NEW
YORK and LONDON,
July 16,
2024 /PRNewswire/ -- Wafra Inc. ("Wafra") today
announced a strategic investment in Triple Private Equity ("Triple"
or "TPE"), a next generation European private equity firm focused
on small- to mid-cap software and data businesses. The investment
is being made via the firm's Capital Constellation platform, which
backs promising next generation alternative investment firms
globally.
Founded in 2023 by Mads Hansen
and Ben Shepherd, and operating from
London and Copenhagen, Triple specializes in taking
control positions in software and data companies serving the
finance, risk and compliance sectors. Triple closed its initial
investment in April 2024, acquiring
SmartSearch, a UK-based anti-money laundering software
provider.
Hansen and Shepherd bring a unique combination of investing and
operational experience in their target sectors. Hansen is a
seasoned private equity executive who has previously held senior
roles at Hg Capital, Montagu and Platinum Equity. Prior to Triple,
Shepherd served as Chief Strategy, Product and M&A officer at
Refinitiv, the data provider that was part of the London Stock
Exchange Group, and oversaw its $20bn
sale to Blackstone in 2021.
"We are excited to have Wafra as a partner as we look to
establish Triple as one of the leading players in software
investing," said Mads Hansen,
Managing and Founding Partner at Triple Private Equity.
Ben Shepherd, Founding Partner at
Triple added "Their experience in supporting new alternative
investment firms will be invaluable to us; we have already found
their counsel and insights both useful and thoughtful as we have
gotten to know the Wafra team."
"Triple Private Equity has many of the attributes Wafra looks
for in backing a next generation investment firm – an experienced
and talented founder group, a clear and differentiated niche and
strong scope for growth," said Adel Alderbas, Chief Investment
Officer at Wafra and President of Capital Constellation.
Jordan Siskin, Director at Wafra
added "We are delighted to have the opportunity to work with Mads,
Ben and the team for what we are sure will be a highly promising
partnership."
About Triple Private Equity
Triple is a European private equity firm focused on small to
mid-cap software and data businesses that underpin core services in
finance, risk and compliance infrastructure with demonstrable
customer traction, scalable technology, and top leadership talent.
Triple is committed to driving growth and value creation at
mission-critical vertical software and data B2B businesses
throughout Europe. Triple was
founded in 2023 and has offices in London and Copenhagen. To learn more, please visit
www.triple.pe.
About Wafra
Wafra is a global alternative investment manager with
approximately $30 billion of assets
under management across a range of alternative assets, including
strategic partnerships, real estate, and real assets. By providing
flexible and accretive capital solutions and focusing on long-term
partnerships, Wafra aligns and partners with high quality asset
owners, companies, and management teams. Headquartered in
New York, Wafra has additional
offices in London and Bermuda. For more information, please
visit www.wafra.com.
About Capital Constellation
Advised by Wafra and founded in partnership with a select group
of institutional asset owners, Capital Constellation is an
innovative investment program, designed as a collaborative asset
owner platform with expertise from some of the world's premier
institutional investors. Capital Constellation pursues a private
equity strategy to launch and accelerate the next generation of
alternative asset management firms. The platform fosters
partnerships with talented investment teams that can create
aligned, substantial and lasting benefits for both asset owners and
alternative asset managers.
For media inquiries:
Prosek Partners
Pro-wafra@prosek.com
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SOURCE Wafra