Capital Constellation, an investment platform managed by Wafra Inc. (“Wafra”), today announced the completion of a strategic partnership with Gallatin Point Capital LLC (“Gallatin”), a private investment firm focused on structured investments in financial institutions, services, and related assets.
Gallatin was founded in 2017 by Matthew Botein and Lee Sachs. Previously, Mr. Botein served as Chief Investment Officer for Alternatives and Co-Head of BlackRock Alternative Investors, while Mr. Sachs led multiple asset management businesses and served as Head of the Financial Crisis Response team under President Obama during the Global Financial Crisis.
Based in Greenwich, Connecticut, Gallatin manages approximately $6 billion in assets on behalf of a global investor base. The firm employs a flexible approach, investing across the capital structure and throughout the lifecycle of financial services businesses. The investment from Constellation Generation V provides Gallatin with long-term strategic capital backed by leading institutional investors, including primary commitments to its investment vehicles as well as capital to support its balance sheet. Gallatin will continue to operate independently, with no changes to its day-to-day management or investment processes.
“This partnership is a strong endorsement of the platform we have built and provides resources to continue investing in our team and capabilities,” said Matthew Botein, Co-Founder and Managing Partner of Gallatin. Lee Sachs, Co-Founder and Managing Partner, added: “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.”
Adel Alderbas, Chief Investment Officer of Wafra, said: “Gallatin has built an impressive franchise defined by sector expertise, flexibility, and disciplined execution. We have high conviction in the platform and its leadership.” Jordan Siskin, Managing Director and Co-Head of Strategic Partnerships at Wafra, added: “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. We are excited to partner with Matt, Lee, and their team as they continue to scale their firm.”
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.
