Private Equity – Minority Stake Investment by Emigrant Partners in Parallel Advisers, LLC

Seward & Kissel represented Emigrant Partners in connection with its minority stake investment in Parallel Advisors, LLC.

Parallel Advisors is a financial planning and investment management firm, with approximately $3 billion of assets under management, operating from offices in San Francisco, Dayton, Denver, Honolulu and Oklahoma City. New York-based Emigrant Partners makes non-voting minority investments in wealth, asset and alternative asset management firms, and together with its affiliate Fiduciary Network is currently partnered with 17 firms overseeing more than $50 billion in aggregate AUM and AUA. Its affiliate Emigrant Bank is the largest privately-held, family-owned and operated bank in America.