# Galliard Capital Management

Galliard Capital Management is a null based in Minneapolis, United States.

## Overview

- **Organization type:** null
- **Headquarters:** Minneapolis, United States
- **Region:** North America
- **Address:** Minneapolis, MN, United States
- **Founded:** 1995
- **Assets under management:** $250B (per Galliard's public disclosures, 2025)
- **Website:** galliardcapital.com
- **LinkedIn:** https://www.linkedin.com/company/galliard-capital-management

## Regulatory record

- **CRD number:** 106487
- **SEC file number:** 801-49780
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-03-20T00:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/106487

## About

GALLIARD CAPITAL MANAGEMENT is an SEC-registered investment adviser in MINNEAPOLIS, MN, registered since 1995. The firm manages $80.3 billion in assets, $79.2 billion on a discretionary basis. It has 89 employees and 20 investment advisers.

## Sectors

- Fixed Income
- Real Assets
- Treasury Management
- Private Credit
- Infrastructure

## People

- Thomas J. Frank — CEO
- David W. Faerber — President
- Adrian E. Cronin — CIO

## Questions

### Who runs the investment decisions at Galliard Capital Management?

Adrian Cronin serves as Chief Investment Officer, responsible for fixed-income and real-asset strategies across Galliard's separate accounts and funds. The investment committee includes CEO Thomas Frank and President David Faerber, who set overall firm strategy.

### Is Galliard Capital Management structured as an independent firm or a unit of Allspring Global Investments?

Galliard operates as an autonomous subsidiary of Allspring. It maintains a separate investment committee, trading desk, and brand identity while using Allspring's distribution, compliance, and operations.

### What asset classes does Galliard typically invest in?

Galliard's core focus is fixed-income: investment-grade credit, high-yield bonds, emerging-market debt, and securitized products. It also manages real assets including infrastructure private credit and treasury mandates for institutional clients. It does not manage hedge funds or direct private equity.

### How many professionals work at Galliard, and where are they located?

The firm has roughly 75 employees, all based in its Minneapolis headquarters. Galliard has not opened any additional offices.

### Which sectors does Galliard explicitly avoid?

Galliard does not invest in direct private equity, venture capital, or hedge funds. Its mandates focus on fixed-income, real assets, and cash management.

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Last updated: 2026-06-03T20:00:00.000Z

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