By David G. Barry
Alaska Permanent Fund Corporation’s former head of alternative investments, Steve Moseley, has taken a new role on the other side of the country with a firm he has come to know well.
Moseley is now a managing director with Wafra Inc. and will be based in the alternative investment manager’s New York headquarters.
According to Wafra, he will be working to develop a new co-investment initiative that the firm will be launching and also supporting the continued growth of Capital Constellation, a joint venture program that includes APFC among its members. Moseley also will be involved with Wafra’s broader GP stakes program. Wafra has $33 billion in assets under management.
In a statement, Moesley said he
“was pleased ” to
be joining a firm he has “gotten to know well over the years ”
and looking forward “to continuing to
work with global asset owners to develop and deliver creative capital
Moseley spent more than eight years at APFC where he was credited with growing the sovereign wealth fund’s private equity portfolio to include more direct investing and co-investments. As of May 31, APFC’s private equity program had generated a return of 25.76% over the past year and 28.58% over the past five years.
Marcus Frampton, who is chief investment officer of the $82.2 billion fund, indicated in a recent meeting that he will be devoting more of his time to APFC’s private equity portfolio in light of Moseley’s departure.
In a statement, Wafra's CIO Adel Alderbas said the firm has “enjoyed watching the success Steve has had at APFC and believe his experience and skillset is complementary to Wafra’s mission of providing long-term prosperity for asset owners around the world.”
Wafra invests across a range of alternative assets, including strategic partnerships, real estate, real assets and infrastructure. It also has offices in London, Kuwait and Bermuda.