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B. Riley Capital Management
B. Riley Capital Management invests balance-sheet and external capital in distressed, event-driven credit and real estate, leveraging B.
B. Riley Capital Management
B. Riley Capital Management operates as the asset management division of B. Riley Financial, the publicly traded financial services platform Bryant Riley co-founded. The parent company's model combines brokerage, investment banking, and principal investments, giving the capital management unit a distinct sourcing pipeline from the advisory and trading desks. While precise AUM figures are not publicly broken out for this specific entity, parent B. Riley Financial reported approximately $2.3 billion in total cash and investments on its balance sheet as of mid-2024. The division invests across private credit, special situations, and real estate. It participates in restructurings and distressed-for-control opportunities where the broader B. Riley ecosystem — including its restructuring advisory and retail liquidation practices — generates proprietary deal flow. Publicly disclosed positions have included stakes in consumer brands undergoing turnarounds and retail real estate assets acquired through bankruptcy processes. Geographic focus centers on North America, with additional capacity in Europe through the Paris office. The team draws on B. Riley Financial's broader professional base of over 2,200 employees. B. Riley Capital Management operates alongside other investment vehicles under the parent, including Great American Capital Partners (direct lending) and B. Riley Principal Investments (equity co-investments). In May 2024, B. Riley Financial disclosed that it had retained Moelis & Company to explore strategic alternatives for portions of its investment portfolio, signaling a potential restructuring of its capital deployment approach. What structurally distinguishes the firm is its balance-sheet commitment model. Unlike third-party asset managers that earn fees regardless of performance, B. Riley Capital Management co-invests parent company capital alongside client funds. This alignment — and the willingness to hold positions through bankruptcy emergence when other capital flees — defines its niche in event-driven and distressed credit.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
Los Angeles, CA, United States
Additional offices
Paris, France · Reston, VA, United States
Principals
Bryant Riley
Chairman and Co-CEO
Sector focus
Frequently asked questions
How does B. Riley Capital Management source its investment opportunities?
Deal flow originates largely from B. Riley Financial's adjacent businesses, which include restructuring advisory, retail liquidation, and institutional brokerage. When a company enters distress or bankruptcy, the advisory teams possess early information about asset sales and valuation, creating a direct pipeline for the capital management division to evaluate credit or equity investments.
Is B. Riley Capital Management a separate entity from B. Riley Financial?
It is the asset management division of B. Riley Financial, not a standalone firm. The parent company is publicly traded on Nasdaq under the symbol RILY. Capital Management co-invests parent-company balance-sheet capital alongside external client mandates.
What types of investments does the firm typically target?
The firm concentrates on private credit, special situations, distressed debt, and retail-real-estate recapitalizations. It favors event-driven outcomes — bankruptcies, restructurings, or spin-offs — where its internal advisory insights provide an informational edge over generalist credit funds.
Does the firm manage retail or high-net-worth capital directly?
B. Riley Capital Management structures vehicles for institutional and qualified investors. While the parent company operates a retail brokerage, the capital management division's funds are not marketed as retail products.
Who makes final investment decisions at B. Riley Capital Management?
Bryant Riley, as Chairman and Co-CEO of the parent company, exerts significant influence over principal investment decisions. Individual deal teams within Capital Management originate and manage positions, but large balance-sheet commitments require approval at the parent-company level given the co-investment structure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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