Gen II Fund Services, a U.S.-based independent private capital fund administrator, has signed a definitive agreement to acquire the private capital administration business of Crestbridge, a UK-based provider. The transaction is expected to close following customary regulatory approvals. Terms of the transaction were not disclosed. Crestbridge Family Office Services, which is not part of this transaction, will continue to provide its private client, trust and fiduciary services whilst remaining privately owned. In 2019 Gen II acquired the Luxembourg business of Quilvest, which was rebranded as Gen II Luxembourg Services.
