Human Capital

Michael Humphrey, a co-founder of the Cleveland, Ohio-based real assets consulting firm, will be selling part of his equity stake to three new equity owners.

Australian firm CHAMP Ventures’ decision to wind down in the face of succession issues is a reminder that the industry needs to manage the transition to new leadership with care.

The business’s change in leadership and organizational structure is tied to Morgan Stanley’s overall creation of a new real assets group.

The Boston-based private equity real estate firm now has a new president and principal.