Constellation Wealth Capital Invests in AlphaCore Wealth


December 18, 2023

On December 5, 2023, Constellation Wealth Capital announced it had made a strategic investment in AlphaCore Wealth Advisory.

Under the terms of the transaction, Constellation Wealth Capital (“CWC”) announced that it had made an investment in AlphaCore Wealth Advisory (“AlphaCore”). This is CWC’s first investment since its inception earlier this year. Further terms of the deal were not disclosed.

CWC, based in Chicago and led by Managing Partner Karl Heckenberg, is an alternative asset management platform dedicated to the wealth management sector. CWC is minority-backed by Black Owl Capital Investments (NYSE: OWL) (“Black Owl”). As of September 2023, Black Owl had $157 billion in assets under management.

AlphaCore, based in La Jolla, California, is an independent wealth management firm specializing in financial planning services for high-net-worth individuals, families, and institutional clients. As of November 2023, AlphaCore had $2.5 billion in assets under management. Republic Capital served as financial advisor to AlphaCore on the transaction.

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