Cohen & Company

Name

Cohen & Company

Legal name

Cohen & Company Inc.

Website

https://cohenandcompany.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Institutional Asset Management and Capital Markets

NAICS

Portfolio Management and Investment Advice (52394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Investment Pools and Funds (5259)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Insurance-Dedicated Multi-Manager Platforms (e.g., ILS / Cat Bond FoF) (FSAHAKAK)

akta.pro secondary industry

Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Asset management services
• Capital markets advisory
• Fixed income trading
• Structured credit products
• SPAC underwriting services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Banking Revenue: Revenue generated from SPAC-related transactions, underwriting, and advisory services. In Q1 2026, investment banking revenue reached $45.7 million driven primarily by SPAC-related transactions.
2. Asset Management Fees: Management fees from approximately $2.3 billion in assets under management across collateralized debt obligations, managed accounts, joint ventures, and investment funds.
3. Fixed Income Trading and Sales: Revenue from fixed income sales, trading, and matched book repo financing operations through Cohen & Company Securities.
4. Principal Investing: Strategic investments of company capital including SPAC sponsor equity and other investments for earning investment returns.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Cohen & Company provides institutional asset management, capital-markets, and principal-investing services through three operating segments. Its offerings include insurance debt strategies, CLO and CDO structuring and management, fixed-income sales and trading, securities and repo financing, M&A and capital-markets advisory, and SPAC underwriting, sponsorship, and trading services.

Product overview

Cohen & Company is a financial services company (NYSE American: COHN) founded in 1999, operating through three main segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment provides fixed income sales, trading, gestation repo financing, new issue placements, underwriting, and advisory services through Cohen & Company Securities, LLC (formerly J.V.B. Financial Group, rebranded July 2025) and Cohen & Company Capital Markets. The Asset Management segment manages approximately $1.4 billion in assets through collateralized debt obligations, managed accounts, and investment funds including the PriDe European fund series. The company is also a leading SPAC underwriter and sponsor, having launched multiple Columbus Circle Capital Corp. SPACs and providing SPAC-focused equity trading services. Cohen & Company Financial (Europe) S.A. operates the European business from Paris.

Differentiator

Problem solved

Functional benefit

Products and services

• Cohen & Company Capital Markets (CCM) Full-service boutique investment bank providing M&A advisory, capital-markets services, SPAC advisory, de-SPAC transaction services, and related underwriting for sponsors and companies.
• Cohen & Company Securities, LLC Registered broker-dealer that distributes fixed-income securities, provides securities and repo financing, and conducts fixed-income sales and trading for institutional clients.
• SPAC-Focused Equity Trading Desk Equity trading service focused on SPAC-related trading activities and complementing the firm's established gestation repo financing and fixed-income trading capabilities.
• Gestation Repo Financing Program Securities-financing service that enables clients to borrow against SPAC shares during the gestation period before a business combination.
• Insurance Strategies Investment strategies focused on funding small and medium-sized insurance companies in the United States, Europe, and Bermuda through managed funds, structured vehicles, and separately managed accounts.
• Collateralized Loan Obligations (CLO) Collateralized loan obligation structuring and management service drawing on experience in securitization, asset management, and lending.
• Collateralized Debt Obligations (CDO) Management and advisory services for funds collateralized by insurance and/or bank securities, with more than $9.5 billion of U.S. and Bermudian assets and €1.7 billion of European assets originated.
• SPAC Equity Investment Provides investors with access to SPAC equity through IPO participation and secondary-market opportunities.
• PriDe IV Fund European vintage fund that raised €481.5 million to provide regulatory capital solutions to small and mid-sized European insurance companies.
• Residential Transition Lending Loan-trading business operated by Concordant Capital Group, LLC, focused on the purchase and sale of small-balance commercial loans for professional investors and real-estate developers.
• Columbus Circle Capital Corp. SPAC Series Series of Cohen & Company-sponsored SPACs, including Columbus Circle I, II, and III, with public offerings and target sectors spanning technology, digital infrastructure, sports, media, entertainment, energy transition, mining, and cryptocurrency.

Quantifiable outcome

• Q1 2026 investment banking revenue of $45.7 million
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Concordant Capital Group, LLCcoreStrategic or Co-development PartnerRun by Cohen & Company, Concordant Capital Group operates the Residential Transition Lending business focused on purchase and sale of small balance commercial loans for fix and flip financing.
• J.V.B. Financial Group, LLC (now Cohen & Company Securities)coreStrategic or Co-development PartnerRegistered broker-dealer regulated by FINRA and subject to SEC oversight, focusing on Mortgage Trading and Financing, SBA Securitization, Wholesale Sales & Trading, and Credit Trading.

Scale indicators12 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Oppenheimer Holdings: Full-service investment bank and asset manager with private client and capital markets operations. Comparable in combining brokerage, investment banking, and asset management under one publicly listed entity.
• Cantor Fitzgerald: Privately-held boutique financial services firm with deep fixed income, SPAC underwriting, and asset management businesses. Highly comparable given overlapping SPAC sponsorship, institutional broker-dealer, and structured product capabilities.
• TigerRisk Partners: Independent reinsurance broker and ILS structuring specialist. Comparable as a specialty intermediary focused on insurance-linked capital markets where Cohen & Company is expanding via its Global ILS Program.
• Loop Capital Markets: Minority-owned boutique investment bank specializing in capital markets, public finance, and structured products. Comparable as a smaller specialist broker-dealer competing in fixed income and structured finance.
• B. Riley Financial: Multi-segment financial services firm offering investment banking, brokerage, and asset management to small/mid-cap clients; also listed on a small-cap exchange. Directly comparable in business mix and target market.
• Ladenburg Thalmann Financial Services: Diversified financial services holding with independent broker-dealer and asset management subsidiaries serving retail and institutional clients. Comparable as a smaller-scale public multi-line financial services firm.

Emerging players

• White Mountains Insurance Group: Bermuda-based insurance investment specialist with ILS and reinsurance businesses. Comparable given its adjacency to Cohen & Company's insurance debt and ILS focus areas.

Broad incumbents

• Moelis & Company: Independent boutique investment bank focused on M&A and capital markets advisory. Comparable in boutique advisory positioning but with larger scale and broader deal coverage.
• Piper Sandler: Mid-market focused investment bank and asset manager with strong public finance and fixed income operations. Comparable in boutique-style service model and mid-market advisory focus.
• Stifel Financial Corp. Larger mid-market brokerage and investment bank with institutional brokerage, asset management, and fixed income trading. Comparable product breadth but at greater scale and broader clientele.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/cohenandcompany
• Instagraminstagram.com/cohenandcompany
• LinkedInlinkedin.com/company/cohen-and-company-asset-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cohen & Company