NEW YORK, July 22, 2021 /PRNewswire/ — New York Non-public Financial institution & Belief, by way of its subsidiary Emigrant Companions, is happy to announce that it has made a minority funding in Gerber | Taylor Capital Advisors LP (“Gerber Taylor“), a multi-asset class funding administration and advisory agency that oversees roughly $6.3 billion in property beneath administration and $7.5 billion in property beneath advisement, for an undisclosed quantity.
The transaction will assist succession planning among the many companions of Gerber Taylor and safe an unbiased future for the corporate. The partnership additionally supplies Gerber Taylor with entry to the assets and companies of the most important privately held, household owned and operated financial institution within the nation.
“We’re past thrilled to welcome Gerber Taylor to the Emigrant Companions household. Gerber Taylor’s spectacular administration crew has constructed and scaled a complicated funding providing that’s second to none within the business,” mentioned Karl Heckenberg, President and CEO of Emigrant Companions. “We stay up for collaborating with the agency on their strategic goals and supporting their continued progress.”
Charles Gerber, Co-Founder and CEO of Gerber Taylor, mentioned, “We’re really excited and honored to affiliate with Karl and Emigrant Companions, as we’ll considerably profit from their capital assist, world community and huge assets. The partnership will allow us to assist our shopper mission and perpetuate a multi-generational agency for a few years to come back.”
Gerber Taylor’s President, Michael Douglass, added, “The partnership with Emigrant checks a whole lot of our bins, none extra necessary than our objective to stay unbiased and to proceed as a sustainable, multi-generational agency.”
Gerber Taylor was represented by the Asset & Wealth Administration Funding Banking group of Raymond James. WilmerHale served as Gerber Taylor’s authorized counsel. Seward & Kissel served as Emigrant Companions’ authorized counsel.
Gerber | Taylor Capital Advisors LP
Based in 1990, Gerber Taylor is a registered funding advisor offering complete funding administration and funding advisory companies with a heritage deeply rooted in basic funding analysis. With roughly $6.3 billion in property beneath administration and $7.5 billion in property beneath advisement, Gerber Taylor’s refined providing spans a large funding universe together with public equities, personal fairness, hedge fund methods, actual property, and focused opportunistic methods. Gerber Taylor works with a nationwide shopper base of people, household places of work, endowments/foundations and retirement plans with places of work in Memphis, TN (HQ); Charlottesville, VA and Dallas, TX.www.gerbertaylor.com
Emigrant Companions, LLC
Emigrant makes non-voting minority investments into wealth, asset and different asset administration companies to assist them obtain their targets. Emigrant and its affiliate Fiduciary Community are at present partnered with 19 companies overseeing roughly $78 billion in mixture AUM and AUA. Emigrant is wholly owned by New York Non-public Financial institution & Belief and is headquartered in New York Metropolis. www.emigrantpartners.com
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SOURCE Emigrant Companions