# Duff & Phelps Investment Management

Duff & Phelps Investment Management is a Bank / Wealth / Trust based in Chicago, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1979
- **Assets under management:** Undisclosed
- **Website:** dpimc.com

## Regulatory record

- **CRD number:** 107296
- **SEC file number:** 801-14813
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/107296

## About

Duff & Phelps Investment Management is an SEC-registered investment adviser in Chicago, IL, since 1979. The firm manages approximately $12.7 billion in assets. It has 53 employees and 26 investment advisers.

## Sectors

- Real Assets
- Infrastructure

## Questions

### How does Duff & Phelps Investment Management relate to the Duff & Phelps valuation and advisory firm?

Duff & Phelps Investment Management Co. is a registered investment adviser specializing in listed real asset portfolios and is an affiliate of Virtus Investment Partners. It does not provide valuation, risk advisory, or corporate finance services. The similarly named global advisory firm Duff & Phelps was acquired by Kroll and is a separate entity.

### What investment strategies does Duff & Phelps Investment Management run?

The firm focuses exclusively on a small number of active, listed real asset strategies. Its three main areas are global listed infrastructure, global listed real estate, and Master Limited Partnerships and energy. Each strategy is managed by a dedicated team using fundamental, bottom-up research and high-conviction portfolio construction.

### Who owns Duff & Phelps Investment Management?

Duff & Phelps Investment Management has been a wholly owned subsidiary of Virtus Investment Partners since 1995, when it was acquired by Virtus's predecessor company based in Hartford, Connecticut. Virtus owns a collection of independently managed boutique asset managers. Duff & Phelps operates with investment autonomy under the Virtus multi-affiliate structure.

### Does Duff & Phelps Investment Management manage direct investment or only funds?

The firm delivers its strategies through three vehicles: direct institutional separate accounts and managed accounts, open-end mutual funds via the Virtus platform, and exchange-listed closed-end funds. At least two decades of experience managing closed-end funds provides a pathway for individual investor access to listed real asset strategies.

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Last updated: 2026-07-10T22:44:37.000Z

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