Gen II Fund Services (Gen II), an independent private equity fund administrator, has acquired Stone Pine Accounting Services (Stone Pine), a Denver-based provider of private equity fund administration, tax and investor services.
Stone Pine provides tailored services to a variety of private equity fund structures. The addition further enhances Gen II’s service offerings, expands the firm’s footprint in the Western US, and increases its headcount to more than 750. Significantly, the acquisition brings Gen II’s assets under administration to more than $600 billion.
“We are thrilled to welcome the experienced and dedicated Stone Pine team to Gen II,” says Steven Millner, Managing Principal and Co-Founder, Gen II. “Gen II is among the largest fund administrators dedicated solely to private equity and the addition of Stone Pine, with its strong roster of clients and staff, further enhances our already comprehensive capabilities. Like Gen II, Stone Pine has a passion for high-touch client service and we are confident their contributions will benefit the firm and our collective clients, while furthering our long-term growth.”
Terms of the transaction have not been disclosed.
Read more/Source: Private Equity Wire
