On January 4, 2021, press reports disclosed that Seward & Kissel client, Emigrant Partners, LLC made a minority investment in Ulrich Investment Consultants.
Pursuant to the terms of the transaction, Emigrant Partners, LLC (“Emigrant”) acquired a minority stake in Ulrich Investment Consultants (“Ulrich”). Terms of the deal were not disclosed.
Ulrich, based in New Mexico, is a wealth manager that offers services to high net worth and family office, institutional and sovereign tribe clients. It has $1.7 billion in assets under management. Republic Capital Group served as investment banker to Ulrich on the transaction.
Emigrant is a New York based capital advisory services partner that specializes in non-voting, minority investments in wealth and asset managers. Emigrant is currently partnered with 19 firms with around $65 billion in aggregate assets under advisement and assets under management.
To read the press release: please click here.