Capital Constellation, the investment platform managed by alternative asset manager Wafra Inc., has completed a strategic partnership with Gallatin Point Capital LLC, a private investment firm focused on structured investments across financial institutions and related assets.
Greenwich-based Gallatin manages approximately $6 billion in assets for a global investor base and invests across the capital structure throughout the lifecycle of financial services businesses. The investment from Constellation Generation V will provide Gallatin with long-term strategic capital, including primary commitments to its investment vehicles and capital to support its balance sheet. Gallatin will continue operating independently, with no changes to its management or investment process.
Gallatin was founded in 2017 by Matthew Botein, former CIO for alternatives and co-head of BlackRock Alternative Investors, and Lee Sachs, who led multiple asset management businesses and headed the U.S. financial crisis response team under President Obama during the Global Financial Crisis.
“We were intentional in selecting a partner with a deep understanding of our business, and we believe Capital Constellation’s aligned approach will enhance our ability to serve our investors,” said Sachs.
“Capital Constellation is purpose-built to support high-quality investment firms, and our experience investing in financial services platforms gives us an appreciation for Gallatin’s differentiated approach,” added Jordan Siskin, Managing Director and Co-Head of Strategic Partnerships at Wafra.
Sidley Austin LLP served as legal advisor to Wafra. Ardea Partners LP served as financial advisor and Goodwin Procter LLP served as legal advisor to Gallatin.
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