Gen II appoints inaugural head of credit

Gen II Fund Services announced that it has hired Michael Abatemarco as head of credit. He will be tasked with overseeing two of the company’s business lines: credit middle office services and credit fund administration. The senior role is a new one, a spokesperson confirmed to Private Funds CFO.

In a statement, Gen II chief executive Steven Millner connected Abatemarco’s hire to broader growth in the space, calling it “in keeping with our commitment to continue serving the ever-expanding private credit market.”

Abatemarco has a management background at companies that offer fund manager outsourcing services. He previously worked at BNY Mellon as director, head of bank loans and private placement. Abatemarco also worked at Goldman Sachs Asset Management, where he supported clients involved in credit.

Abatemarco’s hire is the latest senior personnel move at Gen II. In June, the service provider announced that Millner, a co-founder who was formerly a managing principal, became its inaugural CEO. Steven Alecia, a co-founder and formerly its chief client officer, became its first-ever president.

At the same time, Gen II made a pair of outside hires: Matthew Luongo as chief administrative officer and Michael Pollack as head of client delivery and innovation.

Last month, the service provider announced that it hired Anne-Claire Berg as chief people and impact officer, a newly created senior position.