Scroll through the stars to explore some of our strategic partner relationships.

Constellation is an innovative global joint venture creating structured, growth-oriented investments in alternative investment management firms.

Premier institutional investors

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The Constellation platform is a collaborative asset owner network with capital and expertise from some of the world’s premier institutional investors. Owned by Alaska Permanent Fund Corporation, New York State Common Retirement Fund, the Public Institution for Social Security (Kuwait) and Railpen, with investment management services provided by Wafra Inc., our coalition has grown to include additional asset owners across three continents, including Kuwait Investment Authority, Orange County Employees Retirement System and the Third Swedish National Pension Fund, among others. Constellation’s asset owners, who collectively manage over $1 trillion in AUM, have created a singular collective market presence that leverages Wafra’s ability to partner with talented investment teams to create aligned, substantial and lasting benefits for both asset owners and asset managers within Constellation.

About Us

Constellation is a private equity strategy that provides growth capital to private alternative asset management firms.  Constellation’s structured investments seek to create financial solutions and strategic added value for alternative asset management firms while generating multiple sources of value for asset owners. A long track record of investment performance and value creation demonstrates the merits of combining ownership stakes in alternative asset management firms with curated exposures to a diverse range of underlying assets.

Asset Owners

  • One of UK’s largest and longest established pension funds, the Railways Pension Scheme is responsible for the safekeeping and investment of approximately £35 billion on behalf of the pension’s 500,000 members connected to the railway industry.

    INVESTMENT YEAR: 2018

    HQ: London

    YEAR FOUNDED: 1953

    STRATEGY: Private Pension

  • Alaska Permanent Fund Corporation

    https://www.apfc.org/

    One of the largest, most effective and globally-positioned institutional investors among U.S. investment plans, the Alaska Permanent Fund Corporation is responsible for investing approximately $65 billion on behalf of current and future generations of Alaskans.

    INVESTMENT YEAR: 2018

    HQ: Juneau, AK

    YEAR FOUNDED: 1980

    STRATEGY: Sovereign Wealth Fund

  • The Public Institution for Social Security

    https://www.pifss.gov.kw/

    The Public Institution for Social Security is the second largest pension scheme in the Middle East responsible for investing retirement and social security contributions to over 605,000 employed Kuwaiti nationals and military personnel.

    INVESTMENT YEAR: 2018

    HQ: Kuwait City

    YEAR FOUNDED: 1976

    STRATEGY: Public Pension

  • One of the five diversification buffer funds in the national pension system, the Third Swedish National Pension Fund (AP3) invests approximately SEK 386 billion to generate maximum possible long-term risk-adjusted returns and protects the Swedish public pension system for current and future pensioners.

    INVESTMENT YEAR: 2019

    HQ: Stockholm

    YEAR FOUNDED: 2001

    STRATEGY: National Pension

  • Orange County Employees Retirement System

    https://www.ocers.org/

    Orange County Employees Retirement Systems (“OCERS”) is among the United States’ 100 largest public pension funds, with the investment committee overseeing the system’s diverse portfolio of $21.1 billion in assets1 on behalf of employees of the county and certain districts.

    INVESTMENT YEAR: 2021

    HQ: Santa Ana, CA

    YEAR FOUNDED: 1944

    STRATEGY: Public Pension

    1 OCERS’ total assets estimated as of September 30, 2021.

Strategic Partners

Constellation is a private equity strategy that creates structured financial solutions for alternative asset management firms and seeks to generate multiple sources of value for asset owners by providing catalytic growth capital and by serving as an interest-aligned and resource-rich thought partner and implementation partner. Constellation combines the perspectives of institutional investors and business builders in seeking to drive value creation.  The partnership aims to create a diversified portfolio of manager ownership interests in investment firms that we believe will prove to be enduring and successful.

  • All Seas Capital is a London based private capital firm focused on providing flexible, structured investment solutions to middle-market, entrepreneur, family-owned and sponsor-backed businesses across Western Europe.

    INVESTMENT YEAR: 2020

    HQ: London

    STATUS: Current

    YEAR FOUNDED: 2019

    STRATEGY: Structured capital

  • Ara Partners Group is a private equity platform investing in middle-market opportunities across the global energy and industrials sectors. Ara Partners invests in private equity and private credit opportunities under the banners of AEM Advisers, Intervale Capital, Bayou City Energy, Cibolo Energy Partners, Junction Energy Capital, Aksiom Partners and Teleios Commodities.

    INVESTMENT YEAR: 2018

    HQ: Houston, TX

    STATUS: Current

    YEAR FOUNDED: 2016

    STRATEGY: Industrials and renewables private equity

  • Astra Capital Management

    https://www.astracapitalmgmt.com

    Astra Capital Management is a middle-market private equity firm specializing exclusively in the global communications and technology services industries. Astra focuses on mobility, broadband, and technology-enabled services.

    INVESTMENT YEAR: 2017 1

    HQ: Washington, DC

    STATUS: Current

    YEAR FOUNDED: 2014

    STRATEGY: Telecom and communications private equity

    1 Wafra closed its investment in Astra Capital Management in December 2017 in a predecessor fund; the investment was subsequently transferred to Constellation in May 2018.

  • Avista Capital Partners

    http://www.avistacap.com/

    Avista Capital Partners (“Avista”) is a middle-market healthcare private equity platform with a focus in medtech & devices, specialty & generic pharma, pharma & device outsourcing, healthcare distribution, tech & services and consumer-driven healthcare. Avista is led by an experienced investment team whose founders have worked together for over 20 years.

    INVESTMENT YEAR: 2020

    HQ: New York

    STATUS: Current

    YEAR FOUNDED: 2005

    STRATEGY: Healthcare private equity

  • Broad Sky Partners is a private equity firm that partners with leading middle market business services and consumer companies. The firm offers a differentiated approach to sector-focused, thematic investing and value creation. Its Portfolio Resource Group is dedicated to helping companies capitalize on growth opportunities.

    INVESTMENT YEAR: 2021

    HQ: New York

    STATUS: Current

    YEAR FOUNDED: 2014

    STRATEGY: Business services and consumer private equity

  • Motive Partners is a sector specialist investment firm that is focused on technology enabled companies that power the financial services industry. Based in New York and London and comprised of investors, operators and innovators, Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies.

    INVESTMENT YEAR: 2018

    HQ: New York

    STATUS: Current

    YEAR FOUNDED: 2015

    STRATEGY: Fintech private equity

  • Pollen Street Capital

    https://www.pollencap.com/

    Pollen Street Capital is an independent, sector specialist alternative investment management company focusing on financial and business services and specialty lending to drive corporate transformation and investment performance through capital solutions and strategic insight.

    INVESTMENT YEAR: 2020

    HQ: London

    STATUS: Current

    YEAR FOUNDED: 2013

    STRATEGY: Financials private equity and credit

  • Post Road Group is an alternative investment management firm focusing on corporate credit and preferred equity, real estate credit and multifamily investments with an emphasis on providing creative and flexible capital in support of long-term partnerships.

    INVESTMENT YEAR: 2021

    HQ: Stamford, CT

    STATUS: Current

    YEAR FOUNDED: 2015

    STRATEGY: Private credit and private equity in real estate, TMT and business services