DFX Intelligence
Real Estate Fund Intelligence
The manager graph behind U.S. private real estate capital. Which vehicles a manager swears to, what each reports year by year, what the manager says it does, and, where the evidence holds, which owner entities, properties, loans, lenders and pensions stand behind it. GAV is gross asset value on a filing date, never fund size, and every manager-to-property link carries its evidence class.
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Manager
R••••• C•••••• M••••••••• L••
What capital do they manage?
- Real estate GAV
- $7.7B GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
- Vehicles
- 23 current, 37 ever, 14 dropped4 feeders, 0 funds of funds
- First on the tape
- 2012the extract starts in 2011; an earlier history is not visible
- Latest filing
- Nov 1, 2024registered adviser
- Adviser RAUM
- $17Bthe whole adviser, all strategies; used for the quarantine test only
- Fund types on the latest filing
- Hedge Fund 1, Real Estate Fund 23
- Latest vintage
- 2024from a fund name year or the first ADV report after the adviser's first filing
What do they say they do?
stated by the manager
- Strategy
- Multi-strategy
- Operator model
- Hybridbasis: stated
- Property types
- Otherbasis: stated
- Markets
- United States, Europe, Japanbasis: stated
- Business kind (site)
- REAL_ESTATE_MANAGER
- AUM in its own words
- Since 2009, R•••••'s partners have committed almost $6 billion in flagship funds and an additional $5 billion across private equity funds, partnerships, and separate accounts; it also services over $90 billion in remaining CMBS pool balance.the manager's statement, not a DFX figure
- Parent
- Stone Point Capital (funds managed by Stone Point Capital, in partnership with the R••••• Capital Management Team)
In the manager’s own words
- Debt: “R••••• Capital launched RREF IV-Debt, totaling $1.9B of investor commitments to continue the credit investment strategies previously set forth in R••••• Capital's Flagship Opportunistic Fund series.”
- Distressed: “With extensive experience investing in, managing, and capitalizing on distressed opportunities, we understand the cyclicality of real estate markets and continuously focus on active control over assets and the value-add process”
- Value add: “continuously focus on active control over assets and the value-add process, prudent use of leverage, and returning capital to investors”
- Other: “leverages decades of real estate experience to add value to complex assets and portfolios across all commercial real estate asset classes and loan structures”
- United States: “Our team of over 300+ associates throughout the United States and Europe is guided by our commitment to a culture of social responsibility, inclusion & diversity, and responsible investing.”
- Europe: “LNR works out distressed real estate loans and assets across Europe and establishes offices in London and a number of cities throughout Germany”
- Japan: “LNR opens a Loan Workout and Asset Management office in Tokyo to capitalize on opportunities arising from dislocations in Asian real estate markets”
Vehicles
37 on Form ADV
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| R••••• R••• E••••• F••• I• • D•••• L• 805-4787457276 | master | $1.9B GAV 2024 | 738 | 2020 to 2024 | 2020 | Harvesting | Debt | ||
