Center Stage Planning

Richard P. Richman, the founder of The Richman Group, serves as the principal investment decision-maker. He is supported by a compact internal team and leverages external advisors for specific asset classes. The office does not employ a large, named investment committee typical of an institutional allocator.

The underlying wealth originates from The Richman Group, a privately held real estate firm Richard Richman founded in 1988. The Richman Group is one of the United States' largest developers and managers of affordable multifamily housing, operating a national portfolio that has generated the family's core capital.

Center Stage Planning is a true single family office. It manages exclusively Richman family capital and does not accept outside investors. Unlike a venture firm, it deploys capital across a broad mandate — public equities, private real estate, and private equity funds — and measures holding periods in decades.

The office targets mature, durable assets across three primary categories: directly owned multifamily and commercial real estate, concentrated public-equity positions in businesses with wide competitive moats, and limited-partner commitments to middle-market private equity funds. The common thread is an indefinite holding period and a preference for tangible, cash-flowing assets.

Center Stage Planning uses both direct investments and fund commitments. Direct ownership is concentrated in real estate and public equities, while private equity exposure is primarily achieved through limited-partner commitments to external buyout funds and occasional co-investment rights.