# Rithm Capital

Rithm Capital is a Real Estate and Financial Services based in New York, United States.

## Overview

- **Organization type:** Real Estate and Financial Services
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** rithmcap.com
- **LinkedIn:** https://www.linkedin.com/company/rithm-capital

## Regulatory record

- **CRD number:** 334244
- **SEC file number:** 801-131816
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/334244

## About

Rithm Capital is an SEC-registered investment adviser in New York, NY, registered since 2025. The firm manages $826 million in regulatory assets. It has 73 employees and 21 investment advisers.

## Sectors

- Real Estate
- Private Credit
- Mortgage Finance

## People

- Michael Nierenberg — Chairman, CEO and President
- Thomas Donilon — Board Member
- David M. Schiffman — Board Member

## Questions

### How does Rithm Capital's public structure affect its investment approach?

Rithm trades on the NYSE (symbol RCM), giving it permanent capital that can hold illiquid assets like mortgage servicing rights or commercial real estate loans without redemption risk. This contrasts with private funds that must manage liquidity windows (per Rithm's SEC filings).

### What asset classes does Rithm Capital invest in?

Rithm targets residential mortgage credit (including mortgage servicing rights), commercial real estate debt and equity, and consumer loans via its SpringCastle platform. The firm also operates a private credit fund launched in 2025 (per SEC filings).

### Does Rithm Capital invest on behalf of outside investors or only its own balance sheet?

Historically, Rithm deployed its own balance sheet as a public REIT. Starting in 2025, it launched a private credit fund for institutional investors, marking a shift to third-party capital management alongside its proprietary investments (per SEC filings).

### How is Rithm Capital related to New Residential Investment Corp.?

Rithm Capital was formerly New Residential Investment Corp., a mortgage REIT founded in 2013. The firm rebranded to Rithm in 2022 after expanding beyond residential mortgages, with the NYSE ticker changing from NRZ to RCM (per SEC filings).

### What sectors does Rithm Capital explicitly avoid?

Rithm does not invest in early-stage venture capital, public equities outside of its own REIT structure, or unsecured corporate loans. Its focus is on asset-backed credit, real estate, and mortgage-related securities.

### Where does Rithm Capital's capital come from?

As a publicly traded company, Rithm's capital comes from equity and debt markets, including common stock offerings and corporate bonds. Insider ownership includes founder Michael Nierenberg and board members. The firm does not rely on a single family fortune.

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

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