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NSR Invest
NSR Invest is a Denver-based RIA founded in 1997, specializing in private credit, real estate, and infrastructure investments, led by Todd Zerega.
NSR Invest
NSR Invest was founded in 1997 by Robert A. Rice and Todd Zerega. The firm grew out of a focus on structured finance and real estate debt, later expanding into infrastructure and private credit. It operates as a registered investment adviser (RIA) and serves institutional clients including endowments, foundations, and family offices. Strategy centers on direct origination and co-investment across private credit, commercial real estate debt, and infrastructure equity. Asset classes include senior secured loans, mezzanine debt, and distressed situations. Known placements include investments in renewable energy infrastructure and commercial real estate projects across the United States (per public record). Team size and total AUM are not publicly disclosed. The firm maintains a single office in Denver. No philanthropic structures or adjacent vehicles are publicly identified. Recent operational events are limited to steady-state deployment; no major organizational changes have been reported in the last 24 months. NSR Invest distinguishes itself by focusing on direct origination rather than fund-of-funds structures, allowing it to maintain control over underwriting and terms. The firm's partnership model with institutional clients provides a stable capital base for long-dated illiquid investments.
General information
Firm type
RIA
Year founded
1997
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Denver
Corporate office
Denver, CO, United States
Principals
Todd E. Zerega
Managing Director, Chief Investment Officer
Robert A. Rice
Managing Director, Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at NSR Invest?
Todd Zerega serves as Managing Director and Chief Investment Officer, overseeing investment strategy and portfolio management. Co-founder Robert A. Rice also holds a Managing Director role. Both have been with the firm since its founding in 1997 (per public record).
How does NSR Invest source proprietary deal flow?
The firm originates investments directly through relationships with developers, operating companies, and financial intermediaries, rather than relying on third-party fund allocations. This direct origination model is central to its strategy (per public record).
Is NSR Invest structured as a single family office or an institutional asset manager?
NSR Invest operates as a registered investment adviser serving institutional clients. It is not structured as a single family office; it manages capital for endowments, foundations, and family offices on a discretionary basis.
Does NSR Invest participate in fund commitments or only direct deals?
The firm focuses on direct investments and co-investments, rather than committing to commingled funds. It structures bespoke mandates and sidecar vehicles for institutional partners (per public record).
What investment stages does NSR Invest typically target?
NSR Invest targets credit and real asset opportunities across the capital structure, from senior secured loans to mezzanine debt and equity. Stages include direct lending, distressed debt, and infrastructure project finance.
Which sectors does NSR Invest explicitly avoid?
The firm does not publicly disclose a negative sector screen, but its focus on secured credit and real assets suggests it avoids early-stage venture, public equities, and unsecured consumer lending.
Where does the underlying wealth come from?
NSR Invest manages capital for institutional clients, not a single family fortune. The wealth origin of its clients is not publicly disclosed.
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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