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Gen II acquires PE and real estate fund administrator Crestbridge

Gen II Fund Services (Gen II), an independent private capital fund administrator, is to acquire Crestbridge, a European provider of private capital fund administration solutions. Terms of the transaction, which is subject to customary regulatory approvals, have not been disclosed.

Gen II Fund Services (Gen II), an independent private capital fund administrator, is to acquire Crestbridge, a European provider of private capital fund administration solutions. Terms of the transaction, which is subject to customary regulatory approvals, have not been disclosed.

The addition of Crestbridge’s private equity and real estate fund administration business increases Gen II’s assets under administration to more than $1 trillion. The combination also establishes Gen II as one of the world’s largest independent private capital fund administrators, expanding the firm’s jurisdictional reach to include the UK, Jersey, Ireland and other international markets. 

Gen II says the combination will create a roster of more than 1500 professionals, representing one of the industry’s largest and most experienced fund administration teams. 

Founded in 1998, Crestbridge provides a broad range of outsourced administration, accounting, corporate governance and compliance services to fund sponsors. The firm has specialised private markets expertise, including private equity, real estate, private credit, infrastructure, and venture capital.

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