https://www.live-feeds.com/feed/exclusive-kkr-strikes-deal-to-buy-private-capital-fund-administrator-gen-iiContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/exclusive-kkr-strikes-deal-to-buy-private-capital-fund-administrator-gen-iihttps://www.live-feeds.com/feed/exclusive-kkr-strikes-deal-to-buy-private-capital-fund-administrator-gen-ii#u110074Thu, 08 Oct 2026 08:22:05 +0000Investment firm KKR reached an agreement to buy private-capital fund administrator Gen II Fund Services. The transaction values Gen II at more than $5 billion, specifically targeting an enterprise value of $5.1 billion. Sellers Hg and General Atlantic are executing a full exit from the business as part of the transaction. HgCapital Trust reported a 34 percentage point valuation uplift on the sale. The acquisition highlights KKR's ongoing investment strategy in the fund administration sector.Why it mattersPrivate-capital fund administrators handle back-office operations like accounting and