Gen II Fund Services Transforms Its Global Service Capabilities with Successful Acquisition of Crestbridge
April 16 2024 - 7:00AM
Gen II Fund Services (“Gen II”), a leading independent private
capital fund administrator, today announced the successful close of
the acquisition of Crestbridge, a preeminent 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, significantly
broadening Gen II’s global service reach and product capabilities.
The acquisition increases Gen II’s assets under administration to
more than $1 trillion and creates a roster of more than 1,700
professionals, representing one of the industry’s largest and most
experienced fund administration teams. Dean Hodcroft, former CEO of
Crestbridge, will lead Gen II’s European operations.
Founded in 1998, Crestbridge provides a broad
range of outsourced administration, accounting, corporate
governance, depositary, management company, and compliance services
to many of the world’s leading fund sponsors. The firm has
specialized private markets expertise, including private equity,
real estate, private credit, and infrastructure, as well as a
highly regarded corporate services offering.
With this
announcement, Crestbridge becomes a fully integrated part of Gen
II’s leadership and service capabilities, ensuring that Gen II and
Crestbridge clients have immediate access to a growing range of
high quality, high touch, multinational services and
capabilities.
“The integration of
the Crestbridge team and capabilities into Gen II marks a major
milestone in achieving our goal to be the leading global private
capital fund administrator,” said Steven Millner, CEO of Gen II.
“Blending Crestbridge’s private equity and real estate fund
administration businesses with our service offerings provides our
clients with many more options to support their success and
growth.”
“We look forward to continuing to invest in and
expand our substantial European client footprint and bring clients
a growing range of expert services” said Dean Hodcroft, Gen II’s
Head of Europe. “We look forward to empowering our unified teams to
support international private fund managers through all stages of
their fund lifecycles.”
About Gen II
Gen II is a leading global fund administration
provider focused entirely on serving private capital asset managers
and investors. Since its inception in 2009, the company has become
one of the largest independent global private capital fund
administrators, with more than $1 trillion of private fund capital
under administration. Gen II offers private fund sponsors a
best-in-class combination of people, process, and technology,
enabling GPs to manage their operational infrastructure, financial
reporting, and investor communications most effectively. For more
information, please visit gen2fund.com.
Media Contacts:
For Gen II:Sarah RutledgeHighwire Public
Relationssarahr@highwirepr.com
For Crestbridge:Daniel JasonMaterial
Impactdan.jason@wearematerialimpact.com