Since its inception in 2018, the Capital Constellation platform has made strategic investments in 29 alternative asset managers.
Industry Ventures Secondary XI is the first fund launched since Goldman Sachs acquired the San Francisco-based manager last year.
The 2025 SecLink Awards winner has returned $4.6 billion of capital to investors through five strip sales over the past two years.
SecondaryLink provides exclusive details on the fund's investment strategy, institutional backing, and other details.
The strategy will target both GP-led and LP-led transactions, with an emphasis on secured exposure to asset-backed businesses.
Fund Launch Partners Fund II, which held its first close at $30 million, focuses on smaller and emerging managers at the earliest stages of firm formation.
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.
Arctos Keystone Partners Fund I, which exceeded its $4 billion target, provides growth capital and financing to leading 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.
