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KKR agrees to buy Gen II Fund Services for $5.1 billion

PUBT·10/05/2026 23:30:30
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KKR agrees to buy Gen II Fund Services for $5.1 billion
  • KKR agreed to buy Gen II Fund Services from Hg, General Atlantic, and minority investors for a total enterprise value of $5.1 billion.
  • Gen II provides fund administration to more than 275 private markets managers representing over $2 trillion in assets.
  • Steven Millner will remain CEO, with the existing leadership team continuing to run the business.
  • KKR plans to back U.S. and international expansion, broaden services, invest in proprietary technology, and roll out an employee ownership program.
  • The deal is expected to close in 2027, subject to customary closing conditions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KKR & Co. Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261004447451) on October 05, 2026, and is solely responsible for the information contained therein.