| R••••• R••• E••••• F••• I•• • D•••• L• 805-6469345232 | master | $1.5B GAV 2024 | 785 | 2016 to 2024 | 2016 | Harvesting | Debt | ||
| R••••• R••• E••••• F••• V• • D•••• L• 805-6073572460 | master | $1.3B GAV 2024 | 522 | 2024 to 2024 | 2024 | Unknown | Debt | ||
| R••••• R••• E••••• F••• I• • P•••••••• L• 805-1510858612 | master | $608M GAV 2024 | 376 | 2020 to 2024 | 2020 | Harvesting | |||
| R••••• R••• E••••• F••• I•• L• 805-3827684983 | master | $539M GAV 2024 | 119 | 2013 to 2024 | 2013 | Harvesting | |||
| H•••• R••••• C••••• P•••••••• L• 805-6052125476 | master | $401M GAV 2024 | 33 | 2024 to 2024 | 2024 | Unknown | Debt | ||
| R••••• R••• E••••• F••• V• • P•••••••• L• 805-7767443965 | master | $290M GAV 2024 | 71 | 2023 to 2024 | 2023 | Deploying | |||
| R••••• C••••• P••••••••• I•• L• 805-5794891084 | master | $200M GAV 2024 | 4 | 2023 to 2024 | 2023 | Harvesting | Debt | ||
| R••••• R••• E••••• F•••• L• 805-9995217438 | master | $164M GAV 2024 | 41 | 2012* to 2024 | unknown | Winding down | 2 | ||
| R••••• C••• P••••••• F•••• L• 805-7244684884 | fund | $155M GAV 2024 | 6 | 2020 to 2024 | 2020 | Investing | Debt | ||
| R••••• R••• E••••• F••• I•• • P•••••••• L• 805-2683234554 | master | $130M GAV 2024 | 487 | 2016 to 2024 | 2016 | Harvesting | |||
| R••••• R••••••• V•••• C••••• F•••• L• 805-6194826265 | fund | $111M GAV 2024 | 2 | 2021 to 2024 | 2021 | Harvesting | Debt | ||
| R••• I• • P• Y•• C•••••••• L• 805-8103818704 | co-investment | $104M GAV 2024 | 3 | 2022 to 2024 | 2022 | Investing | |||
| R••• I••• M••••••• S•• C•••••••• L• 805-8497437583 | co-investment | $66M GAV 2024 | 3 | 2022 to 2024 | 2022 | Investing | |||
| R••• I• • P• 5••• S• C•••••••• L• 805-4192144933 | co-investment | $43M GAV 2024 | 3 | 2023 to 2024 | 2023 | Investing | |||
| R••• I••• O•• B••••••• C•••••••• L• 805-1012016255 | co-investment | $39M GAV 2024 | 3 | 2022 to 2024 | 2022 | Investing | |||
| R••• I••• B•••••• C•••••••• L• 805-5217980712 | co-investment | $39M GAV 2024 | 5 | 2022 to 2024 | 2022 | Investing | |||
| R••••• Y••••• C•••••••• L• 805-6929689305 | co-investment | $38M GAV 2024 | 4 | 2022 to 2024 | 2022 | Deploying | |||
| R••• I••• S••••• E••• C•••••••• L• 805-7439583554 | co-investment | $35M GAV 2024 | 10 | 2022 to 2024 | 2022 | Investing | |||
| R••• I•••• C••• A••• L• 805-5205942591 | feeder | $33M GAV 2024 | 6 | 2016 to 2024 | 2016 | Mature | Debt | ||
| R••• I• P••••••• M••••••• S•• I••••••••• L•• 805-4544696516 | fund | $21M GAV 2024 | 2 | 2022 to 2024 | 2022 | Investing | |||
| R••• C••• A•• S• I•• L• 805-2549845250 | feeder | $11M GAV 2024 | 13 | 2014 to 2024 | 2014 | Harvesting | Debt | ||
| R••••• C••••• P••••••••• L• 805-8334059590 | fund | $9M GAV 2024 | 3 | 2017 to 2024 | 2017 | Winding down | Debt |
14 dropped, re-typed or historical vehicles
| Vehicle | Kind | GAV | Owners | Reported | Vintage | Lifecycle | Lifecycle | Name says | LPs |
|---|---|---|---|---|---|---|---|---|---|
| R••••• S•••••• S••••••••• F••• I•• L• 805-3752443312, dropped 2022 | master | $188M GAV 2021 | 6 | 2021 to 2021 | 2021 | Dropped from ADV | Distressed | ||
