News & Research

NEW YORK–Wafra Inc. (“Wafra”), the global alternative investment firm, announced today that it held a final close for Constellation Generation IV (“CG IV”) at the target size of $1.5 billion. CG IV is the latest vintage in the Constellation series of funds that provides growth capital to private alternative asset management firms.

November 14, 2022 – Capital Constellation (“Constellation”), the innovative venture among leading institutional asset owners in Europe, North America and the Gulf, today announced that Mubadala Capital, the global asset management firm, has joined the Constellation consortium following the addition of Canada Pension Plan Investment Board which was announced last month.

July 12, 2022–Capital Constellation (“Constellation”), the joint venture among leading institutional asset owners in Europe, North America and the Gulf, today announced the addition of Hartford Investment Management Company (“HIMCO”) to its consortium of asset owners and to Constellation’s Strategic Committee.

On March 29, 2022, a panel of investors met to discuss the changing relationships among asset owners in private markets, focusing on collaborative approaches to private market investment.

March 3, 2022 – Post Road Group (“Post Road” or the “Firm”), an alternative investment firm focused on real estate and middle-market corporate strategies, today announced that Capital Constellation has acquired a passive, minority ownership interest in Post Road to support the Firm’s long-term growth and development.

January 27, 2022 – Broad Sky Partners today announced a strategic investment from Capital Constellation, as well as its acquisition of Thomas Scientific, marking the team’s first transaction.

January 12, 2022 – Capital Constellation (“Constellation”) is pleased to announce the addition of the Orange County Employees Retirement System (“OCERS”) to its consortium of asset owners and welcomes OCERS’ Chief Investment Officer, Molly Murphy, to Constellation’s Strategic Committee.

December 17, 2021 – WSJ PRO – New York State Common Retirement Fund is joining three other institutional investors that invested in the formation of Capital Constellation, which acquires stakes in growth stage private equity managers.

December 17, 2021 – Capital Constellation (“Constellation”), the joint venture among leading institutional asset owners in Europe, North America and the Gulf, today announced the addition of a new partner, the New York State Common Retirement Fund (“NYSCRF”), a public pension with an estimated value of $268.3 billion (as of June 30, 2021).

May 25, 2021 – As a concluding follow up to the three-part miniseries Innovation in Private Markets, we reflect on our first podcast with Ted Seides, Founder and Host of Capital Allocators, featuring Daniel Adamson, President of Capital Constellation and Senior Managing Director at Wafra that was released almost exactly a year ago.

May 18, 2021 –  In the third and final podcast episode of Innovation in Private Markets, Ted Seides, Founder and Host of Capital Allocators, is joined by Sulaiman Alderbas, Head of Alternative Investments at PIFSS. Sulaiman discusses his journey into the world of investing and the lessons learned along the way.  He discusses how he went about reorganizing and rebuilding the alternative investment division of the $100+ billion pension fund and where he sees the strengths of the organization today.

May 12, 2021 – In the second podcast episode of Innovation in Private Markets, Ted Seides, Founder and Host of Capital Allocators, is joined by Mark Johnson, Co-Founder & Managing Partner of Astra Capital Management. Mark discusses how he merged best practices from large shops with his own entrepreneurial spirit and ambition, bringing together seasoned deal and operating executives to launch Astra, with a utopian ideal in mind.

May 2, 2021 – In the first podcast episode of Innovation in Private Markets, Ted Seides, Founder and Host of Capital Allocators, is joined by Steve Moseley, Head of Alternative Investments at the Alaska Permanent Fund Corporation (APFC). Mr. Moseley discusses his path to APFC, the fund’s unique pool of capital, the history of its investment strategy and the development of its private asset portfolio.

As businesses become increasingly reliant on technology, it has become more important than ever for business leaders to establish strong partnerships with the CTO (Chief Technology Officer) and CISO (Chief Information Security Officer) within the organization.

