Emigrant Invests in F.L. Putnam


January 13, 2023

On December 19, 2022, Seward & Kissel client Emigrant Partners, LLC, announced a strategic minority investment in F.L. Putnam Investment Management Company.

Under the terms of the transaction, Emigrant Partners, LLC (“Emigrant”) acquired a minority interest in F.L. Putnam Investment Management Company (“F.L. Putnam”). Financial terms of the deal were not disclosed.

Emigrant, based in New York, is a capital advisory services partner specializing in non-voting, minority investments in wealth and asset managers. Emigrant is currently partnered with 18 firms with approximately $94 billion in aggregate assets under advisement.

Putnam, based in Wellesley, Massachusetts, is a registered investment management company with $6 billion in assets ($4.2 billion in assets under management and 1.8 billion in assets under management).

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