Gen II Earns Data Privacy Framework Certification
July 10 2024 - 7:00AM
Business Wire
Ensuring International Data Privacy Standards
Gen II Fund Services, LLC (“Gen II”), a premier global private
capital fund administrator, is excited to announce that it is
officially a certified organization under the EU-US Data Privacy
Framework, maintained by the International Trade Administration
within the United States Department of Commerce. Gen II’s active
participation in the Data Privacy Framework program demonstrates to
clients and their investors, vendors, and employees that Gen II has
robust mechanisms for securely transferring personal data to the
United States from the European Union (EU), United Kingdom (UK),
and Switzerland. This commitment ensures data protection that
aligns with strict EU, UK and Swiss legal standards in addition to
our existing alignment with applicable US federal and state privacy
laws and regulations.
The EU-US Data Privacy Framework, as well as the UK Extension
and the Swiss-US Data Privacy Framework were developed to
facilitate transatlantic commerce by providing clear guidelines for
data transfer, ensuring that personal data from the EU, UK, and
Switzerland can be securely transferred to the United States in
compliance with strict privacy laws. By earning these
certifications, Gen II maintains regulatory compliance, streamlines
data transfer processes, and enhances reliable and responsible data
privacy and protection.
"As CEO of Gen II, I can say that our participation in the EU-US
Data Privacy Framework, the UK Extension, and the Swiss-US Data
Privacy Framework is a critical and differentiated qualification as
a leading international private capital fund administrator. These
certifications are not just badges of compliance; they are a
testament to our commitment to data security. In an increasingly
digital world, safeguarding personal data is paramount. By adhering
to these rigorous standards, we ensure that our clients and their
investors, vendors, and employees can trust us with their most
sensitive information, reinforcing our reputation as a leader in
data protection and privacy," said Steven Millner, Chief Executive
Officer, Gen II.
To see Gen II’s Data Privacy Framework, please click HERE. To
see Gen II’s Privacy Statement, please click HERE.
About Gen II
Gen II, a leading international fund administration provider, is
exclusively dedicated to serving private capital asset managers and
investors, with offices in North America and throughout Europe.
Since its inception in 2009, the company has grown to become one of
the largest independent private capital fund administrators,
overseeing more than $1 trillion of private fund capital. Gen II is
committed to offering private fund sponsors a best-in-class
combination of people, process, and technology, enabling GPs to
effectively manage their operational infrastructure, financial
reporting, and investor communications. With the recent expansion
into European markets, Gen II is poised to bring its expertise and
innovative solutions to a broader audience of asset managers and
investors worldwide. For more information, please visit
gen2fund.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240710961835/en/
Media Tom Faust 646-502-3513 Gen2PR@StantonPRM.com