KKR Acquires Fund Administrator Gen II in $5.1 Billion Deal
Private equity firm KKR has agreed to acquire Gen II Fund Services for a total enterprise value of $5.1 billion from Hg, General Atlantic, and other minority investors. The transaction will be executed through KKR’s core private equity strategy. Gen II is a leading provider of fund administration services in the private capital sector, offering solutions such as tax compliance, treasury management, and regulatory reporting. The deal underscores continued investor confidence in financial infrastructure services amid growing demand for specialized administrative support within the alternative asset industry. The acquisition aligns with KKR’s strategy to invest in high-quality businesses that serve institutional clients across global markets.
Tickers: $KKR
Topics: Fund Administration KKR Private Equity