Aberdeen Standard Investments (ASI) has selected Gen II Fund Services (Gen II) as its exclusive fund administrator for certain private equity funds.
As part of the appointment, Gen II will provide fund accounting and reporting, fund administration and other related services to ASI's US private equity funds.
Steven Millner, managing principal and co-founder of Gen II, said: "We appreciate the confidence ASI has in Gen II. ASI is a recognised global investment manager. We look forward to providing our industry leading, best-in-class solutions to ASI and their investors. We welcome the former ASI fund administration team to Gen II.”
Norman Leben, managing principal and co-founder of Gen II, commented: "This appointment further validates Gen II's position as a premier specialist in private equity fund administration.”
He added: “The addition of the ASI funds to Gen II's platform further enhances and compliments Gen II's breadth of services to fund-of-funds and the growing separately managed account sector of the private equity market.”
