Stephen Chang

Stephen Chang

Stephen Chang

Stephen Chang

Chief Investment Officer and Managing Director

Stephen has served as Chief Investment Officer of LBCW, the family office for Clay Hamlin III, since early 2009. In 2012 he founded Acrewood Private Holdings to provide structured solutions for successful entrepreneurs and GPs to invest in their own highest conviction ideas, while participating in their upside on a secured and uncorrelated basis. The Acrewood Fund Series now comprises over nearly three dozen other SFOs across a series of ten funds, including a real-estate focused Bridge Credit Fund launched in 2020.

Prior to LBCW, Stephen spent 13 years focused on M&A and structured solutions at Citigroup and Deutsche Bank, and prior to investment banking he founded and sold two software companies to public acquirers. Stephen has an AB cum laude in Applied Mathematics from Harvard University and MBA in Finance from Wharton.

Stephen has previously been named one of Trusted Insight’s Top 30 Family Office Investors, and has been named a partner or advisory board member on a diverse array of unique strategies including: Rizk Ventures, a $3B multi-strategy real estate and healthcare investor; Orchard Global, an $8B credit and bank “regCap” hedge fund; Blackstreet, a distressed PE investment holding Company; Cendana, a $1B fund-of-seed funds; and Apiera, a women-owned and led long/short venture strategy.

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