Experienced executive brings deep expertise in leading private credit fund operations, outsourcing servicing teams
NEW YORK, August 09, 2022--(BUSINESS WIRE)--Gen II Fund Services, LLC ("Gen II"), a leading independent private capital fund administrator, today announced Michael Abatemarco will join the firm as Head of Credit, effective August 9.
Mr. Abatemarco is an experienced credit fund operations manager with significant expertise managing organizations that provide outsourced services to fund managers. At Gen II, he will lead the credit fund administration and credit middle office services business, which provides private credit fund clients with an end-to-end service model.
"With his extensive expertise in credit fund operations, we believe Michael will be a strong addition to the Gen II team," said Steven Millner, CEO of Gen II. "Bringing Michael to Gen II is in keeping with our commitment to continue serving the ever-expanding private credit market. We are confident that with Michael as Head of Credit, Gen II is well positioned to continue providing our clients with market-leading private credit capabilities."
Prior to joining Gen II, Mr. Abatemarco served as Director, Head of Bank Loans and Private Placements at BNY Mellon. During his four years at BNY Mellon, he provided management and product expertise and led efforts to improve credit offerings and client adoption. He was previously a Vice President for Goldman Sachs Asset Management, where he provided specialized support for clients with a focus on private and public credit products, trade management, and operational risk management. Mr. Abatemarco holds a B.S. in Accounting and Finance from NYU’s Stern School of Business.
"Gen II is an established leader in private market fund administration and I am thrilled to join the firm and lead their business dedicated to credit fund managers," said Mr. Abatemarco. "As the credit fund market continues to expand, I look forward to broadening the reach of Gen II’s fund administration solutions and helping fund managers and LPs navigate the operational complexities of this asset class."
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 $900 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.
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