Gen II secures new funding as IHS Markit takes minority stake

Gen II Fund Services, a U.S.-based independent private equity fund administrator, has secured new funding. General Atlantic, a global growth equity firm, and Hg, a global software investor, will lead the investment. IHS Markit, a provider of information, analytics and solutions, will also make a minority investment in the company. Cobepa S.A will continue to hold a minority stake. The Gen II founders and management team will continue to hold a significant investment whilst continuing to lead the business. Gen II administers >USD375bn of private assets.