# Gen II Fund Services

> Gen II Fund Services is the operational layer behind private-capital firms: it keeps the books, calculates capital calls and distributions, onboards investors, supports tax and compliance work, and turns fund data into reports and software dashboards. Founded in New York in 2009 by veteran administrators Steven Millner, Steven Alecia and Norman Leben, the company says it now administers more than $2 trillion across over 12,000 fund entities, combining principal-led service with the Funded and Sensr technology products.

- **Founded:** 2009
- **Headquarters:** New York, United States
- **Founders:** Steven Millner (Chief Executive Officer and Co-Founder), Steven Alecia (President and Co-Founder), Norman Leben (Special Advisor and Co-Founder)
- **Team size:** 1,800+ global employees
- **Products:** Fund Administration, Tax, Compliance and Regulatory Services, Funded®, Sensr® Investor Portal, Sensr® Analytics
- **Notable:** Grew from more than $375 billion in private capital administered in 2020 to more than $2 trillion reported on its current website., Reports 12,000+ fund entities served, 300+ private-capital clients and a sponsor retention rate above 95%., Funded processed more than $485 billion across 40,000+ subscriptions and 3,000+ closings by Q1 2026.

## Products & services

- **Fund Administration** — End-to-end fund accounting, financial statements, capital accounts, waterfall calculations, capital calls, distributions and investor reporting for private equity, credit, real assets and fund-of-funds structures.
- **Tax, Compliance and Regulatory Services** — US and European tax compliance, FATCA/CRS, AML/KYC, regulatory filings, management company, AIFM, depositary and corporate services.
- **Funded®** — A digital subscription and investor-onboarding platform for sponsors, investors and fund-formation attorneys, with integrated document execution and AML/KYC workflows.
- **Sensr® Investor Portal** — A secure investor and manager portal for fundraising, data rooms, documents, reporting, communications, dashboards and AI-assisted access to fund information.
- **Sensr® Analytics** — Configurable fund and portfolio performance analytics, including dedicated private-credit views for yield, maturity and exposure.
- **Sensr® DataBridge** — Automated, configurable delivery of fund-administration data into a client's own systems and preferred formats.
- **GenVū™ and Verifii™** — A unified client workflow interface and an AI-powered quality-control platform that applies repeatable checks to reporting deliverables.

## Achievements

- Grew from more than $375 billion in private capital administered in 2020 to more than $2 trillion reported on its current website.
- Reports 12,000+ fund entities served, 300+ private-capital clients and a sponsor retention rate above 95%.
- Funded processed more than $485 billion across 40,000+ subscriptions and 3,000+ closings by Q1 2026.
- Expanded from North America into Luxembourg, Ireland, the UK, Jersey and Guernsey, including the 2024 Crestbridge acquisition.
- Ranked third by funds served in a July 2026 analysis of SEC Form ADV filings, with 3,155 private funds naming Gen II.
- Completed the 2025 SOC 1 Type 2 audit and cites ISO 27001, SOC 2, NIST, NY SHIELD and GDPR controls across its technology environment.

## Latest updates

- **2026-06** — Reuters relayed a Financial Times report that Gen II's owners were considering a potential sale at roughly $6 billion; the report said no decision had been made and no advisers appointed.
- **2026-05** — Sensr Analytics added private-credit portfolio views including loan terms, weighted-average yield, weighted-average maturity and a maturity-ladder chart.
- **2026-04** — Funded reported $485 billion+ of capital raised, 40,000+ subscriptions and 3,000+ closings, alongside new AML/KYC, legal-workflow and reporting features.
- **2026-03** — Gen II and Buyouts published their ninth Emerging Managers Report, based on responses from more than 100 first-, second- and third-time managers.
- **2026-02** — Gen II announced it had surpassed $1.5 trillion in private-capital assets under administration; its refreshed site later displayed more than $2 trillion.
- **2025-11** — The company began rolling out Fenergo for standardized AML/KYC onboarding, targeting all locations by the end of 2026.

## Links

- Website: https://gen2fund.com
- LinkedIn: https://www.linkedin.com/company/gen-ii-fund-services
- Twitter/X: https://x.com/GenIIFund
- Instagram: https://www.instagram.com/geniifundservices/
- Facebook: https://www.facebook.com/Gen-II-Fund-Services-110989810762049/
- TikTok: https://tiktok.com/@gen.ii6

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Profile page: https://yespress.io/gen-ii-fund-services
Published by YesPress — https://yespress.io
Last updated: 2026-08-22