Gen II Fund Services
Editor's pickPrivate-equity-only fund administrator with $1T+ under administration
4.4Enterprise / CustomBest for Mid-market to large-cap PE firms wanting a dedicated PE administrator
Fund Accounting Capital Accounts Outsourced Admin
Overview
Gen II is one of the largest independent, PE-focused fund administrators, with over $1 trillion in assets under administration and 1,700+ professionals across 13 cities. Its 2024 acquisition of Crestbridge extended its capital-account, NAV, and reporting services across Europe alongside its US base.
Key features
- Dedicated PE fund accounting and capital account maintenance
- Waterfall and carry calculations plus management company accounting
- LP reporting and investor servicing via digital portal
- Regulatory, tax, and treasury support
- European coverage via Crestbridge (Luxembourg, Jersey, London)
Pros
- Pure-play private equity focus rather than a hedge-fund-first shop
- Deep bench for complex waterfalls and multi-vehicle structures
- Scale and continuity trusted by large-cap GPs
Cons
- Service-led model with no self-serve software tier; minimums can be high for small funds
- Pricing entirely bespoke and not published