December 2020 – Wafra Europe Ltd. managing director Tom Rotherham-Winqvist offers some advice to new managers looking to establish themselves on the private equity scene.

February 2021 – Private Equity International’s Responsible Investment 2021: 30 Big Ideas Shaping ESG showcases Wafra and the Constellation Platform as ESG Innovators in Due Diligence.

January 12, 2021 – New York’s Avista to date has invested over $6 billion in more than 35 growth-oriented healthcare businesses globally. Capital Constellation’s investment will support the continued growth of Avista’s healthcare-focused investment business, enabling the New York-based firm to increase commitment to its funds under management.

January 19, 2021 – Angela Rodell, CEO of the Alaska Permanent Fund Corporation, and Daniel Adamson, Senior Managing Director of Wafra and President of Capital Constellation, were invited to the virtual edition of the Greenwich Economic Forum for a fireside chat to discuss the importance of forming collaborative partnerships and the long-term benefits they provide.

January 12, 2021 – Capital Constellation acquired a strategic minority interest in Avista Capital Partners, a leading New York-based healthcare focused private equity firm.

November 18, 2020 – “We believe the middle market segment is compelling, in large part because it remains an inefficient market where relationships and hard work pay off.”

November 10, 2020 – “The most attractive aspect of this Partnership is the experience, cohesion and proven capabilities of the Team, as well as an industry that we believe has tailwinds towards sector specialization.”

August 11, 2020 – The paper highlights how we incorporate financially material ESG considerations throughout the investment process to help drive the adoption of leading ESG practices not only among Capital Constellation’s investor entrepreneurs but also across their underlying investments.

July 28, 2020 – “We are long-term investors and long-term investors are there when people run away, and are still there when people jump back into the market.”

July 21, 2020 – “Global partnerships and building long-term trust and relationships between like-minded institutions and investors are key.”

July 20, 2020 – The investment firm is stepping up activity following market dislocations stemming from the virus outbreak.

May 3, 2020 – Daniel de Faro Adamson, Senior Managing Director of Wafra and President of Capital Constellation, speaks about trends of asset owners and the shift to a more collaborative approach to investing.

April 23, 2020 – Russell Valdez of the $25bn investor discusses how GPs can ease pressing concerns of LPs and how the firm is supporting its managers during the coronavirus crisis.

April 14, 2020 – Capital Constellation is acquiring a minority ownership stake in Pollen Street Capital, a European investment platform focused on the financial and business services sectors.

March 31, 2020 – The Alaska Permanent Fund Corporation (“APFC”) and The Railways Pension Scheme (“RPMI Railpen”) Increase Commitment to Capital Constellation by $200 Million.

March 25, 2020 – Capital Constellation is building on its next-generation private-equity business by offering coinvestment capital to managers it backs.

December 5, 2019 – Motive Partners-led investors, including Cannae Holdings, will leverage their combined capabilities and resources to drive substantial value for clients, associates and shareholders.

May 15, 2019 – One-year-old Capital Constellation seeks better alignment of interest between LPs and GPs through long-term ownership stakes in firms launching their inaugural funds.

NEW YORK, NY and HOUSTON, TX, July 16, 2018 – Capital Constellation (“Constellation”), a provider of catalytic investment capital to next-generation investor entrepreneurs, today announced the closing of a $150 million strategic partnership with Ara Partners Group (“Ara Partners”), a private equity platform investing in middle-market opportunities across the global energy and industrials sectors.

First-time private-equity funds provide compelling investment opportunities as the current low-return world is driving investors to rethink their risk/reward assessments across asset classes and strategies.

NEW YORK, NY, February 22, 2018—The Alaska Permanent Fund Corporation (“APFC”), the Public Institution for Social Security of Kuwait (“PIFSS”), RPMI Railpen (“Railpen”), and Wafra announce the formation of Capital Constellation, a new venture to provide catalytic investment capital to promising private alternatives managers. Constellation also announced its first strategic partnership with private equity manager Astra Capital Management LLC.