The combination of fund administrators Gen II and Crestbridge this week brings more than 215 Luxembourg employees under a new roof.
New York-headquartered Gen II completed its acquisition of Crestbridge, based in Jersey, the companies announced on Tuesday.
The firms have somewhat differing specialties, with Gen II involved in private equity, real estate, private credit and infrastructure customers, while Crestbridge offers private equity and real estate fund administration.
The expanded Gen II now has more than $1 trillion in assets under administration with more than 1,700 professionals, the company said in a statement.
