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KKR acquires Gen II Fund Services for $5.1bn from Hg and General Atlantic; Gen II administers 275+ investment managers overseeing $2tn in assets.
WSJ · also Reuters, PE Hub, Private Equity Wire, Alternatives Watch +10
15 sourcesUBS transfers Credit Suisse fund administration businesses to Northern Trust.
Sidley hires Kirkland partner McNish to lead fund formation practice in Chicago, strengthening its PE/VC fund legal services.
UBS plans to divest the fund administration business it acquired through the Credit Suisse merger, signaling a strategic refocus following integration.
Cambridge Associates expands hedge fund research and consulting team.
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