Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 171

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 171
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 fund type and ability to redeem such investments:June 30, 2025December 31, 2024Fund Type(A)Fair ValueRedemption FrequencyRedemption Notice PeriodFair ValueRedemption FrequencyRedemption Notice PeriodOpen-ended$224,317 Monthly – Annually(B)30 days – 90 days(B)$172,409 Monthly - Annually(B)30 days - 90 days(B)Close-ended133,833 None(C)N/A160,697 None(C)N/ATotal$358,150 $333,106 (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)$47.2 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 of June 30, 2025 and December 31, 2024, the structured alternative investment solution had unfunded commitments of $48.3 million and $23.8 million, respectively, related to the investments presented in the table above, which will be funded by capital within the consolidated funds from its underlying open-ended funds and liquid assets.As of June 30, 2025 and December 31, 2024, notes payable of the structured alternative investment solution with a fair value of $224.7 million and $224.1 million, respectively, were valued using independent pricing services and are classified as Level 3. The Company measures the financial liabilities of its consolidated structured alternative investment solution based on the fair value of the financial assets of the consolidated entity under the CFE election, as the Company believes the fair value of the financial assets is more observable. The notes payable of consolidated CLOs had a fair value of $731.1 million and $735.9 million as of June 30, 2025 and December 31, 2024, respectively, and were valued using independent pricing services. As of June 30, 2025, the Company measured the financial liabilities of its consolidated CLOs based on the fair value of the financial assets of its consolidated CLOs under the C