Gen II Fund Services, LLC (“Gen II”), a global leader in private capital fund administration, today released findings from its 2026 GP/LP Technology Survey, which examines LP priorities for fund technology and how “elite” fund operations are being defined at a time when LPs are focusing capital commitments on the GPs that deliver the highest institutional quality.

A core finding from the survey is that, despite the hype surrounding implementation of AI and machine learning, when it comes to fund operations, LPs place the highest value on Infrastructure (62%) and Outcomes (61%) such as Speed of Reporting, Transparency, Actionability of Insights and Reporting Customizability. These functional, everyday needs are enduring LP priorities versus pure technology issues like Workflow Digitization (53%) and Adoption of AI (41%).

That mindset is reflected in attitudes around AI with a gap between GPs and LPs. GPs cited AI as the only relevant factor in technology differentiation five times more than LPs (16% vs 3%).

Steven Millner, CEO and Co-founder at Gen II says that the implications of the report for GPs are clear: “Emphasizing AI alone is unlikely to resonate with LPs. Firms should demonstrate how AI strengthens core operational pillars and delivers measurable value. AI is not the destination, but one component of a broader, integrated approach to being technologically elite.”

To leverage technology in a way that helps secure commitments from LPs, GPs should communicate how AI and other tech investments connect to investor value by following four key learnings from the report:

  1. Lead With Outcomes, Not Features

  2. Prioritize the Four Pillars of Speed, Transparency, Customization, and Infrastructure

  3. Custom Reporting as a Core Capability

  4. Get Honest LP Feedback

“Technology for its own sake will not achieve the true differentiation that attracts capital,” added Millner. “GPs who invest in infrastructure first, then layer in technology strategically to meet evolving LP demands, are the ones that stand out as the technologically elite, who are securing LP commitments today, and who will be best positioned for the future.”

For complete information on these as well as deeper data on a wide variety of issues related to GP and LP perceptions of what makes firms technologically elite, download the full report at: https://gen2fund.com/insights/2026-gp-lp-technology-survey-the-cost-of-looking-ordinary-just-got-higher

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 $2 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.

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