On January 23, 2025, Seward & Kissel client Emigrant Partners announced a strategic investment in Novare Capital Management.
Emigrant Partners, LLC (“Emigrant”) announced on January 23, 2025, that it made a minority strategic investment in Novare Capital Management (“Novare”). The deal closed on January 15, 2025. Further terms of the transaction were not disclosed.
Seward & Kissel client 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 20 firms with approximately $113 billion in aggregate assets under advisement.
Novare, based in Charlotte, North Carolina, is a registered investment advisor offering investment management and planning services. Novare has approximately $1.8 billion in assets under management. Colchester Partners served as Novare’s exclusive financial advisor on this transaction.
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