https://www.live-feeds.com/feed/kkr-strikes-deal-to-buy-private-capital-fund-administrator-gen-iiContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/kkr-strikes-deal-to-buy-private-capital-fund-administrator-gen-iihttps://www.live-feeds.com/feed/kkr-strikes-deal-to-buy-private-capital-fund-administrator-gen-ii#u114401Sat, 10 Oct 2026 14:55:23 +0000Global investment firm KKR has agreed to acquire private-capital fund administrator Gen II Fund Services for a total enterprise value of $5.1 billion, including debt. KKR is purchasing Gen II through its Core Private Equity strategy from sellers Hg, General Atlantic, and other minority investors. Led by CEO Steven Millner, the current leadership team will continue managing the company. The transaction plans also involve further investments in Gen II proprietary technology and artificial intelligence-based tools.Why it mattersThe acquisition highlights growing private equity interest in the fun