Constellation Advisers, a New York based co-sourced and outsourced investment management service provider, received a strategic investment from TZP Small Cap Partners I, L.P.
The amount of the deal was not disclosed.
Following the deal, Constellation’s senior management team will continue to be led by Mr. Boris Onefater, CEO and Co-Founder, and Mr. Greg Farrington, President and Co-Founder. Onefater and Farrington will remain on the company’s board of directors.
The company intends to use the funds to enhance its institutional platform and support its client base.
Founded in 2008, Constellation Advisers provides outsourced CFO, accounting, operational, regulatory and compliance support services to a range of alternative and traditional investment management firms and their investors, including private equity funds, hedge funds, credit funds, venture capital funds, family offices, mutual funds, fund of funds, among others. The firm, which also operates centers of excellence in San Francisco, Dallas, Los Angeles, and North Carolina, services more than 450 clients across the United States and internationally.