Partnering to Create Wealth
Partnering to Create Wealth is a podcast from New York Private Bank & Trust, hosted by David Marcus. NYPB&T is the private-wealth division of Emigrant Bank which was founded in 1850 and is one of the oldest and largest privately held banks in the United States.
The series explores how entrepreneurs, investors, and family offices build and sustain wealth in today’s evolving financial markets. Guests include leaders from finance, technology, sports, and entertainment who share real-world insights on investing, innovation, and the business of success.
👉 Learn more: https://nypbt.com/
🔗 Connect with NYPBT: https://www.linkedin.com/company/new-york-private-bank-trust/
Partnering to Create Wealth
Inside the Deal: How a Food Entrepreneur Used Private Credit to Stay in Control
In this episode, I’m joined by Leigh Hoagland, co-founder and former CEO of New York Private Finance and now senior advisor to the firm. Leigh shares the backstory of a borrower we’ll call “Bob”—a food entrepreneur who used a loan from NYPF to buy out a minority partner and retain full control of his company.
We explore:
- Why Bob borrowed personally instead of through the company
- How we structured the loan using a blend of illiquid private equity and a participating interest
- What made this deal a win for the borrower—and for NYPF
- How our model differs from mezzanine debt and other private credit providers
Leigh also shares reflections from his time at Bankers Trust and Deutsche Bank, and explains how regulatory shifts gave rise to the NYPF model.