KKR agrees to buy Gen II Fund Services from Hg, General Atlantic for $5.1 billion

KKR•2026-10-06

KKR agreed to buy Gen II Fund Services from Hg, General Atlantic and minority investors for a total enterprise value of $5.1 billion. The transaction is expected to close in 2027.

1. Deal details

Gen II serves more than 275 investment managers representing over $2 trillion in assets under administration. CEO Steven Millner will continue to lead the business under KKR ownership.

Sources

KKR agrees to buy Gen II Fund Services from Hg, General Atlantic for $5.1 billion

Publicnow

KKR agrees to buy Gen II Fund Services from Hg, General Atlantic for $5.1 billion

1. Deal details

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Sources

KKR agrees to buy Gen II Fund Services from Hg, General Atlantic for $5.1 billion

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