KKR to Acquire Gen II Fund Services for More Than $5 Billion from Hg and General Atlantic

NEW YORK–(BUSINESS WIRE)–KKR, a leading global investment firm, today announced the agreement to acquire Gen II Fund Services, LLC (“Gen II”), a global leader in private capital fund administration, for a total enterprise value of $5.1 billion. KKR is acquiring Gen II from Hg, General Atlantic and other minority investors through its Core Private Equity strategy. Led by CEO Steven Millner, Gen II has built an experienced leadership team that will continue to lead the company. The strategic pa

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