New York State Common Retirement Fund is investing $340m in institutional investor-backed Capital Constellation Inc., which takes stakes in growth-stage, specialist private-equity managers.
With this commitment, the New York State pension fund will become an equal partner in Capital Constellation alongside investors that include Alaska Permanent Fund Corp., the Public Institution for Social Security of Kuwait (“PIFSS”) and the British pension fund Railpen, according to Daniel Adamson, president of Capital Constellation.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Capital Constellation is an innovative joint venture among major asset owners. Recognized as the “Partnership of the Year” at Institutional Investor’s Allocators’ Choice Awards in 2018, Capital Constellation is designed as a collaborative asset owner platform with significant capital and expertise from some of the world’s premier institutional investors. Capital Constellation pursues a private equity strategy that provides growth capital to private alternative asset management firms.
Source: Business Wire
Can’t stop reading? Read more
TPG explores $7.5bn Asia OneHealthcare exit with sale or IPO options
TPG explores $7.5bn Asia OneHealthcare exit with sale or IPO options TPG has appointed Malayan...
Blackstone teams with Dubai Aerospace on $1.6bn annual aircraft leasing push
Blackstone teams with Dubai Aerospace on $1.6bn annual aircraft leasing push Blackstone has...
CVC seeks co-investors for $12.7bn Recordati buyout in mega LBO push
CVC seeks co-investors for $12.7bn Recordati buyout in mega LBO push CVC Capital Partners is...