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Gen II Fund Services Receives Its 2020 System and Organization Controls (SOC 1) Type II Compliance Report
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BOSTON, Feb. 3, 2021 /PRNewswire/ Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced the successful completion of its System and Organization Controls (SOC 1), Type II Compliance Report.
A major international accounting firm examined the design and effectiveness of Gen II s controls for the period December 1, 2019 to November 30, 2020. Gen II s service and control environment is developed and delivered in adherence with the fund administration industry s best practices. The report also provides Gen II clients and the private equity community confirmation that they have adequately described its controls and that those controls are designed and operating effectively to achieve client objectives.