Emigrant Partners Acquires Minority Interest in Parallel Advisors


May 11, 2020

On May 4, 2020, Seward & Kissel client Emigrant Partners, LLC announced that it had made a minority investment in Parallel Advisors, LLC.

Pursuant to the terms of the transaction, Emigrant Partners, LLC (“Emigrant”) was issued a minority stake in Parallel Advisors, LLC (“Parallel Advisors”). Terms of the deal were not disclosed. A Seward & Kissel team led by partners Jim Abbott and James Cofer, counsel Robert Wood and associate Diane Lee represented Emigrant in connection with the transaction.

Parallel Advisors is a financial planning and investment firm based in San Francisco, servicing high net worth individuals and pension/ profit sharing plans. It has approximately $3 billion in assets under management.

Emigrant is New York based capital advisory services partner that specializes in making non-voting, minority investments into wealth and asset managers. It and an affiliate are currently partnered with 16 firms that oversee more than $50 billion in assets under management and assets under advisement.

To read the press release: please click here.