# Steel Partners

Steel Partners 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:** 1993
- **Assets under management:** $10B - $20B (Altss estimate)
- **Website:** steelpartners.com
- **LinkedIn:** https://www.linkedin.com/company/steel-partners

## Regulatory record

- **CRD number:** 336164
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/336164

## About

Steel Partners is a global diversified holding company founded in 1990 in New York, New York. It operates in sectors including industrial products, energy, and defense. The company offers services and products such as supply chain management, logistics, banking, and youth sports programs.

## Sectors

- Industrial Technology
- Real Estate
- Private Credit
- Energy Transition & Renewables
- Media & Entertainment

## Offices

- San Francisco, CA, United States

## People

- Warren G. Lichtenstein — Chief Executive Officer
- James F. McCabe — President

## Questions

### What makes Steel Partners' capital structure different from traditional hedge funds or private equity firms?

Steel Partners operates largely through Steel Partners Holdings (NYSE: SPLP), a publicly traded entity with no redemption rights. This permanent capital base allows the firm to hold illiquid operating companies and real estate across cycles without forced sales. Most activist or event-driven funds must return capital to LPs every 7–10 years.

### How does Steel Partners source proprietary deal flow?

The firm originates deals through its existing industrial operating companies, which generate steady cash flow and provide a lens into supplier and customer opportunities. It also uses its permanent capital structure to offer sellers a certainty of close that time-limited funds cannot match.

### Which sectors does Steel Partners explicitly avoid?

Steel Partners rarely targets healthcare, life sciences, or pure-play technology companies, preferring asset-heavy industrial and real estate businesses. The firm also does not do early-stage venture investments.

### How is Steel Partners related to Lichtenstein's other entities?

Warren Lichtenstein is the CEO of Steel Partners and also oversees the Lichtenstein Family Foundation, which is a separate 501(c)(3) entity funded by Lichtenstein family assets. The foundation does not receive contributions from Steel Partners Holdings directly.

## Related profiles

- [Hitachi Chemical](https://altss.com/profile/hitachi-chemical)
- [Propst Development LLC](https://altss.com/profile/propst-development-llc)

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

Canonical page: https://altss.com/profile/steel-partners

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