Clients
Galliard Capital Management serves 188 clients, 104 of them pension and profit-sharing plans. The average client has about $427 million with the firm.
- Pooled investment vehicles4 clients17%
- Pension and profit-sharing plans104 clients42%
- Charitable organizations15 clients4%
- State or municipal government entities47 clients33%
- OtherInvestment companies, Insurance companies, Corporations and other businesses, Other4%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 2 | $602,415,437 | 0.8% | $301.2M |
| Pooled investment vehicles | 4 | $13,545,690,915 | 16.9% | $3.39B |
| Pension and profit-sharing plans | 104 | $34,084,949,179 | 42.5% | $327.7M |
| Charitable organizations | 15 | $3,033,209,924 | 3.8% | $202.2M |
| State or municipal government entities | 47 | $26,539,780,344 | 33.1% | $564.7M |
| Insurance companies | 4 | $756,981,984 | 0.9% | $189.2M |
| Corporations and other businesses | 2 | $284,802,772 | 0.4% | $142.4M |
| Other | 10 | $1,418,373,158 | 1.8% | $141.8M |
| Total | 188 | $80,266,203,713 | 100% | $426.9M |
- Clients
- 2
- Regulatory AUM
- $602,415,437
- Share
- 0.8%
- Avg. per client
- $301.2M
- Clients
- 4
- Regulatory AUM
- $13,545,690,915
- Share
- 16.9%
- Avg. per client
- $3.39B
- Clients
- 104
- Regulatory AUM
- $34,084,949,179
- Share
- 42.5%
- Avg. per client
- $327.7M
- Clients
- 15
- Regulatory AUM
- $3,033,209,924
- Share
- 3.8%
- Avg. per client
- $202.2M
- Clients
- 47
- Regulatory AUM
- $26,539,780,344
- Share
- 33.1%
- Avg. per client
- $564.7M
- Clients
- 4
- Regulatory AUM
- $756,981,984
- Share
- 0.9%
- Avg. per client
- $189.2M
- Clients
- 2
- Regulatory AUM
- $284,802,772
- Share
- 0.4%
- Avg. per client
- $142.4M
- Clients
- 10
- Regulatory AUM
- $1,418,373,158
- Share
- 1.8%
- Avg. per client
- $141.8M
Total
- Clients
- 188
- Regulatory AUM
- $80,266,203,713
- Share
- 100%
- Avg. per client
- $426.9M
What it does
Galliard Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets and fixed fees.
Galliard Capital Management advises 3 private funds.
98.7% of assets ($79.19B across 260 accounts) are managed with discretion; $1.08B across 4 accounts are not. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Funds4%
- Bonds25%
- U.S. government and agency bonds15%
- Investment grade corporate bonds9%
- State and local bonds1%
- Cash2%
- Other69%
- Approximately 92% of these assets consist of stable value investment contracts. the remaining assets consist of asset backed securities and non-agency structured assets69%
Custodians
Galliard Capital Management’s client accounts are held mainly at The Bank of New York Mellon, N.A., with 57% of managed assets. Galliard Capital Management has custody of $429.8M for 5 clients.
- The Bank of New York Mellon, N.A.The Bank of New York Mellon, N.A. · Jersey City, NJ · $45.72B57%
- All other custodians$34.55B43%
Ownership and leadership
Allspring Global Investments Holdings, LLC owns 75% or more of Galliard Capital Management.
- Owns 75% or more of Galliard Capital Management, LLC
Allspring Global Investments Holdings, LLC
Control person · since November 2021
- Owns 75% or more of Allspring Global Investments Holdings, LLC
Allspring Buyer, LLC
Control person · since November 2021
- Owns 75% or more of Allspring Buyer, LLC
Allspring Intermediate II, LLC
Control person · since November 2021
- Owns 75% or more of Allspring Intermediate II, LLC
Allspring Intermediate I, LLC
Control person · since November 2021
- Owns 75% or more of Allspring Intermediate I, LLC
Allspring Group Holdings, LLC
Control person · since November 2021
- Owns 25% to 50% of Allspring Group Holdings, LLC
GTCR Fund Xiii/B LP
Control person · since November 2021
GTCR Partners Xiii/B LP
General partner · Control person · since July 2020
GTCR Investment Xiii LLC
General partner · Control person · since July 2020
Sallie Squire
Manager; chief operating officer · Control person · since November 2021
Annette Lege
Manager; chief financial officer · Control person · since August 2024
Catherine Burke
Manager; chief executive officer · Control person · since July 2025
Leadership
- Michael NormanPresident and Senior Managing Principal
- Amy StueveChief Compliance Officer
- Ajay MirzaSenior Managing Principal
- Sallie SquireChief Operations Officer
Staff
- 89 employees
- 20 in advisory functions
- 8 soliciting firms
Fees
Galliard Capital Management is paid through a percentage of assets under management and fixed fees (other than subscription fees).
Galliard Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Galliard Capital Management has 0 offices, with 1 listed address in 1 state.
Minnesota · 1 listed address
- 800 Lasalle Ave., Ste 1400, MinneapolisHQ
Registration details
- Legal name
- Galliard Capital Management, LLC
- Headquarters
- 800 Lasalle Ave., Ste 1400, Minneapolis, MN 55402-2054
- Phone
- 612-667-3220
- Website
- www.galliard.com
- SEC file
- 801-49780
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Galliard Capital Management have?
Galliard Capital Management has 188 clients and manages $80.3 billion for them, as of March 2026. They include 104 pension and profit-sharing plans, 47 state or municipal government entities and 15 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does Galliard Capital Management offer?
Galliard Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Galliard Capital Management use?
Galliard Capital Management’s separately managed account assets are held at The Bank of New York Mellon, N.A. (Jersey City, NJ), with $45,718,751,495. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026
How many financial advisors does Galliard Capital Management have?
Galliard Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 89 employees, and 20 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Galliard Capital Management invest in?
At the end of its last fiscal year, Galliard Capital Management’s separately managed accounts held 69% approximately 92% of these assets consist of stable value investment contracts. the remaining assets consist of asset backed securities and non-agency structured assets, 15% U.S. government and agency bonds, 9% investment grade corporate bonds, 4% pooled vehicles (private funds and similar), 2% cash and equivalents and 1% state and local bonds. It advises 3 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Galliard Capital Management?
Galliard Capital Management’s direct owner is Allspring Global Investments Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does Galliard Capital Management get paid?
Galliard Capital Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
