Gen II

Private-equity firm KKR has struck a deal to acquire Gen II, a leading administrator for private-capital funds. The WSJ report drew attention on finance and business channels, with readers weighing in on consolidation in the fund-administration sector and what the purchase means for KKR's private-markets services business.

KKR has struck a deal to acquire Gen II, a leading administrator for private-capital funds. The purchase gives the private-equity giant control of a major back-office services provider at a time when fund administration is growing alongside the private-markets boom. The Wall Street Journal reported the agreement, though financial terms were not disclosed in the headline coverage.