Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 312

The Alaska Permanent Fund Corporation

Posted by fidest press agency su sabato, 24 febbraio 2018

The Alaska Permanent Fund Corporation (“APFC”), the Public Institution for Social Security of Kuwait (“PIFSS”), RPMI Railpen (“Railpen”) and Wafra, a leading manager of private equity and alternative investments, today announced that they have established a new entity called Capital Constellation (“Constellation”). Constellation will provide catalytic investment capital to next generation private equity and alternatives managers and will be advised by Wafra. Combined, the founders will initially commit $700 million to the venture and Constellation is expected to deploy over $1.5 billion in the next five years.Constellation will bring together the expertise and capital base of three of the world’s premier institutional investors, spanning Europe, North America, and the Middle East. Constellation leverages Wafra’s existing capabilities to form partnerships with promising investment teams who demonstrate the investment and operational expertise required to generate strong investment performance and business growth.Constellation’s mission is to assist talented alternative investment managers in breaking through the challenges of initial fundraising, specifically by providing strategic and operational support and an aligned, substantial and long-term capital base. In return, Constellation’s unique structure is designed to generate consistent, long-term value for its members’ pensioners and citizens.
“We are thrilled to bring together three of the world’s premier institutional investors to establish Constellation,” said Russell Valdez, Senior Managing Director of Wafra and a founding Board member of Constellation. “We believe this innovative investment platform will be a key resource for investment managers as they launch and build the next generation of successful and enduring private equity, real estate and other alternative investment franchises.”“We are pleased to create a platform that leverages our shared competitive advantages of stability, long-term orientation, and scale. Constellation adds a unique source of value to our portfolio that will help us continue to deliver substantial and lasting value to the State of Alaska,” added Steve Moseley, Head of Private Equity and Special Opportunities at APFC and a founding Board member of Constellation.“Combining forces with leading institutional investors through Wafra will enable us to find future stars in the investment space. Looking for long-term partnerships should be a key to our success,” stated Meshal Al-Othman, Chief Investment Officer of PIFSS.

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