Mubasher: The Public Institution for Social Security of Kuwait (PIFSS), and the Alaska Permanent Fund Corporation (APFC) have established a new entity called Capital Constellation, with RPMI Railpen and Wafra.
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, according to a press release.
“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.
“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,” he added.
“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,” said Steve Moseley, the head of private equity
“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,” according to Meshal Al-Othman, the chief investment officer of PIFSS.
“We are excited to partner with Constellation as we begin our next phase of growth,” said Mark Johnson, the co-founder and managing partner of Astra.
