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KKR to buy fund administrator Gen II in $5.1 billion deal including debt

Tuesday, October 6, 2026 · first reported by Reuters and 29 others

KKR acquires Gen II Fund Services from Hg and General Atlantic for $5.1B enterprise value; Gen II administers 275+ investment managers with $2T+ in assets; Steven Millner remains CEO; KKR plans international expansion and AI/tech investment.

Firm
KKR
Asset class
Private equity

The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.

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