Gen II is an independent private equity fund administration firm founded in 2009 by Steven Millner and Norman Leben, who previously co-headed a private equity administration business acquired by BISYS in 2002. The firm serves private capital asset managers and investors exclusively, and describes itself as the largest independent private equity fund administrator in the industry. Its approach combines people, process, and technology, with an emphasis on timely, accurate and transparent investor reporting.
Technology is central to the offering. Sensr®, Gen II's proprietary platform, powers digital subscription processing, investor portals, analytics and data bridge solutions, supporting GPs in optimising investment objectives through timely and accurate reporting. The firm's technical work spans fund administration technology, investor reporting and analytics, investor portal platforms, and data integration. Alongside the platform, Gen II provides PE fund administration, corporate, tax, compliance, depositary and management company (ManCo) services for private fund sponsors.
Gen II administers over $850 billion in private fund capital assets across more than 100 fund entities, serving approximately 1,000 investors. The firm operates 12 offices, with presence in the United States, the United Kingdom, Ireland, Luxembourg, Jersey and Guernsey. Its founding team brings more than 30 years of combined experience in private equity administration.
