Constellation Wealth Capital

Karl Heckenberg chairs the investment committee as President and Managing Partner. Pat McCurdy serves as Head of Investments, concentrating on sourcing, evaluating, and executing deals. Lisa Crafford, Head of Advisory, and Greg Hall, Head of Investor Solutions, also sit on the committee. The group draws on deep experience from Emigrant Partners, BNY Mellon | Pershing, and Casey Quirk – Deloitte.

CWC does not disclose a formal proprietary sourcing channel, but the leadership team's prior roles at Emigrant Partners and BNY Mellon | Pershing provide extensive networks across the RIA and wealth management industry. The advisory practice itself acts as a prospecting funnel by building relationships with firms before investment conversations begin.

The firm makes tailored minority investments, allowing founding partners to retain operational control and economic upside. The firm's website does not specify a target percentage range. This structure is paired with a long-duration hold period designed to let compounding and institutionalization play out over time.

The firm invests exclusively in wealth management platforms — registered investment advisors and advisory firms. The in-house consulting team also works to diversify portfolio firms' investment menus, including increasing access to private capital alternatives, but CWC itself does not invest outside the wealth management vertical.

CWC's stated model is direct equity investment in operating wealth management firms. There is no public disclosure of fund-of-funds or LP commitments. The advisory team may help portfolio firms evaluate external fund vehicles for their own client offerings, but this is separate from CWC's balance-sheet deployment.