Gen II Fund Services Successfully Completes 2025 SOC 1 Type 2 Audit for 2025

NEW YORK--(BUSINESS WIRE)--Gen II Fund Services (“Gen II”), a leading provider of fund administration services, today announced that it has successfully completed its SOC 1 Type 2 audit for 2025 and received a clean report from independent auditor BDO. The 2025 audit encompasses the firm’s core technology infrastructure, providing comprehensive assurance across its entire operational technology stack.

“This achievement reflects our ongoing commitment to operational excellence and adherence to the highest standards of security, quality, and compliance,” said Steven Millner, CEO and Co-Founder of Gen II. “Our world-class technology team is dedicated to building and maintaining systems that protect our clients’ most sensitive data and engender their trust.”

A SOC 1 Type 2 report is a comprehensive attestation report describing a service provider’s internal controls over its customers’ financial information over a specific period of time. SOC 1 audits cover technical or procedural controls whose failure could impact customers’ financial statements and Type 2 audits include an observation period of between 6 to 12 months. This report provides assurance that the organization has implemented controls to safeguard customer data and other sensitive information.

BDO, a leading international accounting firm, conducted an independent audit to examine the design and operating effectiveness of Gen II’s systems and controls for the period dating from November 1, 2024 through October 31, 2025. The report certifies the suitability of the design and operating effectiveness of Gen II’s controls.

“Choosing a technology partner who doesn't have world-class cybersecurity is a sure path to unacceptable risk,” added Randy Siegel, Chief Information Security Officer at Gen II Fund Services. “Gen II’s security approach is orchestrated by experts, validated continuously, and designed to evolve to address emerging threats.”

Beyond SOC 1 Type 2, Gen II maintains a robust security architecture and compliance with other industry standards, including ISO 27001, CCPA, CSSF, NIST-SEC Cybersecurity, ILPA Templates, NY SHIELD, and GDPR.

About Gen II Fund Services

Gen II is a leading independent tech-enabled fund administration provider for private capital asset managers and investors. Distinguished by its bespoke service offerings and robust technological infrastructure, the company has grown to become one of the largest independent private capital fund administrators since its inception in 2009, now overseeing $1 trillion+ of private fund capital.

Gen II serves a full spectrum of fund managers, from emerging managers to large funds operating across multinational jurisdictions. Its transatlantic operational reach redefines excellence in the fund administration sector, enabling unparalleled service capabilities to fund managers and investors globally. The company helps GPs navigate complex international markets and regulations while effectively managing their operational infrastructure, financial reporting, and investor communications. Gen II is powered by sophisticated proprietary technologies, including Sensr Solutions, a software suite designed to elevate fund management, analytics and investor experience. For more information, please visit gen2fund.com.