Rithm Capital
Rithm Capital, founded in 2013 under Fortress Investment Group, operates a diversified portfolio across real estate and financial services sectors, with a strong focus on sustainable operations and risk management.
Company History
Rithm Capital was founded in 2013 under the umbrella of Fortress Investment Group. The company has since expanded its operations to include a diversified portfolio across the real estate and financial services sectors. Over the years, Rithm Capital has focused on developing scalable asset manufacturing capabilities, marked by acquisitions of companies such as Newrez and Genesis Capital. The opening of a new office in London demonstrates its commitment to expanding its investment platform through private capital.
Services and Business Model
Rithm Capital operates a diversified portfolio that encompasses real estate and financial services sectors. The company owns and actively manages a family of operating companies across the complete real estate and lending lifecycle. It focuses on sustainable operations and engages employees in environmental awareness programs. Rithm Capital's rigorous risk management approach aims to generate maximum long-term value from its investments in a wide range of real estate and financial services assets.
Portfolio and Investments
As of Q1 2024, Rithm Capital holds $42 billion in assets and $7.1 billion in total equity. The company's well-diversified portfolio includes several operating companies across both financial services and real estate sectors. Key acquisitions include Newrez and Genesis Capital, adding significant capability to their asset manufacturing portfolio. Since its inception, the company has paid out $5.3 billion in total dividends, reflecting its commitment to delivering value to its stakeholders.
Sustainability Initiatives
Rithm Capital is committed to sustainable operations and has initiated several programs focused on environmental awareness. The company engages its employees in these initiatives to foster a culture of sustainability. This commitment is part of a broader strategy to conduct business in a responsible and environmentally-friendly manner, aligning its operations with long-term sustainability goals.
Global Expansion
In line with its growth strategy, Rithm Capital has opened a new office in London to expand its investment platform through private capital. This move marks a significant step in broadening their reach and diversifying their investment portfolio. The new office will serve as a hub for extending their operational footprint and strengthening their presence in international markets.