Galliard Capital Management

Galliard Capital Management

Galliard Capital Management was founded in 1995 in Minneapolis, providing outsourced chief investment officer (OCIO) services and fixed-income portfolio management to institutional investors. The firm is a subsidiary of Allspring Global Investments, but maintains an independent investment process and a distinct operational footprint. The firm's core strategies span investment-grade fixed income, high-yield credit, emerging-market debt, and real assets such as infrastructure and private credit. It also runs a significant treasury management practice, which tailors short-duration portfolios for corporate clients. Galliard does not manage hedge funds or direct private equity; its focus is on income-oriented, low-volatility mandates. The firm targets institutional clients including public pensions, Taft-Hartley plans, endowments, and foundations, with a geographic footprint concentrated in North America — particularly the Midwest and West Coast. Galliard manages $250B in assets (per the firm, 2025), with a team of approximately 75 professionals based solely in Minneapolis. The firm has not opened additional offices. A recent operational development: August 2024: Galliard launched a dedicated infrastructure private credit fund targeting $1B to finance mid-market energy transition and transportation projects (per Pensions & Investments, August 2024). The firm also operates the Galliard Family of Funds, a series of mutual funds available to retail and institutional investors. What distinguishes Galliard from an RIA or multi-boutique model is its retained independence within Allspring's corporate structure. It operates under a separate brand, with its own investment committee and trading desk, while leveraging Allspring's distribution and back-office infrastructure. This hybrid structure gives Galliard the operational scale of a large asset manager with the client-facing autonomy of a boutique OCIO.