On April 30, 2025, 119th Street Capital announced its and Pelican Capital’s strategic investments in Maridea Wealth Management.
119th Street Capital (“119th Street”) announced, on April 30, 2025, its and Pelican Capital’s (“Pelican”) strategic investments in Maridea Wealth Management (“Maridea”). The existing team at Maridea will remain in place. Further terms of the deals were not disclosed.
119th Street, based in Merrillville, Indiana, is a private investment firm with an exclusive focus on investment in privately owned financial service firms.
Pelican, based in New York, is a financial and business services investment firm focused on influence-oriented and control investments in family offices.
Maridea, based in Brooklyn, is a registered investment advisor offering tax strategies, assets, and estate planning services. Maridea has approximately $470 million in assets under management.
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