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Steven Millner
Managing Principal, Co-Founder at Gen II Fund Services, LLC
Steven Millner is the Chief Executive Officer and Co-Founder of Gen II Fund Services, LLC, a prominent independent private capital fund administrator. He has over 25 years of experience in private equity administration and has been instrumental in the growth and success of Gen II since its inception in 2009. Under his leadership, the firm has become one of the largest independent administrators, managing over $850 billion in private fund capital.124
Professional Background
Before co-founding Gen II, Millner held significant roles in the financial services industry:
- Managing Director/Co-President at BISYS Private Equity Fund Services: He was part of a subsidiary of The BISYS Group, which was publicly traded and later acquired by Citigroup in 2007.14
- Co-Founder of DML Fund Services: This firm specialized in alternative asset administration and was known for creating Investment Café, a leading online reporting portal for private equity limited partners.15
Education and Credentials
Millner earned a Bachelor of Science degree in Accounting from Bentley University and is a certified public accountant (inactive). His professional affiliations include membership in the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA). Additionally, he serves on the Board of Trustees at Bentley University.145
Leadership at Gen II
In June 2022, Millner was appointed CEO of Gen II, succeeding Norman Leben while continuing to serve as a Managing Principal. His focus includes maintaining operational excellence, driving innovation, and pursuing global growth strategies for the firm. He has expressed gratitude for the support from his co-founders and is enthusiastic about the future of Gen II and its role in the private equity sector.234
Industry Recognition
Millner is recognized as an authority in private equity fund administration and has contributed to shaping best practices in financial reporting and fund structuring within the industry.14
