Since its inception in 2018, the Capital Constellation platform has made strategic investments in 29 alternative asset managers.
The New York-based manager is also planning a successor to its GP-led secondaries fund in 2027 and is targeting an H1 first close for its debut credit secondaries offering.
The Texas-based alternative investment manager specializes in private credit, with strategies spanning direct lending, portfolio finance, and capital solutions.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The firm closed its second vehicle for the strategy in January, securing $1.6 billion in capital commitments at its revised hard cap.
The sequel fund has secured $150 million from a California pension and will back venture and growth managers through GP stakes, fund commitments, and co-investments.
TPG GP Solutions II, which held a first close last year, had raised over $1.7 billion in capital commitments as of June.
The oversubscribed fund is the largest investment vehicle raised for Wafra's Capital Constellation platform, which targets minority investments in next-gen alternative asset managers.
Blue Owl GP Stakes VI, which has raised approximately $10 billion, is expected to hold a final close this year.
With over $6 billion in AUM, Gallatin is a private investment firm focused on structured investments in financial services businesses.
