Fund exceeded fundraising targets and will continue to focus on making structured minority investments in well-positioned wealth management firms throughout the United States

CHICAGO--(BUSINESS WIRE)--Constellation Wealth Capital, LLC ("Constellation" or "CWC"), an alternative asset manager dedicated to providing capital solutions to the wealth management sector, announced today the successful final closing of its inaugural fund, Constellation Wealth Capital Fund (the "Fund").

With capital commitments exceeding $1 billion, the Fund was oversubscribed following strong support from a diverse group of institutional limited partners including insurance companies, endowments, foundations, asset managers and fund-of-funds, and family offices. The Fund seeks to provide investors with attractive risk-adjusted returns through structured minority investments in well-positioned wealth management firms throughout the United States.

Founded in 2023 by Karl Heckenberg, Constellation focuses on providing flexible, long-term capital solutions to wealth management firms enabling owners to maintain their independence while providing access to growth capital to strategically expand their platforms both organically and inorganically. CWC also offers value-added advisory services to the companies in which it invests in an effort to help enhance the operating performances of their businesses, scale their platforms, recruit, develop, and retain high-performing talent, pursue accretive mergers and acquisitions, and gain access to growth capital from other third parties, among other initiatives.

"There is a significant market opportunity to serve as a strategic partner to wealth management firms that are at inflection points in their lifecycles and looking to successfully grow their platforms," said Karl Heckenberg, President and Managing Partner of Constellation. "We believe our deep sector knowledge, experience and ability to provide tailored capital and advisory solutions make us an ideal partner for wealth managers focused on building profitable businesses over the long-term. We are grateful for the confidence our investors have placed in us to execute our investment strategy on their behalf."

"Many firms, particularly those with first time funds, are experiencing how challenging it is to raise meaningful capital from institutional limited partners," added Greg Lawton, Head of Capital Formation and Investor Relations at Constellation. "We are humbled by the support we have received from our investors and proud of the success we have achieved surrounding our first fundraise. Our entire team is looking forward to delivering attractive risk-adjusted returns on our investors' behalf."

Pat McHugh, Head of Investments at Constellation, added, "The wealth management industry is evolving in what continues to be a complex global market environment. Individuals and families are in need of smart, thoughtful, and tailored advice to help them achieve their financial goals. We believe the firms that we partner with are amongst the best at what they do, and we are looking forward to supporting them as they embark on their next chapters of growth."

CWC has made eight strategic investments out of its inaugural fund since inception in wealth management firms including AlphaCore Wealth Advisory, AlTi Tiedemann Global, Avior Wealth Management, Cresset Capital Management, CV Advisors, Lido Advisors, Perigon Wealth Management, and Requisite Capital Management.

About Constellation Wealth Capital

Constellation is an alternative asset management platform dedicated to the wealth management sector providing flexible, long-term capital solutions and strategic advisory support to well-positioned wealth management platforms with $2 billion to $75+ billion of assets under management. Constellation leverages its deep industry experience and relationships for the benefit of the companies it invests in and seeks to provide its investors with attractive risk-adjusted returns. The firm is headquartered in Chicago, Illinois. To learn more, please visit or contact us at info@constellationwealthcapital.com.

Media:

Mike Geller
Prosek Partners
mgeller@prosek.com