Gen II Hits $1.5T in Private Capital AuA, Expands Leadership Team
Event summary
- Gen II Fund Services surpassed $1.5 trillion in private capital assets under administration (AuA) as of February 2026.
- The milestone comes less than three years after reaching $1 trillion in AuA in 2023.
- Gen II has appointed four new leaders to support expansion in credit, technology, tax, and client services.
- The firm continues to invest in its proprietary technology ecosystem, including Sensr® Analytics and Funded®.
The big picture
Gen II's rapid AUM growth reflects the increasing demand for institutional-grade fund administration services in the private capital sector. The firm's strategic investments in technology and leadership appointments underscore its commitment to maintaining market leadership amid complex regulatory and operational challenges. The $1.5 trillion milestone positions Gen II as a key player in the evolving private capital landscape.
What we're watching
- Private Credit Growth
- How Gen II's expansion into private credit under Leslie DeRoss will impact its market position.
- Technology Integration
- The pace at which Gen II's Sensr® solutions will drive operational efficiency for clients.
- Regional Expansion
- Whether Gen II can sustain its growth trajectory in the Northeastern region under Ray Ferranti's leadership.
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