KKR to Buy Gen II Fund Services in $5.1B Deal
Global investment firm KKR has agreed to acquire private capital fund administrator Gen II Fund Services in a $5.1 billion deal including debt. The transaction expands KKR presence in private market infrastructure and is expected to close in 2027.
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KKR & CO INC agreed to buy fund administrator Gen II Fund Services in a $5.1B deal including debt, expanding its footprint in private-market infrastructure. The transaction transfers ownership from Hg, General Atlantic, and minority backers who invested in 2020. The acquisition bolsters KKR's positioning in the operational backbone of alternative assets following its purchase of Arctos.
