Gen II Fund Services Acquires Crestbridge

Gen II Fund Services Secures Strategic Investment from General Atlantic, Hg and IHS Markit

November 6, 2020

Financial Services

Gen II Fund Services, a leading independent alternative asset fund administrator headquartered in New York and Luxembourg, has secured a new strategic investment led by General Atlantic and Hg, with IHS Markit making a minority investment. The founders and management will retain a significant stake while the capital and partners will be used to expand Gen II's technology-enabled fund administration capabilities and global reach.

Gen II Fund Services Acquires Update Capital

March 14, 2022

Software

Gen II Fund Services has acquired Update Capital, a Vancouver-based provider of cloud-based investment management technology for the real estate asset class. The acquisition brings Update Capital’s product and its co-founder Ran Kohavi (who will join Gen II as Chief Product Technology Officer) into Gen II to strengthen the firm’s technology capabilities for alternative asset managers.

Westbridge Capital Acquires Berg Industrial Service, Inc.

August 2, 2024

Industrial Services

Westbridge Capital Ltd. has completed the acquisition of Berg Industrial Service, Inc., a 50-year-old, second-generation family business headquartered in Ontario that designs, installs and services industrial chilling systems and operates an associated engineering and fabrication business. The transaction includes a 10% equity participation by the Westbridge Capital Partners Income Trust. Management continuity was announced with Mark Edwards continuing as CEO, Rebecca Carothers joining as COO, and Michael Turner joining the board.

GTCR Acquires Concord Servicing from Inverness Graham

January 8, 2025

Financial Services

GTCR has acquired Concord Servicing, a Scottsdale-based provider of software and administration services for specialty loan servicing, from Inverness Graham. GTCR will partner with new CEO Dhruv Vakharia and plans to accelerate Concord's product and M&A-driven growth to broaden its offering across specialty lending end markets.

Rithm Capital Acquires Crestline Investors

December 7, 2025

Financial Services

Rithm Capital has completed the acquisition of Crestline (Crestline Investors), expanding Rithm’s alternative asset management platform and broadening its investment capabilities across credit, real estate, and structured finance. The deal adds Crestline’s investment track record and leadership to Rithm’s integrated platform, enhancing distribution and product depth for institutional and private wealth clients.

Cresset Acquires CH Investment Partners

October 19, 2024

Wealth Management

Cresset Asset Management has acquired CH Investment Partners, a $6.2 billion multi-family office serving ultra-high-net-worth families. The deal brings CH’s team and client relationships into Cresset’s platform and expands the combined firm’s assets under management to more than $62 billion.