Gen II Fund Services Expands Management Team

Appointments of CEO, President, Chief Administrative Officer, Head of Client Delivery and Innovation Position Leading Private Capital Fund Administrator for Continued Growth

NEW YORK--(BUSINESS WIRE)--Gen II Fund Services, LLC (“Gen II”), a leading independent private capital fund administrator, today announced the appointment of Steven Millner as Chief Executive Officer.

Since co-founding Gen II in 2009, Mr. Millner has served as a Managing Principal and as a member of the Firm’s Executive Committee. Mr. Millner, along with his co-founders, have been leaders in the administration of private capital funds for over 25 years. Their experience extends from assisting with the launch of emerging managers to working with the world’s leading private capital fund managers.

In concert with Mr. Millner’s appointment, Gen II Co-Founder Steven Alecia has been appointed President. He previously served as Chief Client Officer. Co-Founder Norman Leben will step down as Managing Principal. Mr. Leben will remain as a senior advisor to the Firm, a Board Member and continue to guide the Firm’s European expansion.

“I am honored and humbled to assume the role of CEO,” said Mr. Millner. “My sincere gratitude to Norman and Steve and all those at Gen II for making this possible and for our remarkable achievements. This is an exciting time at Gen II and for our industry, and I have never been more enthusiastic about our future.”

“We are very pleased to have Steven assume the role of CEO,” said Mr. Leben. “Steven has played a critical role in Gen II’s growth and is committed to maintaining its operational excellence, developing our offerings, driving innovation and pursuing the Firm’s global growth strategy.”

"We are looking forward to having Steven at the helm, and I'm very confident in his ability to lead the stellar team at Gen II and drive not only our Firm's success, but also the success of our clients," said Mr. Alecia.

In addition to Mr. Millner’s appointment, Michael Pollack has joined the Firm as Head of Client Delivery and Innovation and Matthew Luongo has joined as Chief Administrative Officer. Most recently, Mr. Pollack served as Founder and CEO of Pollack Consulting Group, an independent management consultancy focused on strategy, operational, and technology solutions. Previously, he served as Managing Director and Global Head of the Portfolio Analysis Group at J.P. Morgan and as Managing Director and Divisional CFO of Markets Operations Technology at Citigroup. Mr. Pollack holds a B.A. in Computer Science from Princeton University and an MBA from the Stanford Graduate School of Business.

Mr. Luongo has joined Gen II as Chief Administrative Officer. Prior to joining Gen II, Mr. Luongo founded MJ Management Solutions, a business management consulting firm. He previously held executive level roles at CLS Bank, Cognizant Technology Solutions, UBS and American Express, providing strategic and operational expertise to optimize organizational effectiveness, efficiency, and employee experience. Mr. Luongo holds a B.S. in Business Administration from the University of Nebraska-Lincoln and an MBA from Pace University.

“With Michael and Matt’s deep expertise in financial services and operations, we’re confident that they will make an immediate impact at Gen II, further enhancing our efficiency and strengthening the world-class service that is the hallmark of Gen II,” said Mr. Millner.

About Gen II

Gen II is a leading fund administration provider focused entirely on serving private capital asset managers and investors. Since its inception in 2009, the company has become one of the largest independent private capital fund administrators, with more than $850 billion of private fund capital under administration. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling GPs to manage their operational infrastructure, financial reporting, and investor communications most effectively. For more information, please visit www.gen2fund.com.