# Stephens

Stephens is a Multi Family Office based in Little Rock, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Little Rock, United States
- **Region:** North America
- **Address:** Little Rock, AR, United States
- **Founded:** 1933
- **Assets under management:** Undisclosed
- **Website:** stephens.com
- **LinkedIn:** https://www.linkedin.com/company/stephens-inc-/

## Regulatory record

- **CRD number:** 3496
- **SEC file number:** 801-15510
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/3496

## About

Stephens is an SEC-registered investment adviser in Little Rock, AR, since 1980. The firm manages $18.0 billion in assets, with $13.8 billion on a discretionary basis. It has 611 employees and 247 investment advisers.

## Sectors

- Financial Services
- Energy Transition & Renewables
- Consumer
- Real Estate
- Private Credit
- Healthcare Services
- Industrials
- Agriculture

## Offices

- New York, NY
- Dallas, TX
- Chicago, IL
- London, UK
- Frankfurt, Germany

## People

- Warren Stephens — Chairman, President and CEO
- Miles Stephens — Executive Vice President
- Martin H. Rhodes — Chief Financial Officer

## Questions

### How does Stephens source proprietary deal flow?

The firm sources through a network built over nine decades: relationships with hundreds of former portfolio company executives, the investment banking division's corporate advisory clients, and a reputation as a patient, family-backed capital provider. Its Sun Belt geography provides access to founder-owned businesses in secondary and tertiary markets that coastal private equity firms often overlook. The firm's indefinite-hold structure appeals to selling families who do not want their companies flipped within a fixed fund cycle.

### Does Stephens invest in funds or only make direct investments?

Stephens does both. Through Stephens Capital Partners, the firm makes direct control and minority equity investments in private companies. It also commits as a limited partner to venture capital funds — historically including managers like Emergence Capital and Battery Ventures — and uses those LP relationships to source co-investment opportunities. The firm's private credit arm, expanded through the Trinity Capital acquisition in 2024, makes direct asset-backed and middle-market loans.

## Related profiles

- [Stephen Industries](https://altss.com/profile/stephen-industries)
- [Stephens Inc.](https://altss.com/profile/stephens-inc)

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Last updated: 2026-07-06T01:24:25.985Z

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