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 is looking forward “to continuing to
work with global asset owners to develop and deliver creative capital
solutions.”
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.