Founded in 1998 by Clifford Friedman, Constellation Growth Capital has raised over $650 million across three funds. They have made investments in companies such as Hibernia Networks, ideeli, Dahlia Italy, MediaXstream, OnePhone, Savvis Communications, K12, and Origin Digital. Constellation Growth Capital joined Highbridge Capital Management in 2009, bringing their investments and capital raised into Highbridge's assets managed. They are advised by Wafra and have a joint investment venture spanning Europe, North America, and the Middle East. Constellation Generation IV, a buyout fund managed by Capital Constellation, is based in New York.