Who Owns Evercore Company?

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Who Owns Evercore?

Evercore, a leading independent investment banking advisory firm, began its public trading journey in 2006. Founded in 1995 by Roger Altman, David Offensend, and Austin Beutner, the firm has grown into a global financial advisory powerhouse.

Evercore Inc. specializes in mergers, acquisitions, and restructuring, serving a wide range of clients. In 2024, the firm secured the third position globally for advisory fees, highlighting its market influence.

Understanding Evercore's ownership involves examining its founders' initial stakes, the influence of institutional investors, and the broader public shareholder base. This structure reflects the company's strategic evolution and governance.

The ownership structure of Evercore is dynamic, influenced by its public offering and ongoing market activities. A detailed Evercore PESTEL Analysis can provide further context on the external factors impacting its business and, by extension, its ownership dynamics.

Evercore Partners Inc. was founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. These individuals brought a wealth of experience from prominent financial institutions, setting the stage for the firm's future growth and market position. Their collective vision was instrumental in shaping the early trajectory of Evercore.

Founding Vision

Established in 1995, Evercore Partners Inc. was built on the combined expertise of its three founders. Their aim was to create a firm with a strong foundation in financial advisory services.

Early Ownership Model

The initial ownership structure prioritized long-term alignment among key professionals. This was achieved through a limited partnership model designed to grant significant voting control to senior management.

Voting Power Distribution

Senior Managing Directors (SMDs) and affiliated family trusts held a substantial majority of the voting power. This ensured that those most invested in the firm's success guided its strategic direction.

Evercore LP Structure

A Delaware limited partnership, Evercore LP, was central to the ownership framework. Holders of its partnership units received Class B common stock, granting voting rights tied to their units.

Alignment of Interests

The structure was designed to foster a long-term perspective among employees and leadership. This approach aimed to create a stable and committed ownership base from the outset.

Exchangeable Units

Various units of Evercore LP, including Class A, E, I, and K, were structured for exchange into Class A common stock. This provided a pathway for liquidity and broader equity participation over time.

In its early stages, the ownership structure of Evercore Partners Inc. was characterized by a significant concentration of voting power among its Senior Managing Directors and their family trusts, collectively holding approximately 70% of the voting power. This was facilitated through Evercore LP, a Delaware limited partnership, where partnership unit holders received Class B common stock, granting them voting rights proportional to their vested and unvested units. This strategic allocation of voting rights was intended to ensure that the firm's leadership, deeply invested in its long-term success, maintained substantial control over its strategic direction and management. This foundational ownership model is a key aspect of understanding Evercore ownership and who controls Evercore's strategic decisions. The structure also included provisions for the exchange of various Evercore LP units for Class A common stock, offering a mechanism for future equity participation and liquidity for its key stakeholders. This approach reflects a common strategy in human capital-intensive businesses to align the interests of founders and senior management with the company's long-term objectives, providing insight into Evercore company ownership details and Evercore management ownership percentage. This early structure is a critical part of the Evercore ownership history, as detailed in a Brief History of Evercore.

Key Aspects of Early Evercore Ownership

The initial ownership of Evercore Partners Inc. was designed to empower its founders and key professionals, ensuring alignment with the firm's long-term vision and strategic objectives.

• Founders Roger Altman, David Offensend, and Austin Beutner established the firm in 1995.
• A limited partnership structure (Evercore LP) was utilized to manage ownership and voting rights.
• Senior Managing Directors and their family trusts held approximately 70% of the voting power.
• Class B common stock, tied to partnership units, granted voting rights but no economic rights.
• Provisions allowed for the exchange of certain LP units for Class A common stock, enabling future equity participation.

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Evercore's journey to its current ownership structure was significantly shaped by its initial public offering (IPO) on August 10, 2006. This event marked the company's transition to a publicly traded entity, altering its stakeholder landscape and paving the way for broader investment.

Following its IPO, Evercore's ownership has seen a substantial shift towards institutional investors, reflecting a common trend in publicly traded companies. This concentration of ownership among large financial entities influences the company's governance and strategic direction.

Evercore's Stakeholder Landscape

As of March 31, 2025, institutional investors hold a significant majority of Evercore's shares, indicating their substantial influence. Individual investors also maintain a presence, though their stake is considerably smaller.

