# Emigrant Capital

Emigrant Capital is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** www.emigrantcapital.com
- **LinkedIn:** https://www.linkedin.com/company/emigrant-bank

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Industrial Tech
- Business Services
- Consumer Lifestyle
- PropTech
- FinTech

## People

- Howard P. Milstein — Chairman and CEO
- Chris Staudt — President
- Bill Staudt — Vice Chairman
- Rafael Romero — Managing Director

## 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.

### 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.

### 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.

## Related profiles

- [EMH Partners](https://altss.com/profile/emh-partners)
- [Emilia Capital](https://altss.com/profile/emilia-capital)

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Last updated: 2026-07-06T00:33:09.055Z

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