119th Street Capital

119th Street Capital is a private investment firm that exclusively focuses on investing in companies within the financial services sector. The firm partners with growth-oriented leaders to build exceptional businesses, leveraging its specialized sector knowledge and an extensive network of industry contacts. Their investment approach is characterized by purposeful timelines for capital return, anchored by multi-generational family capital, which allows for longer holding periods to support meaningful growth. They emphasize a partnership model with management teams, offering flexibility in ownership (majority or minority), investment timelines, use of leverage, and the stage of their partners.

The firm's roots in financial services trace back over 125 years and five generations to the Schrage family's founding of Centier Bank in 1895. Centier Bank remains closely held by the family, now boasting approximately $9 billion in assets and employing over 1,000 associates. This deep family legacy and entrepreneurial background inform 119th Street Capital's patient yet urgent approach to fostering growth in its partner companies. The firm was established in 2024, continuing this long-standing tradition of financial services expertise.

A notable investment by 119th Street Capital includes a strategic investment in Maridea Wealth Management, made alongside Pelican Capital, announced on April 30, 2025. Maridea Wealth Management, founded in 2023, is an independent wealth management firm offering financial planning, investment management, insurance, risk management, and retirement planning services, with approximately $470 million in assets under management. This investment aims to support Maridea's growth, expansion, and commitment to advisory services across the United States.

The investment team at 119th Street Capital includes key individuals such as Anthony Contrucci, who serves as Managing Partner and Chair of the Investment Committee. Other members of the investment committee and team bring diverse expertise to the firm's focused investment strategy within financial services. The firm's address is 600 East 84th Avenue, Merrillville, Indiana.