Rithm Capital (NYSE: RITM) is an alternative asset manager based in New York City. The company focuses on investing in the financial services and real estate sectors and has grown to ~$32 billion in gross assets since its inception in 2013. Rithm was built in the public markets as an opportunistic capital vehicle structured as a REIT within the ecosystem of its former external manager. Rithm internalized management from Fortress Investment Group in June 2022.
What was once solely a holder of MSRs, Rithm has grown to approximately $7 billion in equity, distributed over $4.4 billion in cumulative dividends, and now manages multiple operating companies and a diverse investment portfolio. Over the years, Rithm has evolved into a leading manager of assets and investments across the real estate and financial services space.
Rithm’s success is driven by its strategic approach, focused on a diverse, complementary, and adaptable portfolio of investments that includes its operating companies, investment portfolio, and recently launched private capital business. Since its inception, Rithm has built out its asset manufacturing capabilities with the addition of companies like Newrez, Caliber Home Loans, and Genesis Capital and has developed the right strategies to capture the value of each investment.
Rithm’s highly differentiated model benefits from decades of investment expertise, strong performance history, proprietary sourcing & origination opportunities, significant market insights, and leading asset servicing capabilities. Rithm is headquartered in NYC and has an office in London.