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The agreement caps a year-long strategic review following the death of Courtland Partners founder Michael Humphrey. StepStone's Jeff Giller says the intention is “to honor Michael's legacy” of high standards and fiduciary orientation.
The addition of the RPR Partners team “reflects our commitment to growing strategic areas with unmatched knowledge to meet each of our clients' needs,” says Ernst & Young vice chair Kate Barton.
CEO Maury Tognarelli calls the ownership consolidation “indicative of the confidence we have in ourselves and further aligns our interests with those of our clients.”
Yet CBRE reports that foreign investment accounted for 42% of Washington DC's total office investment in 2017, with most of the capital coming from Japan, Norway and Canada.
A synchronized pickup in economic momentum globally is just one of the factors that could spur faster US growth in 2018, writes Andrew Nelson at Colliers International.
“Our success in the distribution of debt will be driven by our proven ability to sell paper anywhere in the capital structure between zero and 90% loan-to-value,” says Lotus founder Faisal Ashraf.