RiverRock Asset Management (RRAM) is an investment firm that manages private funds. These funds invest in life settlement policies, which are existing life insurance policies purchased from individuals for more than their cash value but less than the death benefit. RRAM identifies, evaluates, and manages these investments for the funds, but does not provide individualized advice to the funds' investors. RRAM is a subsidiary of RiverRock Funds, LLC.
Fee Structure
RiverRock Asset Management manages investments for private funds and is compensated through a percentage of the assets managed and performance-based compensation. The management fees range from 1% to 1.5% annually, based on factors like capital commitments or portfolio value. The firm also receives a portion of the fund's net profits, known as carried interest.