Kirkland & Ellis LLP advised Wafra, a leading manager of private equity and alternative investments, on its joint venture with The Alaska Permanent Fund Corporation, the Public Institution for Social Security of Kuwait and RPMI Railpen to establish a new entity called Capital Constellation. Capital 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 Capital Constellation is expected to deploy over $1.5 billion in the next five years. The full press release is available here.
The Kirkland team was led by corporate partner Paul Watt and associate Suzannah Hacking with support from tax partners Stephen Butler and Donald Rocap; corporate partners Jai Agrawal, Joshua Soszynski and associate Anna Baxendale; executive compensation partner Scott Price; and investment funds partners Elizabeth Richards and Aaron Schlaphoff.