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RPA FINANCIAL, LLC
RPA Financial, LLC is the multi-family office of Ronald Perelman, investing across private equity, venture capital, real estate, and hedge funds from New...
RPA FINANCIAL, LLC
RPA Financial, LLC serves as the multi-family office for Ronald Perelman, the financier who built his fortune through the holding company MacAndrews & Forbes. Perelman purchased Revlon in 1985 and later controlled a range of consumer, entertainment, and industrial businesses before selling or spinning off most holdings by the 2010s (per The New York Times, 2022). The office has operated from New York City since at least the early 2000s, according to public records. The firm allocates capital across a multi-asset portfolio that includes private equity buyouts, venture capital investments, real estate, and hedge fund commitments. Unlike a single-family office, RPA Financial has also provided investment advisory services to other families, effectively running as a registered investment advisor (per SEC filings). Known direct holdings have included interests in Revlon and various MacAndrews & Forbes spin-offs, though the investment portfolio is not publicly broken out by asset class (per public record). The geographic focus is primarily the United States, with select exposure via fund investments in Europe and Asia. Total assets under management are undisclosed, and no team size is public. Howard G. Chafetz has served as Chief Operating Officer since at least 2014, and Jennifer Damian as Chief Compliance Officer. The office has maintained a lean operational structure relative to peers of similar wealth scale. May 2021: Ronald Perelman received a $1.3 billion tax refund after selling his remaining stake in Revlon, a transaction linked to the office's liquidity planning (per Bloomberg, May 2021). RPA Financial is structurally distinct in acting as both a family office and a regulated investment adviser serving outside clients, blurring the traditional single-family boundary. Perelman's wealth was largely concentrated in a single operating company for decades, and the office's mandate includes managing the gradual liquidation of legacy holdings alongside active portfolio construction.
General information
Firm type
Multi Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Ronald Perelman
Founder
Howard G. Chafetz
Chief Operating Officer
Jennifer Damian
Chief Compliance Officer
Sector focus
Frequently asked questions
Who runs investment decisions at RPA Financial?
Ronald Perelman is the principal decision-maker for the family office's investments. The office has named Howard G. Chafetz as Chief Operating Officer and Jennifer Damian as Chief Compliance Officer, but Perelman retains ultimate authority over the portfolio (per public record and SEC filings).
How does RPA Financial source deal flow?
The office relies on a combination of direct relationships from Perelman's years in control of MacAndrews & Forbes, as well as a network of external fund managers. As a registered investment advisor, the firm also has access to proprietary co-investment opportunities through its advisory relationships, though the exact sourcing model is not publicly detailed (per public record).
Is RPA Financial structured as a single family office or does it operate more like an investment firm?
RPA Financial is registered as an investment advisor with the SEC, distinguishing it from a pure single-family office. The firm provides investment advisory services to other families and clients, effectively functioning as a multi-family office. This structure subjects it to regulatory oversight and public disclosure requirements (per SEC Form ADV).
What investment stages does RPA Financial typically target?
The firm covers a broad range of stages across asset classes, including buyout and growth equity via private equity, direct venture capital investments, and credit or special opportunities through hedge fund allocations. The specific stage emphasis is not publicly disclosed, but Perelman's historical focus has been on undervalued or turnaround situations (per public record).
Does RPA Financial maintain philanthropic structures?
Yes, the Perelman family has funded the Ronald Perelman Family Foundation, which is separate from RPA Financial. The foundation makes charitable grants in areas including education, the arts, and medical research, with assets reported in public filings (per Foundation Center).
What is RPA Financial's known posture on co-investments alongside external GPs?
The office selectively participates in co-investments, often in private equity and venture capital, leveraging Perelman's operational expertise. The frequency and size of these co-investments are not publicly tracked, but the firm's SEC registration as an advisor indicates an appetite for direct deals tailored to client portfolios (per public record).
Where does the underlying wealth come from?
Ronald Perelman's wealth was created through MacAndrews & Forbes, the holding company through which he acquired and managed Revlon and other consumer and industrial firms. He sold his remaining Revlon stake in 2021, and the family office now manages the proceeds from those sales alongside other holdings (per Bloomberg, Forbes).
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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