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 (Ref. ID: 20261004447451) on October 05, 2026, and is solely responsible for the information contained therein. (C)