New York-based Gen II Fund Services hired former BNY Mellon executive Michael Abatemarco as head of credit this week.
An experienced credit fund operations manager, Abatemarco will lead the credit fund administration and credit middle office services business that 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 in a statement. “Bringing Michael to Gen II is in keeping with our commitment to continue serving the ever-expanding private credit market.”
Gen II has grown to more than $900 billion of private fund capital under administration since its inception in 2009.
Previously, Abatemarco was director, head of bank loans and private placements at BNY Mellon. Over four years at the firm, he provided management and product expertise and led efforts to improve credit offerings and client adoption. Prior to that he was 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.
“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 Abatemarco in a statement. “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.”
