Company: RITM-PC
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001104659-25-033195
Chunk: 40

Company: Rithm Capital Corp.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 40
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; • Utilized novel transaction structure in order to efficiently navigate regulatory approvals and minimize customer disruption; • Focused on the Management of Sculptor , generating strong momentum across the platform: • Strong risk-adjusted investment performance across the platform in 2024 ; • Drove substantial fundraising in 2024 , with $5 billion of gross inflows across the platform; • AUM of $34 billion (b) as of December 31, 2024, including the launch of Sculptor Real Estate Fund V, the acceleration of momentum in Sculptor’s non-traded REIT and the launch of Sculptor’s CLO equity platform with an anchor investment from Rithm; • Continued the Expansion and Diversification of the Genesis Capital Franchise , with a funded volume of $1.2 billion, representing a 101% increase from 2023, and an increase of the number of sponsors to 140, representing a 14% increase from 2023; and • Completed a Transaction to Become the External Manager of RPT , a publicly traded mortgage REIT, leveraging our CRE platform to transform RPT into a CRE investment vehicle and demonstrating our ability to grow into a diversified global asset manager and generating fee-related earnings. (a) Cash and liquidity includes cash and available undrawn financing. (b) AUM refers to the assets for which Sculptor provides investment management, advisory or certain other investment-related services. This is generally equal to the sum of (i) net asset value of the open-ended funds or gross asset value of Real Estate funds, (ii) uncalled capital 26 TABLE OF CONTENTS commitments, (iii) par value of collateralized loan obligations. AUM includes amounts that are not subject to management fees, incentive income or other amounts earned on AUM. AUM also includes amounts that are invested in other Sculptor funds/vehicles. Our calculation of AUM may differ from the calculations of other asset managers, and as a result, may not be comparable to similar measures presented by other asset managers. Our calculations of AUM are not based on any definition set forth in the governing documents of the investment funds and are not calculated pursuant to any regulatory definitions. Based on the achievements outlined above, the Compensation Committee determined Mr. Nierenberg earned the maximum (200% of target) for the Strategic Category: Strategic Category Payout: 200% of target x 30% weighting = 60% of target. • Individual Category (weighted 10%) — For this category, the Compensation Committee considered