Wafra Inc, the New York-headquartered alternative investment manager with an office in Bermuda, has announced a strategic investment in Triple Private Equity, a European private equity firm focused on small- to mid-cap software and data businesses.

The company said 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 specialises in taking control positions in software and data companies serving the finance, risk and compliance sectors.

Triple closed its initial investment in April, acquiring SmartSearch, a UK-based anti-money laundering software provider.

"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.