Pinsent Masons advises RPMI Railpen on formation of $700m joint venture
12 Mar 2018 | 09:41 am |
International law firm Pinsent Masons has advised RPMI Railpen on its $200m commitment to a joint venture with The Alaska Permanent Fund Corporation and the Public Institution for Social Security of Kuwait.
The innovative joint venture among asset owners, Capital Constellation, will invest in next generation private equity and alternative investment managers. Together, the joint venture partners will initially commit $700 million and Constellation is expected to deploy over $1.5 billion in investment capital over the next five years. Constellation will be advised by Wafra, a leading manager of private equity and alternative assets.
The Pinsent Masons team acting on the transaction was led by investment funds partners Ian Warner and David Young with investment funds senior associate Oliver Crowley, tax partner Eloise Walker and tax senior associate Jeremy Webster.
Commenting on the deal, Ian Warner said:
"The formation of Capital Constellation is a great success and exemplifies RPMI Railpen's innovative approach to investments. The ability of the Pinsent Masons team to deliver expert legal and commercial advice on this complex transaction is testament to the quality of our growing investment funds practice."
Kirkland & Ellis LLP advised Wafra and Sheppard Mullin acted for the Alaska Permanent Fund Corporation.
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises TotalEnergies on disposal to Serica
Multinational law firm Pinsent Masons has advised supermajor TotalEnergies E&P UK Limited (TotalEnergies) on the sale of its 40 per cent operated interests in the Greater Laggan Area gas fields in the West of Shetland, and the onshore Shetland Gas Plant, to AIM-listed oil and gas independent Serica Energy Plc (Serica).
Pinsent Masons launches new advisory proposition to help boards close the growing ‘say–do gap’ in climate and sustainability disclosures
Pinsent Masons has launched a new advisory proposition designed to help boards, directors, trustees and senior leaders navigate rapidly expanding legal and regulatory expectations around climate and wider sustainability disclosures.
Pinsent Masons advises Pension Insurance Corporation on its acquisition of Ebb and Flow
Pinsent Masons has advised Pension Insurance Corporation (PIC) on its landmark acquisition of Ebb & Flow, a fully let 598‑unit build‑to‑rent scheme in Reading, in a deal exceeding £200 million.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons announces 2026 partner promotions
Multinational law firm Pinsent Masons has announced this year’s partner promotions, with 23 lawyers set to join the firm’s global partnership as of 1 May 2026.
Pinsent Masons advises Foresters Friendly Society on UK insurance business transfer
Multinational law firm Pinsent Masons has advised Foresters Friendly Society on the proposed transfer of its UK insurance business to Shepherds Friendly.
Pinsent Masons hires new partner Belen Lavandera to strengthen its Spanish employment practice
Pinsent Masons has continued the growth of its Spanish practice with the hire of new employment partner Belén Lavandera from Linklaters.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]