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Adviser Profile

As of Date 11/01/2024
Adviser Type - Large advisory firm
Number of Employees 94 16.05%
of those in investment advisory functions 91 16.67%
Registration SEC, Approved, 3/30/2012
AUM* 17,005,084,465 13.93%
of that, discretionary 7,493,238,000 14.54%
Private Fund GAV* 7,903,515,488 20.53%
Avg Account Size 250,074,772 7.23%
SMA’s Yes
Private Funds 24 1
Contact Info 305 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Insurance companies

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
8B 7B 6B 5B 4B 2B 1B
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$238,266,000
Fund TypeReal Estate Fund Count23 GAV$7,665,249,488

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Brochure Summary

Overview

Rialto Capital Management, LLC (collectively with its subsidiaries as described herein, “Rialto” or the “Adviser”), a Delaware limited liability company, was formed in 2007 and operates as an integrated investment and asset management business with professionals operating from offices throughout the United States and Europe. In 2018, Rialto and its parent company were acquired by various funds managed by Stone Point Capital LLC (the “Stone Point Group” or “Stone Point”) and certain Rialto employees. Rialto is led by Jeffrey Krasnoff, Chief Executive Officer, and Jay Mantz, President. Rialto Capital Management, LLC registered with the SEC as an investment adviser in 2012. Together with its affiliates, Rialto Partners GP, LLC, Rialto Partners GP II, LLC, RPCF GP, LLC, Rialto Partners GP III - Debt, LLC, Rialto Partners GP III - Property, LLC, Rialto Partners GP IV – Debt, LP, Rialto Partners GP IV – Property, LP, Rialto Credit Partnership GP, LLC, Rialto Partners GP RVCF, LLC, Rialto Partners GP Yamato, LP, Rialto Credit Opportunities GP, LP, Rialto Partners GP RREF I SPV, LP, Rialto Partners GP RREF II SPV, LP, Rialto Partners RCP II, GP, LLC, Rialto Partners GP V – Property, LP and Rialto Partners GP V – Debt, LP (“General Partner(s)”), Rialto provides investment advice to unregistered pooled investment vehicles (each a “Fund” and together the “Funds”) and separately managed accounts and also sub-advises a registered real estate investment trust (collectively with the Funds, its “Clients”). Unless the context otherwise requires, the General Partners are included in the term “Rialto.” Any persons acting on behalf of the General Partners are subject to the supervision and control of Rialto in connection with any investment advisory activities. While Rialto is the managing member or, as applicable, general partner, controlling the General Partners, Lennar Corporation, Rialto’s former parent company prior to November 30, 2018, retained a material economic interest in certain General Partners, and Stone Point holds a material economic interest in the General Partners formed after
December 1, 2018. Clients invest primarily in commercial real estate properties, commercial real estate loans and real estate related securities located in the U.S. The Funds rely primarily on exemptions from registration under Section 3(c)(7) of the Investment Company Act of 1940, as amended (the “Investment Company Act”). Interests in the Funds also are not registered under the Securities Act of 1933 (“Securities Act”) in reliance on exemptions provided by Section 4(a)(2) of the Securities Act of 1933 and Regulation D promulgated thereunder. Rialto provides investment advice directly to the Funds and not individually to their limited partners or other investors. Rialto manages each Fund’s assets in accordance with the objectives and strategy as defined in each Fund’s private placement memorandum and/or limited partnership agreement or other operating agreement (“Governing Fund Documents”). All terms are generally established at the time of a Fund’s formation and investors may not restrict the Fund’s investments except as indicated in the Governing Fund Documents. Additionally, Rialto provides investment advice to its other Clients in accordance with the objectives and strategy as defined in each Client’s investment management agreement or sub- advisory agreement (the “Management Agreements” and, together with the Governing Fund Documents, the “Governing Documents”). Rialto provides discretionary advice to its Clients, but it does have certain separately managed account Clients to which it provides non-discretionary advice. The Adviser tailors its advisory services to the particular needs of each Client. However, the specific needs of the individual investors in a Client organized as a pooled investment vehicle (i.e., limited partner investors) are not the basis for the recommendations by the Adviser. Investment advice is provided directly to the Client, not individually to the respective investors in the Client. As of December 31, 2023, Rialto managed approximately $7,493 million on a discretionary basis and approximately $9,512 million on a non-discretionary basis.