On August 5, 2025, Merchant Investment Management announced its minority stake investment in Sterling Trustees.
Merchant Investment Management (“Merchant”) announced on August 5, 2025, its minority stake investment in Sterling Trustees (“Sterling”). Sterling’s team will remain in place under the terms of this minority stake. Further terms of the transaction were not disclosed.
Merchant, based in New York, is an alternative asset management firm that also invests in and serves as a lender to registered investment advisors. Merchant manages approximately $230 billion in client assets.
Sterling, based in Sioux Falls, South Dakota, is a boutique independent trust company specializing in conflict-free trust administration for high-net-worth and ultra-high-net-worth families. Sterling administers over $11 billion in client assets.
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