# Rimrock Capital Management

Rimrock Capital Management is an Asset Manager based in Irvine, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Irvine, United States
- **Region:** North America
- **Address:** Irvine, CA, United States
- **Founded:** 1999
- **Assets under management:** $1B - $5B (Altss estimate)
- **Website:** rimrockcapital.com

## Regulatory record

- **CRD number:** 120410
- **SEC file number:** 801-65109
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-04-30T00:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/120410

## About

RIMROCK CAPITAL MANAGEMENT LLC is an SEC-registered investment adviser in IRVINE, CA, registered since 2006. The firm manages approximately $3.9 billion in assets. It has 26 employees and 9 investment advisers.

## Sectors

- Private Credit
- Real Estate
- Hedge Funds
- Energy Transition & Renewables

## People

- Dave Weber — Founder and Chief Investment Officer
- Larry B. Smith — Partner and Senior Portfolio Manager

## Questions

### Who runs investment decisions at Rimrock Capital Management?

Founder Dave Weber serves as Chief Investment Officer and makes final investment decisions, supported by Partner and Senior Portfolio Manager Larry B. Smith. Smith joined from TCW Group and brought additional credit research depth to the investment committee. The firm operates with a flat partnership structure where senior investment professionals carry significant discretion within approved allocation bands.

### How does Rimrock source its deal flow?

Rimrock sources from multiple channels including restructing advisors, law firms, bank workout groups, and direct borrower relationships built over multiple credit cycles. The firm has also developed origination partnerships with regional banks and specialty finance platforms. Its founder's decades in distressed markets give the firm early visibility into impending restructurings before they reach broad auction processes.

### Does Rimrock participate in fund commitments or only direct deals?

Rimrock predominantly originates direct credit investments, purchasing corporate loans and bonds in the secondary market or structuring bilateral loans with borrowers. The firm does not operate as a fund-of-funds and is not known to make material commitments to third-party private credit funds. Its capital base combines committed discretionary separate accounts with deal-by-deal co-investment vehicles.

### What investment stages or credit quality does Rimrock typically target?

The firm focuses on stressed and distressed credits, spanning both performing loans trading below par and post-restructuring instruments. Target obligors range from middle-market companies facing operational turnarounds to large-cap entities undergoing complex Chapter 11 proceedings. Rimrock also pursues special situations where a catalyst — litigation outcome, regulatory change, or management change — can compress credit spreads.

### Which sectors does Rimrock explicitly avoid?

Rimrock has not published a formal exclusion list, but public filings indicate limited exposure to early-stage venture lending, consumer microfinance, and sovereign debt outside North America. The firm's distressed focus naturally steers it toward sectors with tangible asset bases or contracted cash flows — energy, healthcare, industrials, and commercial real estate — and away from pre-revenue technology companies where recovery values are harder to underwrite.

### How does Rimrock's fund structure differ from a traditional private credit drawdown fund?

Rimrock avoids the standard 10-year closed-end drawdown fund structure in favor of discretionary separate accounts and deal-by-deal special purpose vehicles. This means the firm can deploy rapidly during credit dislocations without the pressure to call capital on a fixed timeline, and investors can adjust commitments based on market conditions. The tradeoff is less permanent capital than a traditional fund, which the firm offsets by maintaining strong performance alignment with its limited partners.

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- [Rifkin-Pottle Group](https://altss.com/profile/rifkin-pottle-group)
- [Rio Tinto](https://altss.com/profile/rio-tinto-group)

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Last updated: 2026-07-09T00:56:37.012Z

Canonical page: https://altss.com/profile/rimrock-capital-management-llc

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