Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 354

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 354
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 receivable financing377,227 5.7 %Loans receivable31,580 18.5 %Total$802,593 December 31, 2023Notes receivable$398,227 N/ALoans receivable31,323 12.6 %Total$429,550 Equity Investments at Fair ValueRithm Capital’s 70% equity investment in a credit risk transfer LLC is valued using an internal discounted cash flow pricing model to estimate the fair value of the investment. As of December 31, 2024, the fair value of the investment was $194.4 million. As the discount rate of 11.8% used to estimate the fair value of the investment is a significant unobservable input, this investment is classified as Level 3 in the fair value hierarchy. Consolidated CFE - FundsSculptor’s consolidated structured alternative investment solution, a CFE, holds investments in funds measured at fair value using the NAV per share of the underlying funds, as a practical expedient.

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

The following table summarizes the fair value of the investments by fund type and ability to redeem such investments as of December 31, 2024:December 31,20242023Fund Type(A)Fair ValueRedemption FrequencyRedemption Notice PeriodFair ValueRedemption FrequencyRedemption Notice PeriodOpen-ended$172,409 Monthly - Annually(B)30 days - 90 days(B)$228,698 Monthly - Annually(B)30 days - 90 days(B)Close-ended160,697 None(C)N/A93,158 None(C)N/ATotal$333,106 $321,856 (A)The structured alternative investment solution invests in both open-ended and close-ended funds. The investments in each fund may represent investments in a particular tranche of such fund subject to different withdrawal rights.(B)$137.4 million of investments are subject to an initial lock-up period of three years during which time withdrawals or redemptions are limited. Once the lock-up period ends, the investments can be redeemed with the frequency noted above.(C)100% of these investments cannot be redeemed, as distributions will be received as the underlying assets are liquidated, which is expected to be approximately 7 to 9 years from inception.As