# Emigrant Partners

Emigrant Partners is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 22 Vanderbilt Ave, Suite 6B, New York, NY 10017, United States
- **Assets under management:** Undisclosed
- **Website:** emigrantpartners.com
- **LinkedIn:** https://www.linkedin.com/company/emigrant-partners

## Regulatory record

- **Reports private funds:** No

## About

Emigrant Partners goes beyond capital as strategic partners empowering entrepreneurs in wealth and asset management to scale, innovate, and lead. The firm crafts flexible, tax-efficient solutions for its partner firms across growth capital, M&A finance, founder liquidity, internal succession, and recruitment and retention. It is a cornerstone unit within Milstein Companies and describes itself as the earliest minority investor to the asset and wealth management industry.

## Sectors

- Wealth Management
- Asset Management
- Private Equity

## People

- Jenny Hourihan — CEO & President
- Liz Nesvold — Vice Chair of Emigrant Bank and Chair of Emigrant Partners
- Mark Bruno — Managing Director, Head of Strategic Advisory
- Jamie Kogan — General Counsel and Chief Operating Officer
- Karl Schneider — Director, Investments
- Ryan Daly — Director, Investments
- Kyle Gentile — Director of Research & Consulting
- Howard Milstein — Chairman and CEO of New York Private Bank & Trust and Milstein Properties
- Barry Friedberg — Co-Chairman of the Board of NYPB&T

## Questions

### Who runs investment decisions at Emigrant Partners?

CEO and President Jenny Hourihan sets the firm's strategic direction and oversees both new platform investments and sub-acquisitions for partner firms. The Investment Committee includes Chair Liz Nesvold, a 30-year veteran of RIA M&A who founded Silver Lane Advisors, alongside Emigrant Bank Co-Chairman Barry Friedberg and Milstein Companies Chairman Howard Milstein. Day-to-day deal execution is led by Directors Karl Schneider and Ryan Daly, who source and diligence new investments out of New York.

### Where does the underlying capital come from?

The capital base traces to the Milstein family's fourth-generation enterprise, which encompasses Milstein Properties, New York Private Bank & Trust, and a portfolio of operating businesses across real estate, banking, and specialty finance. Emigrant Partners is a unit within that ecosystem, drawing permanent capital that does not face the fundraising or exit-timeline constraints of a conventional fund manager.

### Does Emigrant Partners take majority or minority positions?

Emigrant Partners exclusively takes minority equity positions, positioning itself as a strategic partner rather than an acquirer. Its capital solutions are structured around specific events in a firm's lifecycle — organic growth acceleration, M&A financing, founder liquidity, internal succession, and advisor recruitment — with the operating firm's founders retaining control.

### How does Emigrant Partners support firms post-investment?

The firm fields a dedicated Strategic Advisory team, led by Managing Director Mark Bruno and Director of Research & Consulting Kyle Gentile. Their mandate spans organic growth strategy, human capital planning, efficiency consulting, and M&A origination for partner firms — extending well beyond passive capital provision. This advisory overlay is staffed by professionals with operating backgrounds at Focus Financial Partners and institutional asset managers.

### How is Emigrant Partners related to Emigrant Bank?

Emigrant Bank and Emigrant Partners operate as separate affiliates under the Milstein Companies umbrella. Liz Nesvold serves as Vice Chair of Emigrant Bank and Chair of Emigrant Partners, creating a governance link between the depository institution and the investment platform. Emigrant Bank's subsidiary trust companies — New York Private Trust, Sarasota Private Trust, and Cleveland Private Trust — provide fiduciary and wealth-management services that coexist alongside Emigrant Partners' minority-investment strategy.

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- [Emerging Markets Investment Advisers](https://altss.com/profile/emerging-markets-investment-advisers)
- [Emma Group](https://altss.com/profile/emma-group)

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Last updated: 2026-08-11T15:06:42.396Z

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