Constellation is a private equity strategy that provides growth capital to private alternative asset management firms. Constellation’s structured investments seeks 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.
Constellation strives to be a symbol of alignment between asset owners and alternative managers, and a force for innovation within the alternatives industry. Structured the right way, Wafra believes that partnerships with promising alternative investment firms are an opportunity to make ground-breaking investments in scalable, forward-thinking strategies. Importantly, through our bespoke structure, we seek to generate consistent, long-term value for the ultimate beneficiaries of Constellation.
Asset Owners and Advisor
Constellation is advised by Wafra, a leading manager of private equity and alternative investment funds, building on its experience of partnering with pioneering investor entrepreneurs to translate their visionary investment strategies to deliver lasting benefits for both asset owners and investment managers.
Asset Owners
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Railpen
https://www.railpen.com/
One of UK’s largest and longest established pension funds, the Railways Pension Scheme is responsible for the safekeeping and investment of the pension’s 500,000 members connected to the railway industry.
INVESTMENT YEAR: 2018
HQ: London
YEAR FOUNDED: 1953
STRATEGY: Private Pension
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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 $75 billion on behalf of current and future generations of Alaskans.
INVESTMENT YEAR: 2018
HQ: Juneau, AK
YEAR FOUNDED: 1980
STRATEGY: Sovereign Wealth Fund
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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
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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
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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 assets on behalf of employees of the county and certain districts.
INVESTMENT YEAR: 2021
HQ: Santa Ana, CA
YEAR FOUNDED: 1944
STRATEGY: Public Pension
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Canada Pension Plan Investment Board (CPP Investments) is a professional investment management organization that manages the CPP Fund in the best interest of the 21 million contributors and beneficiaries of the Canada Pension Plan.
INVESTMENT YEAR: 2022
HQ: Toronto
YEAR FOUNDED: 1997
STRATEGY: Public Pension
