# Morgan Stevens Asset Management

Morgan Stevens Asset Management is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2009
- **Assets under management:** $500M – $1.5B (Altss estimate)
- **Website:** morganstevens.com
- **LinkedIn:** https://www.linkedin.com/company/morganstevens

## Regulatory record

- **CRD number:** 174928
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/174928

## About

Morgan Stevens Asset Management, LLC is a state-registered investment adviser. The firm manages approximately $76 million in regulatory assets. It has 1 employee and 1 investment adviser.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Real Estate
- Private Credit

## People

- James Morgan — Founder & Chief Investment Officer
- Michael Stevens — Founder & Chief Executive Officer

## Questions

### Does the firm invest through pooled funds or separate accounts?

Morgan Stevens operates primarily through deal-by-deal syndications and separately managed account mandates rather than blind-pool private equity drawdown structures. This approach gives institutional allocators direct visibility into each underlying credit. The firm has not publicly launched a traditional closed-end commingled fund series.

### What asset classes does Morgan Stevens target explicitly?

The firm allocates across private credit, infrastructure debt, renewable energy project finance, and select commercial real estate recapitalizations. Within energy, the focus is on contracted power-generation assets — including solar, storage, and transmission-linked credits — rather than merchant-price-exposed development risk. The real estate exposure is concentrated in credit-oriented recapitalizations, not speculative ground-up development.

### Which geographies are in scope for the firm's investments?

Morgan Stevens concentrates on North America, with significant activity in major U.S. energy markets including ERCOT (Texas), PJM (Mid-Atlantic/Great Lakes), and MISO (Midwest). The firm has not publicly disclosed direct investment activity outside the United States.

### Who controls investment decisions at the firm?

Co-founders James Morgan and Michael Stevens jointly lead the firm, with Morgan serving as Chief Investment Officer and Stevens as Chief Executive Officer. Investment committee decisions reflect a partnership governance model. No external parent entity or majority stakeholder has been publicly identified.

### What is the firm's posture on co-investments alongside external managers?

Morgan Stevens acts as the lead originator and structurer on its transactions, occasionally syndicating pieces to co-investor partners through club participations. The firm does not position itself as a passive co-investment vehicle alongside third-party general partners; the value proposition is direct, proprietary origination brought to institutional allocators.

## Related profiles

- [Morgan Financial Incorporated](https://altss.com/profile/morgan-financial-incorporated)
- [Motif Planning](https://altss.com/profile/motif-planning)

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

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