Capital Constellation
fund on 1 show · 10 statements across 1 episodes · said 58 times in 7 episodes since 2020
Mentions by year, every show
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Capital Allocators 58
2023 5 mentions in 1 episode
2021 9 mentions in 5 episodes 2 per episode
- Innovation in Private Markets 2: Mark Johnson – New Leaders in Private Equity at Astra (Capital Allocators, EP.193)
- Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
- Innovation in Private Markets 1: Steve Moseley – The Space in Between GPs and LPs at Alaska Permanent Fund (Capital Allocators, EP.192)
- Wylie Fernyhough – Private Equity Stakes (Capital Allocators, EP.208)
- Ashby Monk – Innovation in Institutional Portfolios (Capital Allocators, EP.196)
- every mention in 2021, scene by scene →
2020 44 mentions in 1 episode
every mention on every show, scene by scene, with the transcript →
10 statements about Capital Constellation, every show
Adamson: MIT study shows early private equity fund vintages tend to outperform
“We did a study with MIT last year that argues that those vintages tend to outperform.”
Adamson: Constellation's institutional backers project positive cash flows through 2060
“Asset owner base has a generational timeframe. Most of them are cashflow positive through 20, 60, 20, 70.”
Adamson: PE seeding is a niche strategy that cannot deploy billions annually
“Seeding, let's be honest, is a fairly niche business. We will never be deploying tens of billions of dollars in this way, at least not in a year.”
Adamson: GPs with $3B AUM still seek catalytic sovereign wealth backing
“First, we've noticed that slightly more mature GPs that might have two or three billion in AUM are still interested in this value proposition because if they can get a catalytic investment from their ideal client base, which is large pensions and sovereigns gl…”
Adamson: Constellation caps asset owner membership at 12 to avoid scale diseconomies
“I think the ultimate goal would be to have, let's say, 10 to 12 asset owners be part of this. Beyond that, I think we start to get diseconomies of scale, and it's harder to share information.”
Adamson: Constellation launched with 100% asset owner equity and milestone-based vesting
“We started with asset owners on a hundred percent and management can vest in if certain milestones are reached over a very long period of time to something that will be meaningful to them and keep them part of the fold.”
Adamson: Constellation is equally owned by Alaska, Railpen, and Kuwait's PIFIS
“Constellation should be owned in equal parts by Alaska, Railpen, and PIFIS in Kuwait. And it's as simple as that. It's owned 33% by each group. We then structured it in such a way that other investors, such as the Swedish and the Kuwait Investment Authority, w…”
Adamson: Constellation's five institutional partners manage $1 trillion in combined AUM
“We have a trillion dollars of AUM amongst our partner institutions, and that's just today with the five that we have.”
Adamson: Greatest financial market innovations stem from structural, not technological, changes
“And I think a lot of the greatest innovations in Financial markets have come not through technology changes, but through structural changes.”
Adamson: Finance lacks the collaborative virtual platforms seen in the tech industry
“What we've seen in other industries and Airbnb is a great example of this, but there are many, many others is entrepreneurs working together through a kind of virtual company. Through tech, through governance enables animal spirits to flourish and creates a ki…”