Emigrant Partners Acquires Minority Interest in Verdence Capital

INVESTMENT MANAGEMENT DEALS BLOG

July 26, 2021

On July 21, 2021, Verdence Capital Advisors, LLC announced that it had received a minority investment from Seward & Kissel client Emigrant Partners, LLC.

Pursuant to the terms of the transaction, Emigrant Partners, LLC (“Emigrant”) acquired a minority stake in Verdence Capital Advisors, LLC (“Verdence”). Terms of the deal were not disclosed.

Verdence, based in Baltimore, is an independent registered investment advisor focusing on family office, wealth management, financial planning and business exit strategy for entrepreneurs and business owners. Verdence has approximately $3 billion in assets under management.

Emigrant is a New York-based capital advisory services partner that specializes in non-voting, minority investments in wealth and asset managers. Emigrant and its affiliate Fiduciary Network are currently partnered with 18 firms with approximately $76 billion in aggregate assets under advisement and assets under management.

To read the press release: please click here.