Overview
RCM is a Delaware limited liability company with its principal place of business in Dallas, Texas. RCM is
registered with the SEC under the Advisers Act. The Firm was formed in 2020 and is owned by John Powers
and Brucker Stensrud.
RCM provides investment management services to pooled investment vehicles, RCP Fund I, LLC (“Fund
I”) RCP SMI, LLC (“SMI”) and RCP Fund II, LP (each a “Fund” and together the “Funds”), investing
primarily in marina and marina-related interests. RCM supervises, oversees and controls all investment
advisory services with respect to these Funds. The Firm manages each Fund on a discretionary basis in
accordance with applicable governing documents. Each Fund invests primarily in marina and/or marina
related assets.
RCM provides investment advisory services with respect to each Fund in accordance with the investment
objectives, policies, guidelines, limitations
and restrictions set forth in applicable Fund offering or
governing documents. The Firm provides investment advisory services solely with respect to the Funds,
and no investor in any such Fund should look to RCM for advice regarding any of its own investment
decisions, including any decision to invest in a Fund. The Firm treats the Funds, and not any of their
investors, as “clients” for purposes of the Advisers Act and other applicable laws and regulations, to the
extent permitted under such laws.
Each of the Funds relies upon and qualifies for exclusion from the definition of “investment company” as
set forth in Sections 3(c)(1) or 3(c)(7) of the Investment Company Act of 1940, as amended (the “Company
Act”).
Assets under management including all Funds were approximately $266 million as of December 31,
2023. The Firm does not manage any assets on a non-discretionary basis.