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Emigrant By Jim Henderson - Own work, Public Domain

Emigrant Strikes Again, Invests in $13B AUM Firm

Within days of taking a minority stake in Verdence Capital Advisors, Emigrant announced its second deal this week, this time with Gerber|Taylor Capital Advisors.

Emigrant Partners’ CEO and president, Karl Heckenberg, didn’t mince words when he said Emigrant was bringing in $20 billion in total assets after selling two firms to CI Financial.

The private equity firm and New York Private Bank & Trust subsidiary that is headquartered in Midtown East in New York announced Thursday that it took a minority stake in Gerber|Taylor Capital Advisors, a multi-asset-class investment management and advisory firm.

Gerber|Taylor, based in Memphis, Tenn.,  with additional offices in Virginia and Texas, boasts $6.3 billion in assets under management and $7.5 billion in assets under advisement across individuals, family offices, endowments, foundations and retirement plans.

Financial details of the transaction were not disclosed.

Gerber|Taylor’s CEO and co-founder, Charles Gerber, said the deal helps the firm “support our client mission” and forge a multigenerational firm that involves succession planning and planning for the legacy of the firm.

“We will significantly benefit from their capital support, global network and vast resources,” said Gerber in a statement.

This transaction is Emigrant’s second investment made this week. Yesterday, the PE firm announced it had completed a minority investment in Verdence Capital Advisors, a registered investment advisory in Baltimore with $3 billion in AUM. Heckenberg said Emigrant has another investment coming sometime this year.

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