• Institutional Ownership: 82.43% (as of March 31, 2025)
• Individual Ownership: 7.73% (as of March 31, 2025)
• Major Institutional Holders include The Vanguard Group, Inc. (9.99%), BlackRock, Inc., Boston Partners, Invesco Ltd., Millennium Management Llc, and State Street Corp.
• Notable funds include VTSMX - Vanguard Total Stock Market Index Fund Investor Shares and IJH - iShares Core S&P Mid-Cap ETF.

The company's unique corporate structure, which includes paired Class A and Class B common stock, plays a crucial role in maintaining voting control among key management personnel. This structure ensures that while economic interests are broadly distributed, those deeply involved in the company's operations retain significant influence over its strategic decisions. This alignment is a key aspect of understanding who controls Evercore's strategic decisions and how Evercore's ownership is distributed. The evolution of Evercore's ownership history demonstrates a strategic balance between public market participation and internal leadership control, a dynamic that underpins its long-term strategy and governance. For a deeper understanding of the company's financial operations, exploring the Revenue Streams & Business Model of Evercore provides valuable context.

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The current Board of Directors at Evercore Inc. is composed of individuals with significant experience in finance and business leadership. As of 2024, the board includes Founder and Senior Chairman Roger Altman, and Chairman and CEO John Weinberg. Other directors contributing their expertise are Pamela Carlton, Ellen Futter, Gail Harris, Robert Millard, Sir Simon Robertson, Sarah Williamson, and Willard Overlock Jr. Ralph Schlosstein serves as Chairman Emeritus, and Richard Beattie retired from the Board in 2024.

Evercore operates with a dual-class voting structure, which significantly impacts its ownership and control dynamics. All shareholders, holding either Class A or Class B common stock, vote together on company matters. However, Class B common stock, predominantly held by Senior Managing Directors (SMDs) and individuals through Evercore LP units, carries one vote per partnership unit. This arrangement directly links the economic interests of the SMDs to their voting power in the public company. Consequently, the SMDs, along with certain family trusts, maintain a majority of the voting power, allowing them to appoint the entire board of directors and steer the company's strategic direction. This structure is a key aspect of understanding Evercore ownership and who controls Evercore's strategic decisions.

Understanding Evercore's Voting Power

Evercore's voting structure is designed to ensure that key stakeholders with deep ties to the firm's operations hold significant control. This approach influences how Evercore company stakeholders participate in governance.

• Class B common stock grants voting rights tied to partnership units.
• Senior Managing Directors (SMDs) are primary holders of Class B stock.
• This structure allows SMDs to elect the entire board of directors.
• It effectively concentrates control among those most invested in the firm's long-term success, impacting Evercore management ownership percentage.

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Over the past three to five years, Evercore has focused on enhancing shareholder value through strategic capital allocation and strong business performance. Recent developments include a significant share-repurchase program and a consistent increase in quarterly dividends, reflecting a commitment to returning capital to its stakeholders.

Recent ownership trends for Evercore indicate a stable and high level of institutional investor participation, with over 82% of the company's stock held by institutions. This sustained interest from institutional investors, coupled with the company's consistent performance, including its second-best revenue year in 2024, highlights the confidence in Evercore's strategic direction and its position within the financial advisory sector. The firm's active role in significant activist defenses in 2024 and its ranking as the third-largest investment bank globally by advisory fees further underscore its market standing and the trust placed in its expertise by a broad base of Evercore company stakeholders.

Shareholder Value Initiatives

Evercore's commitment to shareholder value is evident in its recent capital allocation decisions. The company authorized a $1.6 billion share-repurchase program in April 2025 and increased its quarterly dividend by 5% to $0.84 per share.

Market Position and Growth Projections

The firm achieved its second-best revenue year in 2024 and is projected to reach $3.48 billion in revenue with $12.41 earnings per share in 2025, indicating strong growth prospects.

Institutional Investor Confidence

With over 82% institutional ownership, Evercore demonstrates significant backing from major financial entities. This high level of institutional investment reflects confidence in the company's management and its Marketing Strategy of Evercore.

Talent Development and Leadership Succession

The company's strategic approach includes investing in internal talent, with numerous Managing Directors promoted to Senior Managing Director in 2024 and early 2025, ensuring leadership continuity and expertise.

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