Rithm Capital's Evolution Towards Becoming a Leading Alternative Asset Manager
Thursday, 7 March 2024, 10:28
The evolution of Rithm Capital
Rithm Capital started charting a new course in mid-2022. The company rebranded to highlight a diversified financial services approach and acquired Sculptor Capital Management in late 2023. With $33 billion of AUM brought in by Sculptor, Rithm expanded its alternative asset management capabilities and scale.
The evolution will continue
- In acquiring Sculptor, Rithm achieved its 2023 objective of pivoting to become more of an alternative asset manager.
- The company aims to evolve further to simplify its story and structure by potentially converting from a REIT to a traditional corporation.
- By growing its asset management business, Rithm hopes to enhance shareholder value through increasing fee-based cash flow and returns.
Rithm Capital's strategic evolution is poised to enhance its valuation and growth prospects in the competitive asset management landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.