Thursday, 30 March 2017
Last updated 4 hours ago
Mar 16 2017 | 8:25pm ET
Independent private equity fund administration specialist Gen II Fund Services has named Shawn McMenimen as senior managing director responsible for various client relationships and oversight of the company’s compliance department.
In his new role, McMenimen will work closely with Steven Alecia, Gen II’s chief client officer, and Yuliana Gekhel, senior managing director, to optimize technology and control processes to support business growth.
McMenimen brings more than 17 years of private equity fund administration experience to his new position. He joins Gen II from State Street, where he led a large global team as a managing director of private equity fund administration and limited partner performance & analytics in the Alternative Investment Solutions division. He joined State Street as part of the acquisition of Investors Bank and Trust Company in 2007, and was a senior leader in the development and growth of State Street’s private equity offering as well as the development of an administration model for the unique requirements of BDC’s.
“We are delighted to add Shawn to our team,” said Mr. Alecia. “He’s a highly experienced fund administration professional with exceptional knowledge of our product suite and understands intimately the level of service clients expect from their fund administration partner.”
“I’m very excited to be joining the Gen II team,” said Mr. McMenimen. “I look forward to working with such an accomplished group of professionals that take great personal pride in providing top tier service to their clients.”
Founded in 2009 by Norman Leben, Steven Millner, and Steven Alecia, Gen II Fund Services covers more than covering over $145B of private capital and reporting to over 8,500 LPs on behalf of clients. The independent company has broad expertise across buyout, feeder funds, infrastructure, energy, credit, real estate, co-investment, hybrid funds, funds of funds, venture capital, and managed accounts.