Gen II Fund Services, an independent private capital fund administrator, has increased its AUA to more than $1tn with the acquisition of Crestbridge, a European provider of private capital fund administration services.
The acquisition of Crestbridge expands Gen II’s presence in Luxembourg and adds jurisdictional reach in the UK, Jersey, Ireland and other international markets. The firm’s headcount now comprises more than 1,700 professionals.
As part of the acquisition, Dean Hodcroft, former CEO of Crestbridge, will lead Gen II’s European operations.
Crestbridge was founded in 1998 and provides a broad range of outsourced administration, accounting, corporate governance, depositary, management company and compliance services to fund sponsors. The firm has private markets expertise, including private equity, real estate, private credit and infrastructure, as well as a corporate services offering.
