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Gallatin closes fund II above target at $1.6bn

Gallatin Point Capital has closed its second fund Gallatin Point Capital Partners II with $1.6 billion in capital commitments split between the fund and associated separately managed accounts, exceeding the initial target of $1.5 billion. 

Gallatin says the fund received strong support from existing LPs and has further diversified its investor base with capital from new institutional investors in the US, Europe and the Middle East, including sovereign wealth and public pension funds, foundations, endowments, and family offices. 

Atlantic-Pacific Capital served as global placement agent.

Gallatin Point Capital (Gallatin) is a financial services-oriented private investment firm founded by Matt Botein and Lee Sachs in 2017. 

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