What Emigrant announced
Emigrant Partners said on November 9 that it had realized its investment in Elevation Point following a recapitalization by Merchant. The transaction provides full liquidity for Emigrant’s investment, according to the announcement. Financial terms were not disclosed.
The release describes a completed transaction; November 9 is the announcement date, rather than a separately specified closing date.
What the $18 billion figure means
Emigrant says Elevation Point’s assets under supervision increased from $3.2 billion when it invested in May 2025 to $18 billion following the latest team partnership. That company-reported operating measure is distinct from the transaction value and does not establish Emigrant’s investment return.
Some services continue
Emigrant Family Office will continue providing ancillary services. Elevation Point’s website identifies the parent as a holding company, with investment advice provided through SEC-registered affiliates.
The announcement does not specify new client fees, changed account terms or an action that every client must take. Clients seeking account-specific information should use their own advisory firm’s official contact channel.
