Emigrant Capital

Emigrant Capital is the private investment division of Emigrant Bank, the largest family-owned and operated bank in the United States. The firm operates as a private equity investment firm, providing long-term equity and related capital to established middle-market businesses. Emigrant Capital distinguishes itself through its patient capital approach, investing directly from the bank's balance sheet without being constrained by typical fund timelines and fundraising cycles. This allows them to focus on companies' long-term goals and growth, rather than short-term exits.

The firm's history is deeply intertwined with Emigrant Bank and the Milstein family. Emigrant Bank was established in 1850 and has a long-standing reputation as a trusted New York City institution. Emigrant Capital was founded in 1999, building upon the multi-generational family business values of honest communication and fair dealing. The firm is led by Howard P. Milstein and the Milstein family, who are recognized for their extensive investment experience across various sectors including real estate, banking, manufacturing, and technology.

Emigrant Capital invests between $5 million and $30 million in businesses generating between $2 million and $15 million in EBITDA, with revenues ranging from $10 million to $100 million. They offer flexible investment structures, including non-control and majority investments, and can provide capital in the form of debt, equity, and hybrid securities. The firm focuses on growth, taking a conservative approach to third-party debt to allow management teams to concentrate on operational and expansion objectives.

Notable active and past partner companies include Primetime Healthcare, Shipsigma, Medterra, RYZE, Boylan, BJG Electronics Group, and East West. The team at Emigrant Capital includes experienced professionals such as Chris Staudt, President, and Bill Staudt, Vice Chairman, both of whom joined the firm in 2007. Rafael Romero serves as a key contact for investment opportunities. The firm actively seeks partnerships with top-tier entrepreneurs, experienced operators, advisors, and independent sponsors.