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Strategy

KKR Agrees to Buy Fund Administrator Gen II at a $5.1 Billion Enterprise Value

The purchase from Hg and General Atlantic pushes the firm deeper into the back-office plumbing of the private funds industry rather than into a portfolio company.

AF

By Anna Ferreira

Oct 6, 2026 · 2 min read

KKR has agreed to acquire Gen II Fund Services at an enterprise value of $5.1 billion, buying the fund administrator from the private equity firms Hg and General Atlantic, according to a release issued Monday evening at 7:30 p.m. Eastern.

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AF

Anna Ferreira

Senior Correspondent, Corporate Strategy

Anna Ferreira writes for Corporate Insider Inc.

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