| R••••• A••••••• P••••••••• I• L• 805-6576366325, dropped 2022 | fund | $92M GAV 2021 | 4 | 2018 to 2021 | 2018 | Dropped from ADV | |||
| R••••• C•••••• C••• F••• I•• L• 805-5979676389, dropped 2020 | fund | $60M GAV 2019 | 11 | 2016 to 2019 | 2016 | Dropped from ADV | Debt | ||
| R••• I•••• B••• C•••••••• L• 805-8219305100, dropped 2022 | co-investment | $47M GAV 2021 | 3 | 2019 to 2021 | 2019 | Dropped from ADV | |||
| R••••• C•••••• C••• F•••• L• 805-5035612184, dropped 2020 | fund | $46M GAV 2019 | 13 | 2015 to 2019 | 2015 | Dropped from ADV | Debt | ||
| R••• C••• A•• I•• L• 805-4568986380, dropped 2020 | feeder | $35M GAV 2019 | 2 | 2014 to 2019 | 2014 | Dropped from ADV | Debt | ||
| A• B•••• C• P••••••••• L• 805-4036679007, dropped 2021 | master | $28M GAV 2020 | 7 | 2015 to 2020 | 2015 | Dropped from ADV | |||
| R••• C••• A•• S•• L• 805-1893942672, dropped 2024 | feeder | $26M GAV 2023 | 13 | 2014 to 2023 | 2014 | Dropped from ADV | Debt | ||
| R••••• S•••••• S••••••••• F•••• L• 805-3404515451, dropped 2019 | master | $20M GAV 2018 | 1 | 2017 to 2018 | 2017 | Dropped from ADV | Distressed | ||
| R••••• C•••••• C••• F••• I••• L• 805-1478904077, dropped 2020 | fund | $13M GAV 2019 | 11 | 2017 to 2019 | 2017 | Dropped from ADV | Debt | ||
| R••••• C•••••• C••• F••• I•• L• 805-5065850912, dropped 2020 | fund | $11M GAV 2019 | 11 | 2017 to 2019 | 2017 | Dropped from ADV | Debt | ||
| R•••••• C••••••••• L• 805-9515821647, dropped 2019 | master | $1M GAV 2018 | 2 | 2014 to 2018 | 2014 | Dropped from ADV | |||
| R••• I•••• C••••••••• L• 805-3475020125, dropped 2021 | co-investment | $790,000 GAV 2020 | 11 | 2016 to 2020 | 2016 | Dropped from ADV | |||
| R••••• M•••••••• P••••••• F•••• L• 805-9109333326, dropped 2022 | master | $688,000 GAV 2021 | 92 | 2014 to 2021 | 2014 | Dropped from ADV | Debt |
What do they actually own?
2 trusted of 4 candidate bindings
| Owner entity | Vehicle | Properties held | Loans | Evidence |
|---|---|---|---|---|
| R•• U••••••••• B•• L•• FL, parking lot, mobile home park, regional shopping center | manager only | 3 assessed $44.2M | Corporate filing sunbiz_officer_is_manager | |
| R•• W••••••••• P•• L•• FL, regional shopping center | manager only | 1 assessed $19.6M | Corporate filing sunbiz_officer_is_manager |
What are they buying, selling and financing?
0 acquisitions, 0 sales, 0 financings in 12 months
No attributed events yet. An event reaches this page only through a validated holding binding.
Who finances them?
0 loans, 0 lender groups
No recorded loans through trusted holdings.
Who backs them?
2 allocators, 2 rows
- D•• M••••• F••••••••• in R••••• R••• E••••• F••• exact_name$1.7M fair value, as of Dec 31, 2024 apps.irs.gov
- G•••• F••••••••• T•••• in R••••• R••• E••••• F••• L• exact_name$1.1M fair value, as of Dec 31, 2024 apps.irs.gov
People
Form ADV Schedule A, latest filing
- J•••••• P••• K••••••• Chief Executive Officer since 2007-08 also on pe
- L••• •••• H••••• General Counsel since 2011-05 also on pe
- J•• H••••• M•••• President since 2011-09 also on pe
- C••• M••••• O•••• Chief Operating Officer since 2018-11 also on pe
- M••••••• B•••• v•• S•••• Chief Financial Officer since 2018-12 also on pe
- A••••• B••• L•••• Chief Compliance Officer since 2019-06 also on pe
What is changing?
