Capital Constellation, an investment platform managed by Wafra, has completed a strategic partnership with Gallatin Point Capital, a private investment firm focused on structured investments in financial institutions, financial services, and related assets.
Founded in 2017 by Matthew Botein and Lee Sachs, Gallatin has built a platform centered on opportunistic investments across the capital structure and throughout the lifecycle of financial services businesses. Botein previously served as Chief Investment Officer for Alternatives and Co-Head of BlackRock Alternative Investors, while Sachs led multiple asset management businesses and headed the Financial Crisis Response team under President Obama during the Global Financial Crisis.
Headquartered in Greenwich, Connecticut, Gallatin manages approximately $6 billion in assets on behalf of a global investor base. The firm employs a flexible investment approach and partners closely with management teams and investors to align long-term strategic capital with experienced leadership.
The investment from Capital Constellation’s Generation V vehicle provides Gallatin with long-term strategic capital supported by leading institutional investors. The partnership includes primary commitments to Gallatin’s 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.
Sidley Austin LLP served as legal advisor to Wafra. Ardea Partners LP acted as financial advisor to Gallatin, and Goodwin Procter LLP served as its legal advisor.
Gallatin focuses on opportunistic investments in financial institutions and related assets, seeking to generate long-term value for stakeholders. Wafra manages approximately $29 billion in assets under management across alternative investment strategies, including strategic partnerships, real assets and infrastructure, and real estate. Through Capital Constellation, Wafra partners with select institutional asset owners to launch and accelerate the next generation of alternative asset management firms.
KEY QUOTES
“This partnership is a strong endorsement of the platform we have built and provides resources to continue investing in our team and capabilities. 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.”
Matthew Botein, Co-Founder and Managing Partner, Gallatin Point Capital; Lee Sachs, Co-Founder and Managing Partner, Gallatin Point Capital
“Gallatin has built an impressive franchise defined by sector expertise, flexibility, and disciplined execution. We have high conviction in the platform and its leadership. 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.”
Adel Alderbas, Chief Investment Officer, Wafra; Jordan Siskin, Managing Director and Co-Head of Strategic Partnerships, Wafra
