NEW YORK--(BUSINESS WIRE)--StepStone Real Estate announced today that it has hired Jay Morgan as Managing Director to focus on research, manager selection and primary and secondary investments in private real estate funds. Mr. Morgan will be based in New York.
Prior to joining StepStone, Mr. Morgan was with Courtland Partners where he was the consultant to several state and sovereign plans, director of research, portfolio manager to the Courtland fund of funds platform and a member of the investment committee. Previously, Mr. Morgan was a partner and head of research at Heartland and Company.
“Jay’s skills and experience in advising highly sophisticated institutional clients on their real estate investment strategies and tactics will be a valuable enhancement to our real estate advisory practice,” said Jeff Giller, Head of StepStone Real Estate. “The addition of a highly experienced senior professional like Jay is key to our ongoing commitment to deliver exceptional service to our clients as our advisory practice grows,” he added.
Mr. Morgan commented, “I am excited to be part of the StepStone Real Estate team. By providing investors with customized exposure to private real estate through investing in primaries, secondaries and co-investments, I believe StepStone creates extremely attractive investment solutions for institutional investors worldwide.”
About StepStone Real Estate
StepStone Real Estate advises sophisticated institutional investors in the US, Europe, Asia and the Middle East. StepStone Real Estate is part of StepStone Group (“StepStone”), a leading private markets firm that oversees approximately US$120 billion of private capital allocations, including over US$31 billion of assets under management. StepStone creates customized and targeted portfolios for the world’s most sophisticated investors using a highly disciplined research-focused approach across real estate, private equity, infrastructure and private debt. It is a global firm with 14 offices in 10 countries around the world including New York, San Francisco, La Jolla, Toronto, London, Zurich, Beijing, Hong Kong, Tokyo, Seoul, São Paulo, Dublin, Perth and Sydney.