Capital Constellation, an investment platform managed by Wafra, has completed a strategic partnership with Gallatin Point Capital LLC, 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, Botein served as chief investment officer for alternatives and co-head of BlackRock Alternative Investors, while 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 $6bn in assets on behalf of a global investor base. The firm invests across the capital structure and throughout the lifecycle of financial services businesses. The investment from Constellation Generation V is designed to provide Gallatin with long-term strategic capital backed by 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.
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.
