RMC IA provides investment advice and management to special purpose vehicles (SPVs). These SPVs invest in equity securities or purchase promissory notes and loans for specific portfolio companies. RMC IA does not have the authority to choose the portfolio companies for the SPVs. The SPVs are operated to comply with the exemption from registration as an investment company.
Fee Structure
RMC IA charges management fees to some of its special purpose vehicles (SPVs). The annual management fees are:
- PLM Co-Invest LP: 2.0%
- BLGD Co-Invest LP: 2.0%
- Realty Royalties of America Fund, L.P.: 1.0%
RMC IA also charges deployment fees to some SPVs, up to 3.0% or 2.5%. Performance fees are also charged to some SPVs, such as 20% with a 20% catchup fee or 15% with a 15% catchup fee. Revenue share fees and administrative fees are charged to BLGD Financing Q1 2028 LP and BLGD Financing Q1 2029 LP.