General Atlantic to Invest in Gen II Fund Services

Paul, Weiss advised General Atlantic in its strategic investment, alongside Hg and IHS Markit, in Gen II Fund Services, LLC, a leading independent private equity fund administrator. Terms of the transaction were not disclosed. Closing of the transaction is pending customary antitrust and regulatory approvals.

The Paul, Weiss team included, among others, corporate partners Matthew Abbott and Neil Goldman and counsel Ji Lu; tax partner Lindsay Parks; intellectual property partner Jonathan Ashtor and counsel Michael Kurzer; executive compensation partner Lawrence Witdorchic and counsel Nicole Tark; real estate partner Peter Fisch; and litigation partner Jessica Carey and counsel Daniel Juceam and Steven Herzog.