Sculptor Launches Captive CLO Equity Platform with Anchor Commitment from Rithm Capital [Yahoo! Finance]
Rithm Capital Corp. (RITM)
Company Research
Source: Yahoo! Finance
NEW YORK, April 18, 2024 BUSINESS WIRE )--Sculptor Capital Management, Inc. ("Sculptor") today announced the launch of Sculptor Loan Financing Partners, the firm's captive CLO equity investment platform, anchored by a commitment from Rithm Capital Corp. (NYSE: RITM; "Rithm"). Sculptor Loan Financing Partners will manage investments in the equity tranches of Sculptor managed CLOs in the US and Europe, and expands the firm's Institutional Credit Strategies business, which oversees approximately $15 billion in assets under management. Sculptor also today announced the close of a $406 million US CLO, Sculptor CLO XXXII ("CLO 32"). A controlling equity stake in CLO 32 was pre-placed to Rithm through the Sculptor Loan Financing Partners platform, with a diverse group of leading global institutions invested in the minority equity and rated notes. Brett Klein, Global Head of Corporate Credit at Sculptor, commented "Over the last decade plus, we have developed a highly successful global i
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RITM
News
- Rithm Capital Corp. (NYSE: RITM) had its price target raised by analysts at Keefe, Bruyette & Woods from $12.00 to $12.50. They now have an "outperform" rating on the stock.MarketBeat
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- Rithm Capital Corp. (NYSE:RITM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Compared to Estimates, Rithm (RITM) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
RITM
Earnings
- 4/30/24 - Beat
RITM
Sec Filings
- 5/3/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/30/24 - Form 4
- RITM's page on the SEC website