Galliard Capital Management

Name

Galliard Capital Management

Legal name

Galliard Capital Management, LLC

Website

https://galliard.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Fixed Income Investment Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

Keywords

• Fixed income management
• Stable value investment
• Institutional asset management
• Collective investment trusts
• Fixed income strategies

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Investment Management Fees: Galliard charges investment management fees based on assets under management. Maximum fee of 0.25% for most accounts, with separate account fees of 0.20% (current maximum). Historical fees ranged from 0.35% (April 2017 to June 2020) and 0.40% (prior to April 2017).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Galliard Capital Management is an institutional investment management firm that delivers fixed income and stable value solutions through Separate Accounts, Collective Investment Trusts (CITs), and managed ETF products. Product families include the Galliard Stable Return Fund and Galliard Managed Income Fund (stable value CITs), customized Stable Value Separate Accounts, and eight fixed income composites ranging from Short Core to Broad Market Enhanced Core plus specialized Agency MBS and ABS strategies. All offerings are managed by a single, long-tenured Minneapolis investment team and are intended exclusively for institutional investors (corporations, public entities, Taft-Hartley plans, healthcare, insurance reserves, and foundations/endowments).

Product overview

Galliard Capital Management operates as a specialized fixed income and stable value investment management firm for institutional investors. The company offers two primary product lines: (1) Stable Value Solutions including the Galliard Stable Return Fund (with 17 share classes), Galliard Managed Income Fund (multi-manager stable value CIT), and Stable Value Separate Account Composites for customized client solutions; and (2) Fixed Income Strategies encompassing 8 distinct composite strategies ranging from Short Core to Broad Market Core, plus enhanced core and specialized strategies in Agency MBS and Asset Backed Securities. In 2024, Galliard also expanded into the ETF space with the Allspring Broad Market Core ETF (AFIX). All strategies share a common investment philosophy focused on generating income while seeking safety of principal through high-quality fixed income investments managed by a single, long-tenured team in Minneapolis.

Differentiator

Problem solved

Functional benefit

Products and services

• Galliard Stable Return Fund A stable value collective investment trust (CIT) fund offering multiple share classes (C, E, F, J, M, N, Q, U, W, X, PN, PN15, PN25, PN35, PN60, PNTR, PI) that provides book value withdrawal features and competitive returns for retirement plan participants. Designed for institutional plan sponsors including corporations, Taft-Hartley plans, healthcare, and public entities.
• Galliard Managed Income Fund A multi-manager stable value collective investment trust fund designed to provide stable income and capital preservation through a diversified portfolio of investment contracts and high-quality fixed income securities. For institutional plan sponsors seeking book value withdrawal features through a multi-manager structure.
• Stable Value Separate Account Composite Customized stable value investment solutions managed for institutional clients, offering tailored portfolio structures to meet unique investment objectives and plan design requirements. Maximum investment management fee of 0.20% for separate account stable value.
• Short Core Composite A fixed income strategy focusing on short-duration securities with the objective of generating income while seeking safety of principal through investment in short-term government and corporate bonds. For institutional investors seeking low-duration exposure.
• Short Intermediate Core Composite A fixed income strategy targeting short-to-intermediate maturities, combining government and corporate securities to balance income generation with duration management. For institutional investors with conservative duration targets.
• Intermediate Government/Credit Composite A fixed income strategy combining government and investment-grade corporate securities with intermediate maturities, designed to generate competitive risk-adjusted returns for institutional investors.
• Intermediate Aggregate Composite A fixed income strategy that mirrors the Bloomberg Intermediate Aggregate Index, providing broad market exposure through diversified government, corporate, and structured securities for institutional investors.
• Broad Market Core Composite A core fixed income strategy offering broad market exposure across the entire yield curve, including government, corporate, and structured securities to generate income and provide portfolio diversification for institutional investors.
• Broad Market Enhanced Core Composite An enhanced core fixed income strategy that applies active management within a broadly diversified portfolio to potentially outperform the broad market benchmark. For institutional investors seeking excess return versus a core benchmark.
• Agency MBS Custom Composite A specialized fixed income strategy focusing on agency mortgage-backed securities, offering exposure to government-sponsored enterprise mortgage products for institutional investors seeking structured MBS exposure.
• Asset Backed Securities Composite A fixed income strategy investing in asset-backed securities including auto loans, credit card receivables, student loans, and other structured credit products. For institutional investors seeking structured credit exposure.
• Allspring Broad Market Core ETF (AFIX) An exchange-traded fund launched in 2024 and managed by Galliard, providing retail and institutional investors access to Galliard's broad market core fixed income strategy. Distributed through the Allspring ETF platform.

