Gen II Fund Services, a private capital fund administrator, has surpassed $1.5tn (£1.1tn) in assets under administration (AUA), less than three years after it reached $1tn in private capital AUA in 2023.
To support its continued expansion, the firm has made several senior appointments, including appointing Leslie DeRoss as head of credit, where she will lead the firm’s private credit capabilities and support expansion into the high-growth segment.
Read more: VSS Capital announces raft of senior promotions
The firm has also appointed Beverly Shealy as head of waterfall solutions, Rob Hartnett as tax principal, and Ray Ferranti as regional head, Northeast client services.
Gen II said it is continuing to invest in “powerful, end-to-end technology” that will transform fund administration.
Read more: Star Mountain Capital appoints managing director
“Exceeding $1.5tn in AUA demonstrates the confidence leading private capital managers have in Gen II,” said Steven Millner, chief executive and co-founder of Gen II.
“Our clients’ top priority is performance, and we’ve built optimised fund administration structures that remove operational friction, empowering them to focus on alpha generation.”
Read more: H.I.G WhiteHorse appoints duo to lead UK direct lending team
