Who Owns Evercore Company?

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Who Owns Evercore?

Understanding a company's ownership is key to grasping its strategy and market position. Major events like acquisitions or IPOs significantly alter who controls and benefits from a firm. Evercore Inc., a leading independent investment banking advisory firm, shows how ownership shifts can shape a company's path.

Founded in 1995 by Roger Altman, David Offensend, and Austin Beutner, Evercore began with a clear mission: to offer independent financial advice. Today, it's a global firm specializing in M&A, divestitures, restructurings, and capital raising for corporations, financial sponsors, and governments.

As of July 2025, Evercore's market capitalization stands at approximately $11.7 billion, marking its significant presence in the financial services sector. Its ownership is a mix of institutional investors, individual shareholders, and the foundational influence of its founders and leadership team. Analyzing its ownership structure, including its founding equity, IPO evolution, and current major stakeholders, provides insight into its governance and strategic direction. This includes understanding the voting power of its Board of Directors and recent ownership trends, offering a complete picture of who influences Evercore's operations and its Evercore BCG Matrix.

Evercore Inc. was founded in 1995 by Roger C. Altman, David Offensend, and Austin Beutner, initially as Evercore Partners. Roger Altman, the firm's founder and Senior Chairman, brought a wealth of experience from his prior roles, including his time as a general partner at Lehman Brothers and Assistant Secretary of the U.S. Treasury. The firm's inception was driven by a vision for an independent advisory model, focused on delivering unbiased counsel to clients.

Founding Vision

The core of Evercore's early strategy was to establish an independent advisory firm. This approach aimed to provide clients with objective advice, distinguishing itself in the financial advisory landscape.

Founders' Expertise

Roger C. Altman, a key founder, possessed significant experience in investment banking and public service. His background provided a strong foundation for the firm's establishment and strategic direction.

Early Ownership Structure

While specific initial equity splits are not publicly detailed, the firm's structure was designed to align the interests of its founders and key personnel. This was crucial for attracting and retaining top talent in a competitive industry.

Capitalization and Growth

The firm's initial growth was supported by private capital, though specific early investors are not publicly identified. The focus was on building a partner-led firm with strong internal alignment from its inception.

Alignment of Interests

Evercore's early structure, resembling an umbrella partnership real estate investment trust (UPREIT), allowed Senior Managing Directors and other individuals to hold equity. This included limited partnership units and Class B common stock, ensuring significant voting power for the founding team.

Partner-Led Model

The emphasis on a partner-led firm with strong internal alignment was a defining characteristic of Evercore's founding principles. This model aimed to foster a culture of shared responsibility and commitment among its leadership.

The founding ownership structure of Evercore was instrumental in shaping its early trajectory and operational philosophy. By implementing a model that allowed key individuals to hold equity, the firm ensured a deep alignment of interests among its leadership team. This approach is common in human capital-intensive businesses within the financial sector, where the expertise and dedication of its people are paramount to success. The firm's early growth, while not detailed with specific angel investors, was undoubtedly fueled by strategic capital infusions that supported its expansion and the implementation of its independent advisory model. Understanding Revenue Streams & Business Model of Evercore provides further context on how this ownership structure supported its operations.

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Evercore's ownership journey significantly transformed with its 2006 initial public offering (IPO), transitioning from a private entity to a publicly traded company. This move broadened its investor base and established a new framework for its capital structure. As of July 2025, Evercore Inc. commands a market capitalization of approximately $11.7 billion.

The landscape of Evercore's ownership is predominantly shaped by institutional investors, who collectively hold a substantial 79.04% of the company's shares. Among these, key players include State Street Corp. with 2.91%, Manulife Financial Corp. at 0.4%, Schweizerische Nationalbank holding 0.18%, SEI Investments Co. with 0.12%, and Corebridge Financial, Inc. at 0.1%. Other significant institutional stakeholders contributing to Evercore company stakeholders include Vanguard Fiduciary Trust Co., Boston Partners Global Investors, Inc., and Invesco Advisers, Inc. Individual investors account for 6.73% of ownership, with other categories and unknown holdings making up the remainder. The geographical distribution of Evercore stock ownership shows a strong concentration in the United States, representing 74.22% of shareholders, followed by Canada at 5.51% and the United Kingdom at 3.4%. The company's financial strategy, as detailed in its 2024 Annual Report and SEC filings like the DEF 14A, involves active capital structure management, including share repurchases to mitigate dilution from equity compensation, thereby supporting its growth initiatives and financial stability. Understanding these dynamics is crucial for grasping the Target Market of Evercore.

