Gallatin Point Capital LLC a private investment firm that focuses on structured investments in financial institutions including re/insurance, services, and related assets, has formed a strategic partnership with Capital Constellation, an investment platform managed by Wafra Inc.
It’s also been confirmed that Gallatin will continue to operate independently, with no changes set to be made to its day-to-day management or investment processes.
Gallatin Point has made numerous investments into insurance and reinsurance companies, re/insurance distribution plays such as MGA/MGU’s, reinsurance sidecars and insurtechs.
The company even sponsored a catastrophe bond in 2024, the $150 million Marlon Ltd. (Series 2024-1) issuance to protect some of the catastrophe exposure of its re/insurance investments.
In that same year, the firm also made a US $1.25 billion investment into the American Family Insurance Group owned reciprocal insurer Trusted Resource Underwriters Exchange (TRUE), with a target to write catastrophe exposed property insurance in Florida and beyond.
Based in Greenwich, Connecticut, Gallatin manages approximately $6 billion in assets on behalf of a global investor base.
The organisation also employs a flexible approach, investing across the capital structure and throughout the lifecycle of financial services businesses.
Gallatin Point Capital was founded in 2017 by industry veterans Matthew Botein and Lee Sachs.
Previously, Botein served as Chief Investment Officer for Alternatives and Co-Head of BlackRock Alternative Investors, whereas Sachs managed multiple asset management businesses and served as Head of the Financial Crisis Response team under President Obama during the Global Financial Crisis.
Matthew Botein, Co-Founder and Managing Partner of Gallatin, commented: “This partnership is a strong endorsement of the platform we have built and provides resources to continue investing in our team and capabilities.”
Lee Sachs, Co-Founder and Managing Partner, said: “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, added: “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, noted: “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 on the partnership, while Ardea Partners LP served as financial advisor and Goodwin Procter LLP served as legal advisor to Gallatin.
