Capital Constellation and Gallatin Point Capital Form Key Strategic Alliance

In a significant move for the investment landscape, Capital Constellation, an investment platform orchestrated by Wafra Inc., has announced a strategic partnership with Gallatin Point Capital LLC. This collaboration aims to enhance investment capacities within the financial services sector. Founding members of Gallatin, Matthew Botein and Lee Sachs, bring a wealth of expertise, with noteworthy backgrounds in serving high-level financial firms and navigating critical economic crises.

Gallatin Point Capital, established in 2017 and based in Greenwich, Connecticut, has successfully managed approximately $6 billion in assets globally. The firm strategically invests in financial institutions and services, taking a flexible approach throughout the lifecycle of these businesses. This partnership, supported by the latest investment from Constellation Generation V, will provide Gallatin with essential long-term capital to reinforce its balance sheet and investment vehicles, while maintaining its operational independence.

Matthew Botein, Co-Founder and Managing Partner at Gallatin, expressed his enthusiasm about this partnership, stating, _“This collaboration serves as a robust endorsement of the platform we have cultivated. It empowers us to invest further in our team's growth and capabilities.”_ Similarly, Lee Sachs underscored their deliberate choice of partners, emphasizing the alignment in strategic vision with Capital Constellation.

Adel Alderbas, Wafra's Chief Investment Officer, praised Gallatin’s accountable management and sector expertise, reflecting confidence in their strategic vision. This newfound alliance is anticipated to foster growth, with Capital Constellation structured to support distinguished investment firms. Jordan Siskin, Managing Director at Wafra, articulated excitement about partnering with Gallatin as they progress in scaling their operations.

To ensure the legitimacy and seamless execution of this partnership, Sidley Austin LLP provided legal guidance to Wafra, while Ardea Partners LP served as financial advisor to Gallatin, with Goodwin Procter LLP also assisting in legal advisement.

About the Firms

Gallatin Point Capital

Gallatin Point Capital LLC focuses on opportunistic investments within financial institutions and services, aspiring to align strategic capital with seasoned management for increased stakeholder value. More details about their operations can be found at gallatinpoint.com.

Wafra

Wafra manages around $29 billion in assets across various alternative investment strategies, including real estate and infrastructure. For over 40 years, Wafra has provided adaptable and enriching capital solutions while cultivating durable partnerships. More information is accessible at wafra.com.

Capital Constellation

Under Wafra’s advisory, Capital Constellation aims at launching and accelerating upcoming alternative asset management firms through a collaborative investment program. Their mission is to enhance partnerships with talented investment teams, ensuring substantial and sustained benefits for both asset holders and managers.

As this strategic partnership unfolds, the industry watches closely for the potential innovations and growth that both firms will drive in the financial services sector.