Key Ownership Insights

Evercore's ownership is heavily influenced by institutional investment, reflecting broad confidence in its market position.

• Institutional investors are the dominant shareholder group.
• The United States represents the largest geographical base for Evercore shareholders.
• The company actively manages its capital structure, including share repurchases.
• Publicly available SEC filings offer detailed insights into Evercore's ownership records.

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The governance of Evercore Inc. is overseen by its Board of Directors, which includes key figures like John S. Weinberg, serving as Chairman and CEO, and Roger C. Altman, the Founder and Senior Chairman. Gail Harris holds the position of Lead Director. The board's composition aims to balance experienced leadership with independent perspectives to guide the company's strategic direction.

Evercore's voting power is notably concentrated due to its corporate structure. While Class A common stockholders have one vote per share, holders of Evercore LP partnership units, including Senior Managing Directors (SMDs), possess Class B common stock. This grants them one vote for each vested and unvested partnership unit. Historically, SMDs and their affiliated entities have controlled approximately 70% of the voting power, enabling them to elect all board members and significantly influence the company's management and operations. This structure ensures that the firm's senior leadership and partners maintain substantial control over Evercore's decision-making, a key aspect of Evercore ownership.

Shareholder Influence and Executive Compensation

Shareholder engagement at Evercore is evident through annual voting on critical matters, including director elections and executive compensation. Despite the concentrated voting power held by internal stakeholders, proposals such as equity incentive plans, designed to attract and retain talent, have historically garnered strong shareholder support. This indicates a general alignment between the board's strategic objectives and the broader shareholder base, even when certain advisory firms recommend against specific proposals. Understanding these dynamics is crucial for grasping Evercore company stakeholders and their influence.

• Shareholders vote on director elections annually.
• Executive compensation is a key voting item.
• Equity incentive plans often receive strong shareholder backing.
• Advisory firm recommendations may differ from shareholder votes.
• The voting structure impacts overall Evercore ownership.

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What Recent Changes Have Shaped Evercore’s Ownership Landscape?

Over the past 3-5 years, Evercore has seen significant financial growth and strategic moves that have shaped its ownership. The firm's strong performance in 2024 and the first half of 2025, marked by substantial revenue and net income increases, underpins its current market position and investor appeal.

Metric	2024	First Half 2025
Revenue	$2.3 billion (+15% YoY)	Over $1.5 billion (+20% YoY)
Net Income	$444 million (+21% YoY)	N/A
Adjusted Diluted Share Count (Q2 2025)	43.5 million	N/A

Evercore's capital management strategy consistently includes substantial share buybacks, which help to balance the impact of equity compensation and consolidate ownership. The company also strategically acquires noncontrolling interests in its subsidiaries, as seen with the purchase of an additional 0.3% of EWM Class A Units for $1.0 million in 2024, reinforcing its control and ownership structure.

Strategic Acquisition in UK Market

In July 2025, Evercore acquired Robey Warshaw, a prominent UK-based advisory firm. This move is designed to bolster Evercore's growth strategy and expand its presence in the United Kingdom.

Industry Consolidation Trend

The acquisition of Robey Warshaw aligns with a broader industry trend of consolidation. This highlights the increasing significance of specialized advisory firms in the global financial landscape.

Leadership Stability and Talent Focus

Evercore's leadership remains stable with Roger Altman as Founder and Senior Chairman and John Weinberg as Chairman and CEO. The firm continues to prioritize talent development through promotions and new hires.

Positive Market Outlook and Client Service

The company expresses optimism regarding the investment banking environment for 2025. There is a continued emphasis on client service and strategic initiatives, anticipating gradual market improvements.

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