Firm at a glance
Constellation Wealth Capital is a platform private equity firm headquartered in Chicago, IL, per its own website [S1].
What they buy
Based on publicly reported transactions, Constellation Wealth Capital appears to focus on wealth management and registered investment advisor (RIA) platforms. The firm’s inaugural investments include minority stakes in multi-billion dollar wealth management firms, suggesting a strategy centered on partnering with established wealth advisory businesses rather than acquiring controlling interests [S2][S3][S4].
Portfolio
Constellation Wealth Capital’s publicly disclosed portfolio companies include:
**Wealth Management**
* Cresset (minority investment, December 2024) [S2][S4]
* BIP Wealth (strategic investment, February 2026) [S3]
Recent activity (last 24 months)
* December 2024: Closed inaugural fund with more than $1 billion in capital commitments [S5]
* December 2024: Acquired minority stake in Cresset, a wealth management platform [S2]
* January 2026: Participated in Cresset funding round at approximately $3.3 billion valuation alongside Blue Owl [S4]
* February 2026: Announced strategic investment in BIP Wealth [S3]
How this firm fits a seller
Constellation Wealth Capital appears positioned for founders and management teams in the wealth management sector seeking growth capital while retaining operational control, based on its pattern of minority investments in established RIA platforms. The firm closed its inaugural fund in December 2024 with more than $1 billion in commitments, indicating active deployment capacity [S5]. For sellers in the registered investment advisor or wealth management space, the firm’s recent transaction history suggests a partnership-oriented approach rather than full buyouts. The firm’s focus aligns with CT Acquisitions’ financial services vertical.
Sources
[S1] https://constellationwealthcapital.com (as of 2025-01-10)
[S2] https://www.lw.com/en/news/2024/12/latham-watkins-advises-cresset-on-minority-investment-from-constellation-wealth-capital (as of 2024-12)
[S3] https://pulse2.com/bip-wealth-announces-strategic-investment-from-constellation-wealth-capital/ (as of 2026-02-23)
[S4] https://citywire.com/pro-buyer/news/exclusive-cresset-raises-300m-at-3-3bn-valuation-from-constellation-and-blue-owl/a2482224 (as of 2026-01)
[S5] https://www.businesswire.com/news/home/20241216080654/en/Constellation-Wealth-Capital-Closes-Inaugural-Fund-with-More-Than-%241-Billion-in-Capital-Commitments (as of 2024-12-16)
Frequently asked questions
Does Constellation Wealth Capital buy wealth management businesses?
Yes, based on publicly reported transactions. The firm has made strategic investments in wealth management platforms including Cresset and BIP Wealth, both announced within the past 24 months [S2][S3]. These investments appear to be minority stakes in established RIA firms rather than full acquisitions.
What companies has Constellation Wealth Capital acquired recently?
Constellation Wealth Capital’s recent investments include Cresset, a wealth management platform where it took a minority position in December 2024, and BIP Wealth, announced in February 2026 [S2][S3]. The firm also participated in a subsequent Cresset funding round in January 2026 at approximately $3.3 billion valuation [S4].
Where is Constellation Wealth Capital based and how big is the firm?
Constellation Wealth Capital is based in Chicago, IL [S1]. The firm closed its inaugural fund in December 2024 with more than $1 billion in capital commitments [S5].
Is Constellation Wealth Capital still actively acquiring?
Yes, the firm appears actively acquiring based on recent transaction activity. Its most recent publicly announced investment was in BIP Wealth in February 2026, and it closed its inaugural fund in December 2024 [S3][S5].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.