McMorgan & Company LLC

Overview

McMorgan & Company LLC is a San Francisco-based investment management firm founded in 1969. The firm offers a comprehensive suite of services, including equity, fixed income, real estate, and infrastructure investments, managing over $10.6 billion in assets as of September 30, 2024. McMorgan's clientele includes Taft-Hartley pension and profit-sharing plans, pooled vehicles, institutions, health and welfare funds, and employee benefit plans. The firm's investment strategy is diversified across multiple asset classes, with a significant focus on real estate, fixed income, private equity, infrastructure, equity, and private debt. McMorgan employs a disciplined, benchmark-agnostic approach, emphasizing sustainable growth and value creation. Their real estate investments encompass core and value-add projects, particularly in Northern California, targeting strong and consistent cash flows. In equity investments, the firm seeks high-quality businesses at significant discounts to their estimated fair value, utilizing in-depth fundamental analysis and a patient, long-term orientation. McMorgan is recognized for its history of partnership with labor unions and pension plans, acting as a Qualified Professional Asset Manager (QPAM) and employing ERISA fiduciaries. The firm's commitment to responsible investing is evident in its diverse portfolio and long-standing client relationships, with an average client tenure exceeding 15 years. McMorgan's offices are located in San Francisco and Burbank, California, and it is a subsidiary of New York Life Investment Management.

Investment Focus

• Institutional investors
• Pension funds
• Employee benefit plans
• Health and welfare funds
• Taft-Hartley plans
• Accredited investors