Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 395

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 395
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 expenses. Due from related parties is presented within other assets on the consolidated balance sheets.Investments in FundsIn the first quarter of 2022, Sculptor closed on a $350.0 million structured alternative investment solution, a collateralized financing vehicle that invests in various open-ended and closed-ended funds managed by Sculptor. Sculptor invested approximately $127.8 million in the vehicle and consolidates it. See Note 19 and Note 20 for additional details on the structured alternative investment solution.In the second quarter of 2024, Sculptor launched Sculptor Loan Financing Partners, a CLO equity investment platform to manage investments in the equity tranches of Sculptor managed CLOs in the U.S. and Europe. The Company invested $91.4 million in the vehicle and consolidates it. See Note 19 and Note 20 for additional details on the Sculptor Loan Financing Partners.  Investments in Loan SecuritizationsThe Company retains beneficial interests in loan securitization trusts that it sponsors. Refer to Note 20 for additional details.

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollars in tables in thousands, except share data)

Transactions with Rithm Property TrustIn connection with the transaction with Rithm Property Trust, on June 11, 2024, RCM Manager, a subsidiary of Rithm Capital, entered into the Rithm Property Trust Management Agreement to serve as Rithm Property Trust’s external manager, and Rithm Capital acquired 2.9 million shares of Rithm Property Trust common stock for a purchase price of $14.0 million, equal to 6.4% of shares of Rithm Property Trust common stock outstanding as of December 31, 2024, pursuant to the terms of a stock purchase agreement. In addition, during the second quarter (prior to the close of the transaction with Rithm Property Trust), Rithm Property Trust issued five-year warrants to Rithm Capital, exercisable for approximately 3.3 million shares of Rithm Property Trust’s common stock. Pursuant to the Rithm Property Trust Management Agreement, RCM Manager implements and manages Rithm Property Trust’s business strategy, investment activities and day-to-day operations subject to oversight by Rithm Property Trust’s board of directors. Additionally, the Company’s Chief Executive Officer currently serves as Rithm Property Trust’s Interim