New York, USA
HQ
+1,100
Employees
2017
Investment
(partial exit in 2020)
Minority
Ownership
Provider of fund administration and technology solutions, specializing in private equity, real estate and credit funds for institutional investors worldwide.
Performance 2024
Gen II delivered strong organic growth in 2024,
driven by continued capital deployment from existing clients, new fund launches from existing clients, new client wins, and cross-selling. Gen II also continued its M&A efforts, closing the acquisition of Crestbridge (UK based; in April) and Funded (in June). Crestbridge allowed Gen II to significantly expanded its European footprint, widen its product suite and increase assets under administration to more than $1 trillion. Initial customer feedback from large potential clients has been very positive. Funded is an electronic subscription workflow tool which furthers the Company’s tech platform and tightens its connectivity to limited partners of
their clients.
Gen II acquires Crestbridge bringing assets under administration to $1trillion
With the addition of Crestbridge’s Private Equity and Real Estate Fund Administration business, Gen II continues to execute on its growth strategy, by expanding its global service and product capabilities, increasing assets under administration to more than $1 trillion, and continuing to invest in all aspects of its business. The combination further establishes Gen II as one of the world’s largest independent private capital fund administrators, expanding the firm’s jurisdictional reach to include the UK, Jersey, Ireland and other international markets.