Freshfields Bruckhaus Deringer ('Freshfields') has advised on the sale of Crestbridge’s private equity and real estate fund administration business to Gen II Fund Services, LLC (‘Gen II’), a leading independent private capital fund administrator. The transaction is expected to close in due course following customary regulatory approvals. Crestbridge provides a broad range of outsourced administration, accounting, corporate governance and compliance services to many of the world’s leading fund sponsors and is recognised for its private markets expertise. The combination further establishes Gen II as one of the world’s largest independent private capital fund administrators, expanding its jurisdictional reach to include the UK, Jersey, Ireland and other international markets. The Freshfields team is being led by corporate partners Edward Cole and Andy Robinson, and counsel Holly Baker.