Quantifiable outcome

• 97% of rolling 5-year periods have outperformed primary benchmarks (as of March 31, 2026)
• +2 more outcomes

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• SEI Trust CompanycoreStrategic or Co-development PartnerSEI Trust Company serves as Trustee of the Galliard Collective Investment Trust. The Trustee maintains ultimate fiduciary authority over management and investments made in the funds. SEI is organized under laws of Commonwealth of Pennsylvania and is wholly owned by SEI Investments Company.
• Allspring Global InvestmentscoreChannel Partner/ Reseller/ DistributorAllspring Global Investments distributes Galliard products through its Collective Investment Trust platform and ETF products including the Allspring Broad Market Core ETF (AFIX) managed by Galliard.
• Stable Value Investment Association (SVIA)minorStrategic or Co-development PartnerGalliard leadership actively participates in SVIA. Nick Gage served as Board Chair from 2020 to 2023 and currently serves as ex-officio advisor in 2024. Jordan Bewley participates on the Data and Research Committee.

Scale indicators6 records

Recent moves11 records

Expansion highlights3 records

Direct peers

• Western Asset Management: Western Asset Management is one of the largest active fixed income managers globally, focused exclusively on fixed income strategies for institutional clients. It is a direct peer to Galliard in institutional core, intermediate, and structured fixed income mandates.
• DoubleLine Capital: DoubleLine Capital is an independent active fixed income manager serving institutional and intermediary clients, with deep expertise in securitized products (CMBS, ABS, MBS) and multi-sector fixed income strategies — directly comparable to Galliard's core/structured fixed income offerings.
• MetLife Investment Management: MetLife Investment Management operates one of the largest institutional fixed income and stable value businesses, particularly in retirement plan segments. It directly competes with Galliard in stable value separate accounts and CITs, and has comparable insurance reserve client overlap.
• PGIM Fixed Income (Prudential): PGIM Fixed Income is a top-tier global active fixed income manager within Prudential, serving institutional clients with core, multi-sector, and structured strategies. It is a direct peer to Galliard in institutional fixed income mandates, though with materially greater AUM scale.
• TCW Group: TCW Group is an active fixed income and credit manager serving institutional clients, with comparable expertise in structured products and multi-sector core strategies. It is a direct peer to Galliard in the institutional fixed income market.
• Lord Abbett: Lord Abbett is a privately held active asset manager with significant institutional fixed income capabilities spanning core, multi-sector, and securitized strategies. It competes with Galliard for institutional fixed income mandates and retirement plan relationships.
• New York Life Investments (MainStay): New York Life Investments operates a substantial institutional fixed income business including index-based and active strategies, with retirement plan focus. It is a direct peer to Galliard in institutional fixed income, including stable value-adjacent products.

Broad incumbents

• Invesco Investment Management (Fixed Income): Invesco is a large global asset manager with a sizable institutional fixed income and stable value business. It competes with Galliard in stable value CITs and core/intermediate fixed income, but as part of a much broader multi-asset platform.
• PIMCO: PIMCO is the world's largest dedicated active fixed income manager with institutional, retirement, and ETF channels. It competes broadly with Galliard across institutional core fixed income but operates a much larger and more diversified fixed income platform.
• J.P. Morgan Asset Management Fixed Income: J.P. Morgan Asset Management operates one of the largest global fixed income franchises, with active core, securitized, and stable value strategies competing for institutional and retirement plan mandates. It overlaps with Galliard in core fixed income and stable value but is part of a much broader multi-asset platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/galliard-capital-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Galliard Capital Management