assets under administration (AuA). The company reached $1 trillion AuA in 2023 and surpassed $1.5 trillion in February 2026. Key leadership includes co-founders Steven Millner (CEO), Steven Alecia (President & Co-Founder), and Norman Leben (Special Advisor & Co-Founder). Recent notable activities include the acquisition of Crestbridge in April 2024, which expanded Gen II's European presence and increased its AuA. The firm was also recognized as "Best Administrator – Overall" at the Private Equity Wire US Awards 2024.