Constellation Growth Capital

Constellation Growth Capital is a global joint venture that makes structured, growth-oriented investments in alternative investment management firms. It works as a private equity strategy. Wafra Inc. provides investment management services for the platform.

What Constellation Growth Capital does

• Growth capital: funding for private alternative asset managers.
• Ownership stakes: investments that combine holdings in managers with exposure to their underlying assets.
• Structured solutions: arrangements aimed at adding strategic value for the managers.
• Asset owner network: a collaborative group of institutional investors across three continents.

Who it serves

Private alternative asset management firms. Its owners are public pension and sovereign investors, among them Railpen, the Alaska Permanent Fund Corporation, a New York state pension fund and the Kuwaiti social security institution.

Key facts

• Investment manager: Wafra Inc.
• Other participants: a Kuwaiti sovereign investor, a Californian county pension system and a Swedish national pension buffer fund
• Strategy: private equity