RSF Partners

Investment Approach
RSF Partners' Investment Approach utilizes four primary structures to make investments.

Pari Passu/Preferred Equity

  • Invest as a limited partner in a partnership structure with the Sponsor or Operating Company.
  • Pari Passu Equity has no preferential treatment over Sponsor Equity and earns a relatively lower Preferred Return in exchange for a higher residual ownership interest or share of profits.
  • Preferred Equity is senior to Sponsor Equity and offers a higher residual ownership interest or share of profits to the Sponsor in exchange for a higher Preferred Return to the Preferred Equity.

Program Equity

  • Capital committed to a developer/operator with specialized expertise, typically in the form of Preferred or Pari Passu Equity.
  • Capital is used to fund a series of projects within the operator's niche.

Bridge Capital

  • Short-term capital provided to an investment until permanent capital is available.
  • Generally structured as Preferred Equity or Mezzanine Debt.

Sponsor Capital

  • Capital committed to fund the Sponsor's share of required Equity.
  • Capital is typically equal to 5-25% of total required Equity.
  • Sponsor normally receives development/asset management fees and profits interests in the investment partnership.