NEW YORK--(BUSINESS WIRE)--Jan 27, 2026--
Gen II Fund Services, LLC (“Gen II”), a leading independent private capital fund administrator, today announced that Leslie DeRoss and her specialist team have joined the firm to lead and expand the firm’s Private Credit offering. This strategic hire underscores Gen II’s continued investment in best-in-class talent and capabilities to support the increasingly complex needs of private capital managers.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260126706541/en/
Ms. DeRoss joins Gen II from a major global financial institution, bringing decades of experience in credit fund operations, complex debt instruments, and specialized reporting. By integrating her veteran team’s deep domain expertise with Gen II’s institutional-grade infrastructure, the firm is uniquely positioned to support a broad range of private credit strategies, including direct lending, opportunistic credit, and structured products.
“I am incredibly excited to join Gen II, a firm that has consistently distinguished itself as the premier market leader in private capital fund administration services,” said Leslie DeRoss. “Gen II’s reputation for excellence and its unwavering focus on client service provide the perfect platform for our team. We look forward to leveraging our collective experience to deliver the sophisticated, high-touch credit solutions that today’s managers demand.”
“We are thrilled to welcome Leslie and her talented team to Gen II,” said Steven Millner, CEO and Co-Founder of Gen II. “Their addition strengthens our market-leading platform and reinforces our commitment to investing in talent and technology that empowers clients to achieve their investment and operational goals.”
The expansion of the Private Credit group further solidifies Gen II’s status as a comprehensive partner for private capital sponsors, offering an end-to-end service model that spans private equity, credit and real assets.
About Gen II Fund Services
Gen II is a leading independent tech-enabled fund administration provider for private capital asset managers and investors. Distinguished by its bespoke service offerings and robust technological infrastructure, the company has grown to become one of the largest independent private capital fund administrators since its inception in 2009, now overseeing $1 trillion+ of private fund capital.
Gen II serves a full spectrum of fund managers, from emerging managers to large funds operating across multinational jurisdictions. Its transatlantic operational reach redefines excellence in the fund administration sector, enabling unparalleled service capabilities to fund managers and investors globally. The company helps GPs navigate complex international markets and regulations while effectively managing their operational infrastructure, financial reporting, and investor communications. Gen II is powered by sophisticated proprietary technologies, including Sensr Solutions, a software suite designed to elevate fund management, analytics and investor experience. For more information, please visit gen2fund.com.
Leslie DeRoss, Head of Credit Operations and Strategy at Gen II Fund Services
SEOUL, South Korea (AP) — North Korean leader Kim Jong Un said his country will unveil plans to further bolster its nuclear program at the upcoming ruling party congress, as he observed the North's latest weapons launch, state media reported Wednesday.
The Korean Central News Agency said North Korea performed a live-fire drill of an upgraded large-caliber multiple rocket launcher system in the presence of Kim on Tuesday, an apparent reference to what South Korea and Japan earlier described as ballistic missile launches from North Korea.
State media photos show Kim walking near a huge launch truck with his teenage daughter in her latest public appearance with her father. South Korea's spy service said in early 2024 it considered the girl, reportedly named Kim Ju Ae, as her father's likely heir.
KCNA quoted Kim Jong Un saying the test launch was meant to enhance the effectiveness of the country's “strategic deterrent,” a term used to describe its nuclear weapons capability. KCNA said the launcher system's mobility and strike accuracy have been improved.
Experts say North Korea’s large-sized rocket launchers blur the boundaries between artillery systems and ballistic missiles because they can create their own thrust and are guided during delivery. North Korea has said some of these systems are capable of delivering nuclear warheads.
Kim said that boosting the country's military capability is the invariable line of the ruling Workers' Party. He said the upcoming party congress, the first of its kind in five years, will be a venue to declare “next-stage plans for further bolstering up the country’s nuclear war deterrent,” KCNA said.
The congress, expected to start in February, is one of North Korea’s biggest propaganda spectacles and is used to establish new political and economic priorities.
Since December, North Korea has already test-fired what it called hypersonic missiles, long-range, strategic cruise missiles and new anti-air missiles. North Korea's recent testing activities were likely meant to demonstrate or review its weapons development achievements ahead of the congress.
KCNA didn't say what the next-stage nuclear development plan will be like. Many foreign analysts say North Korea needs to master an ability to place multiple warheads on a single missile to defeat its rivals’ missile defenses. There are also questions on whether North Korea has acquired the technology to shield warheads from the high-temperature, high-stress environment of atmospheric reentry for long-range missiles targeting the U.S. mainland.
North Korea has refused to engage in talks with the U.S. and South Korea since Kim's nuclear diplomacy with President Donald Trump collapsed in 2019. Experts say Kim could return to talks if he's assured of some economic and political rewards for limited denuclearization steps.
In this photo provided by the North Korean government, its leader Kim Jong Un, with his daughter, believed to be named Kim Ju Ae, inspects test-firing of ballistic missiles from an undisclosed location in North Korea, Tuesday, Jan. 27, 2026. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads: "KCNA" which is the abbreviation for Korean Central News Agency. (Korean Central News Agency/Korea News Service via AP)
