# CREWS & ASSOCIATES

CREWS & ASSOCIATES is an Asset Manager based in Little Rock, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Little Rock, United States
- **Region:** North America
- **Address:** Memphis, TN, United States
- **Founded:** 1987
- **Assets under management:** Undisclosed
- **Website:** crewsassociates.com

## Regulatory record

- **CRD number:** 8052
- **SEC file number:** 801-128827
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/8052

## About

Crews & Associates, Inc. is an SEC-registered investment adviser in Little Rock, AR, registered since 2023. The firm manages approximately $181 million in regulatory assets. It has 145 employees and 16 investment advisers.

## Sectors

- Real Estate
- Private Credit
- Infrastructure

## People

- Hill McAlister — Chairman
- William W. Deupree Jr. — President

## Questions

### What is CREWS & ASSOCIATES' primary investment focus?

The firm operates across two distinct but complementary disciplines: direct commercial real estate investment and municipal bond underwriting. Its real estate practice targets retail, office, and industrial properties primarily in the Mid-South region. The municipal securities arm focuses on underwriting and placing bonds for public infrastructure projects throughout Tennessee.

### Does the firm open its vehicles to outside investors, or is it proprietary capital?

CREWS & ASSOCIATES does not operate publicly registered funds. It deploys capital on behalf of a private network of Southern families and institutional accounts. The structure is relationship-based and does not follow a traditional blind-pool fundraising model, which limits external visibility but gives the firm significant hold-period flexibility.

### What is the firm's historical relationship with Tennessee municipal finance?

For over three decades, the firm has served as an underwriter and placement agent for municipal bond issuances across Tennessee. This role has embedded it in local public infrastructure funding, including school district and utility district financings, giving it a recurring local origination channel that most small investment firms do not possess.

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Last updated: 2026-06-03T20:00:00.000Z

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