- Vehicle first reported Nov 1, 2024 (observed) H•••• R••••• C••••• P•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $401,341,488
- Vehicle dropped from ADV Mar 27, 2024 (observed) R••• C••• A•• S•• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle first reported Jan 12, 2024 (observed) R••••• R••• E••••• F••• V• • D•••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $1,253,806,000
- Vehicle first reported Mar 30, 2023 (observed) R••• I• • P• 5••• S• C•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $49,614,000
- Vehicle first reported Mar 30, 2023 (observed) R••••• C••••• P••••••••• I•• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $202,000,000
- Vehicle first reported Mar 30, 2023 (observed) R••••• R••• E••••• F••• V• • P•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $5,000,000
- Vehicle dropped from ADV Mar 31, 2022 (observed) R••••• M•••••••• P••••••• F•••• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle dropped from ADV Mar 31, 2022 (observed) R••• I•••• B••• C•••••••• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle dropped from ADV Mar 31, 2022 (observed) R••••• A••••••• P••••••••• I• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle first reported Mar 31, 2022 (observed) R••••• Y••••• C•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $20,841,000
- Vehicle first reported Mar 31, 2022 (observed) R••• I• • P• Y•• C•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $92,759,029
- Vehicle first reported Mar 31, 2022 (observed) R••• I••• O•• B••••••• C•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $41,334,000
- Vehicle first reported Mar 31, 2022 (observed) R••• I••• S••••• E••• C•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $27,666,330
- Vehicle first reported Mar 31, 2022 (observed) R••• I••• B•••••• C•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $42,094,191
- Vehicle first reported Mar 31, 2022 (observed) R••• I• P••••••• M••••••• S•• I••••••••• L•• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $16,014,000
- Vehicle dropped from ADV Mar 31, 2022 (observed) R••••• S•••••• S••••••••• F••• I•• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle first reported Mar 31, 2022 (observed) R••• I••• M••••••• S•• C•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $50,127,044
- Vehicle first reported Mar 31, 2021 (observed) R••••• S•••••• S••••••••• F••• I•• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $188,499,900
- Vehicle dropped from ADV Mar 31, 2021 (observed) R••• I•••• C••••••••• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle dropped from ADV Mar 31, 2021 (observed) A• B•••• C• P••••••••• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle first reported Mar 31, 2021 (observed) R••••• R••••••• V•••• C••••• F•••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $180,204,950
- Vehicle dropped from ADV Mar 30, 2020 (observed) R••••• C•••••• C••• F••• I•• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle dropped from ADV Mar 30, 2020 (observed) R••• C••• A•• I•• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle dropped from ADV Mar 30, 2020 (observed) R••••• C•••••• C••• F•••• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle dropped from ADV Mar 30, 2020 (observed) R••••• C•••••• C••• F••• I•• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle dropped from ADV Mar 30, 2020 (observed) R••••• C•••••• C••• F••• I••• L• no longer reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle first reported Mar 30, 2020 (observed) R••••• R••• E••••• F••• I• • D•••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $528,967,000
- Vehicle first reported Mar 30, 2020 (observed) R••••• C••• P••••••• F•••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $132,574,000
- Vehicle first reported Mar 30, 2020 (observed) R••••• R••• E••••• F••• I• • P•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••
- Vehicle first reported Apr 26, 2019 (observed) R••• I•••• B••• C•••••••• L• first reported on Form ADV by R••••• C•••••• M••••••••• L••, GAV $53,396,410
Across DFX
Bridged by shared CRD, CIK or SEC fund id only; the same institution’s PE portfolio companies and its real estate holdings stay on their own graphs.