Gen II considering $6 billion sale, FT reports

Hugoton Royalty Trust

Hugoton Royalty Trust

HGT

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June 8 (Reuters) - Owners of New York-based Gen II are exploring the potential sale of the private capital fund administrator later this year in a deal worth $6 billion, the Financial Times reported on Monday, citing people familiar with the matter.

The firm is backed by a consortium of institutional investors, including private equity firm General Atlantic and software investor Hg HGT.L, as per Hg's website.

Reuters could not immediately verify the report. Gen II, General Atlantic and Hg did not immediately respond to Reuters' requests for comment.

No firm decision has been made and the plans remain subject to change, with no advisers appointed so far, the report said.

Gen II was formed in 2009 and now oversees over $1.5 trillion of private fund capital, as per its website.



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