# PRICAP Advisors

PRICAP 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
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** pricapadvisors.com

## Regulatory record

- **CRD number:** 159614
- **SEC file number:** 801-73218
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/159614

## About

PRICAP ADVISORS LLC is an SEC-registered investment adviser in NEW YORK, NY, registered since 2012. The firm manages approximately $42 million in regulatory assets. It has 2 employees and 2 investment advisers.

## Sectors

- Private Credit
- Special Situations
- Real Estate

## People

- Patrick Rischer — Founder & Managing Partner

## Questions

### How does PRICAP source its deal flow?

PRICAP sources transactions through direct relationships with regional commercial real estate sponsors, developers, and mortgage brokers along the East Coast. Origination is relationship-driven rather than reliant on broadly syndicated bank deals or auction processes. This approach emphasizes repeat borrowers and off-market or limited-marketing transactions.

### What geographic markets does PRICAP focus on?

The firm concentrates on the eastern United States, with known activity in the Mid-Atlantic and Southeast regions. Unlike national platforms that target gateway cities exclusively, PRICAP lends against properties in secondary and tertiary markets where sponsor relationships and local credit knowledge diverge from institutional lending benchmarks.

### Does PRICAP participate in fund commitments or only direct loans?

PRICAP operates as a direct lender, originating loans on a deal-by-deal basis rather than managing commingled fund vehicles or participating as a limited partner in third-party real estate funds. No publicly registered 40-Act fund or reported closed-end vehicle structure alters this direct origination model.

## Related profiles

- [OATV Management Company](https://altss.com/profile/oatv-management-company-llc)

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

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