# Brokaw Rice Investment Advisors

Brokaw Rice Investment Advisors is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **Website:** brokawrice.com

## Regulatory record

- **CRD number:** 141533
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-03-29T00:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/141533

## About

BROKAW RICE INVESTMENT ADVISORS, INCORPORATED is a state-registered investment adviser. The firm manages approximately $7 million in regulatory assets. It has 2 employees and 2 investment advisers.

## Sectors

- Real Estate
- Private Credit
- Infrastructure

## People

- Gerald Brokaw — Managing Director
- Darryl Rice — Managing Director

## Questions

### Is Brokaw Rice a registered investment advisor or a broker-dealer?

Brokaw Rice operates as a placement agent and advisor for private real estate credit transactions. Public records indicate that Gerald Brokaw holds securities industry registrations, positioning the firm to syndicate structured debt and preferred equity to qualified purchasers. The firm's regulatory posture is deal-contingent rather than discretionary, which is typical for advisors placing private placements under Rule 506(b) or 506(c).

### How does Brokaw Rice source its deals, and what is the geographic focus?

The firm sources transactions through a network of regional developers, repeat-borrower relationships, and local-market sponsors concentrated in the Northeastern and Mid-Atlantic United States. Collateral is largely multifamily, light industrial, and necessity retail — property types where local operator expertise and basis discipline matter more than institutional-scale aggregation. This approach avoids broker-marketed auctions, instead capturing deals originated through direct borrower relationships.

### What types of capital structures does Brokaw Rice typically arrange?

Structures include senior secured first mortgages, subordinated mezzanine debt, and preferred equity in ground-up construction and value-add recapitalizations. The firm also facilitates note purchases from regional banks managing regulatory capital constraints. Each transaction is structured individually with direct collateral security, giving LPs granular control over the specific asset and credit terms rather than pool-level exposure.

### Does Brokaw Rice charge management fees like a traditional fund manager?

Because Brokaw Rice syndicates on a deal-by-deal basis rather than operating a blind-pool fund, compensation is largely transaction-based — earned at closing on each completed placement — rather than through ongoing management fees on committed but undrawn capital. This structural feature means LPs do not pay for idle cash and have line-item approval rights over each credit, a significant differentiator from closed-end fund structures.

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Last updated: 2026-06-03T20:00:00.000Z

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