Rialto Capital

Rialto Capital is an integrated investment and asset management platform that invests in commercial real estate properties, loans, and securities throughout the capital structure. The name covers Rialto Management Group and its subsidiaries: Rialto Capital Management, the registered investment adviser, and Rialto Capital Advisors, the asset manager and special servicer.

The firm invests for institutions, pensions, sovereign funds, foundations, and individuals through flagship funds, private equity funds, partnerships, separate accounts, and coinvests, including Hines-Rialto Credit Partners. Investment and asset management teams are kept in house under an operator model, controlling the asset from sourcing through monetization, and the platform covers credit investments, direct lending, special situations, REO asset management, loan workout, and servicing operations.

Rialto is a rated CMBS special servicer overseeing a portfolio of more than $90 billion in remaining pool balance. Its lineage runs back to a distressed workout business formed inside Lennar in 1990 that became LNR, an early CMBS issuer, B-piece buyer, and special servicer. It reports over 300 associates in 12 offices across the United States and Europe, with U.S. locations including New York, Atlanta, Tampa, San Francisco, Las Vegas, Newport Beach, and El Segundo alongside the Miami headquarters.

Mandates are institutional and no fee schedule is published. The site notes that funds managed by Rialto no longer hold assets in Europe and that two European offices are kept for tax and regulatory reasons. Its own pages also give different figures for capital raised since 2009, so any capital-raised number is worth confirming directly.