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Emigrant Capital
Emigrant Capital was established in 1999 as the private equity arm of Emigrant Bank. Howard P. Milstein and the Milstein family oversee the vehicle.
Emigrant Capital
Emigrant Capital was established in 1999 as the private equity arm of Emigrant Bank. Howard P. Milstein and the Milstein family oversee the vehicle. Their wealth stems from New York real estate holdings and the bank's operations since 1850. The firm deploys capital across private equity, private credit and direct co-investments. It targets buyout and growth stages in industrial technology, business services and consumer lifestyle sectors. Investments range from $5 million to $30 million and include both control and non-control positions. Geographic reach covers North America, Asia, South America and Oceania. Confirmed holdings and partnerships include positions tied to Nicklaus Companies and Galatioto Sports Partners. The team consists of named investment professionals including Chris Staudt as President and Rafael Romero as Managing Director. Additional offices are not disclosed. Emigrant Capital maintains affiliations with the Howard and Abby Milstein Foundation and the Milstein Medical Asian American Partnership Foundation. No operational events from the last 24 months appear in available records. Emigrant Capital operates as the direct investment arm of a family-controlled bank rather than a standalone fund manager. This structure allows permanent capital deployment without fundraising timelines or external LP reporting requirements. The bank ownership also supplies integrated credit and operational support to portfolio companies.
General information
Firm type
Generalist
Year founded
1999
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Howard P. Milstein
Chairman and CEO
Chris Staudt
President
Bill Staudt
Vice Chairman
Rafael Romero
Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at Emigrant Capital?
Howard P. Milstein serves as Chairman and CEO. Chris Staudt acts as President and leads day-to-day investment activity alongside Bill Staudt as Vice Chairman.
Does Emigrant Capital participate in fund commitments or only direct deals?
The firm makes direct investments from the Emigrant Bank balance sheet. It structures transactions as equity, debt or hybrid securities without committing to external funds.
What investment stages does Emigrant Capital typically target?
Emigrant Capital focuses on buyout and growth equity opportunities. It invests in companies generating $2 million to $15 million in EBITDA.
Where does the underlying wealth come from?
The capital originates from the Milstein family's New York real estate development activities and ownership of Emigrant Bank since 1850.
How does Emigrant Capital source proprietary deal flow?
The firm draws on longstanding relationships through Emigrant Bank and Milstein Properties. It also works with independent sponsors and management teams in targeted sectors.
Does Emigrant Capital maintain philanthropic structures, and how are they separated?
The Milstein family operates the Howard and Abby Milstein Foundation and the Milstein Medical Asian American Partnership Foundation as separate entities from the investment activities.
What is Emigrant Capital's known posture on co-investments alongside external GPs?
The firm executes direct co-investments and SPVs. It also partners with operators such as Jack Nicklaus and Sal Galatioto on specific platforms.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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