On September 17, 2024, Merchant Investment Management announced that it had made a minority investment in Republic Capital Group.
Merchant Investment Management (“Merchant”) announced, on September 17, 2024, that it had made a minority investment in Republic Capital Group (“Republic”). Merchant’s investment is non-controlling, and the investment will be used to support and build the independent wealth and asset management services branches of Republic. Further terms of the deal were not disclosed.
Merchant, based in New York, is a private partnership providing growth capital, management resources, strategic opportunities and direction to independent financial services companies, particularly those focused on wealth and asset management. As of September 2024, Merchant had $180 billion in assets under advisement.
Republic Capital, based in New York, is an investment advisory firm providing investment banking services to the wealth and asset management industry and their clients.
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