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We are Rithm

An asset manager focused on real estate and financial services.

Delivering over 10 years of strong and stable results

We were founded in 2013 under Fortress Investment Group to capitalize on a compelling investment opportunity in mortgage servicing rights (MSR). What was once solely a manager of MSRs, Rithm has grown into an investment platform with a diverse and opportunistic portfolio across the real estate and financial services sectors. Our portfolio of investments and operating companies has a successful track record of performing across changing economic environments.

Exceptional operational expertise

Over time, we’ve developed scalable asset manufacturing capabilities with the addition of companies like Newrez, Genesis Capital, and others. This ecosystem of closely managed operating companies allows us to better source, acquire, securitize, and manage assets—capturing long-term value and market insights for a competitive advantage.

Redefining the manager-to-investor relationship

We believe success is defined by the strength of our relationships. Only through the collaboration found in more bespoke, nimbler environments, can we capitalize on a dynamic, continuously evolving market. We bring an exceptional level of transparency and access to our investment partnerships—which we think is critical to driving superior results.

Welcoming a new era of company growth

In 2023, Rithm acquired Sculptor Capital Management, a leading global alternative asset manager, with $33 billion in assets under management at the time of acquisition. Sculptor is built to capitalize on a wide spectrum of market opportunities through deep expertise, swift action and an open, best idea culture. Sculptor focuses on corporate and structure credit, real estate and manages an opportunistic multi-strategy hedge fund. With more than 70% of its client partnerships exceeding a decade, Sculptor is well aligned with our foundational principle of “the power of partnership."

Rithm Through the Years

Crestline logo

Assets: $45B
  • Completes acquisition of Computershare Mortgage Services inc., expanding Newrez servicing portfolio and subservicing platform
  • Launches Sculptor Loan Financing Partners platform, a captive CLO equity investment platform, along with Rithm making initial anchor investment
  • Genesis closes on two benchmark securitizations, surpassing all other rated residential transitional loan securitizations at the time
  • Enters into a transaction with Great Ajax Corp., now rebranded to Rithm Property Trust (NYSE: RPT), to serve as external manager

Assets: $39.7B
  • Acquires $1.4bn of Marcus consumer loans from Goldman Sachs 
  • Acquires Sculptor Capital Management, enhancing Rithm’s position as a diversified asset management platform

Assets: $34.6B
  • Internalizes management from an affliate of Fortress Investment Group
  • Rebrands from New Residential to Rithm Capital
  • Launches private capital business
  • Acquires 50% of GreenBarn Investment Group

Assets: $39.7B
  • Gains additional scale and product origination capabilities
  • Acquires Caliber Home Loans, expanding origination and servicing capabilities
  • Acquires business purpose lender, Genesis Capital, with ~$1.4bn loan portfolio

Assets: $44.9B
  • Enhances its mortgage platform with the acquisition of select mortgage assets from Ditech
  • Acquires Guardian Asset Management, a property management and preservation platform to expand services offering

Assets: $31.7B
  • Acquires mortgage origination & servicing company, Shellpoint (now Newrez)
  • Adds asset generation capabilities and earnings power through a significant entry into the operating company space

Assets: $22.2B
  • Acquires $100bn of MSRs from Citi
  • Joins consortium to purchase up to $5bn of unsecured forward flow consumer loans from Prosper

Assets: $15.2B
  • Grows investment portfolio through acquisitions; becomes eligible to own Full MSRs in all 50 states
  • Acquires $160bn of MSRs & other mortgage assets from HLSS

Assets: $2.7B
  • Becomes publicly-traded through a spin-off as an owner of Excess MSRs and other residential assets
  • Acquires SpringCastle portfolio (~$4bn of consumer loans) from HSBC

Working Together

Senior Leadership

  • Michael Nierenberg

    Chief Executive Officer, President and Chairman

    Michael Nierenberg is the Chief Executive Officer, Chairman of the Board, and President of Rithm Capital. Mr. Nierenberg has worked for the Company since 2013. Mr. Nierenberg was appointed as our Chairman of the Board in May 2016, and our Chief Executive Officer and President in November 2013. Prior to becoming Chief Executive Officer of Rithm Capital, Mr. Nierenberg served as Managing Director and Head of Global Mortgages and Securitized Products at Bank of America Merrill Lynch. Mr. Nierenberg joined Bank of America Merrill Lynch in November 2008 from J.P. Morgan, where he was head of Global Securitized Products and a member of the management committee of the investment bank.

    Prior to his tenure at J.P. Morgan, Mr. Nierenberg held a range of senior leadership positions during fourteen years with Bear Stearns, including Head of Interest Rate and Foreign Exchange Trading operations, Co-Head of Structured Products and Co-Head of Mortgage-Backed Securities Trading. From 2006 to 2008, he was a member of Bear Stearns’s Board of Directors. Mr. Nierenberg spent seven years at Lehman Brothers prior to joining Bear Stearns and was instrumental in building the company’s adjustable rate mortgage business.

  • Nick Santoro

    Chief Financial Officer, Chief Accounting Officer

    Nick Santoro is the Chief Financial Officer and Chief Accounting Officer of Rithm Capital. Mr. Santoro has worked for the Company since 2015. Mr. Santoro was previously employed by FXCM, Inc. from 2012 through September 2015, serving as its Chief Accounting Officer where he was responsible for directing financial reporting, accounting, tax and financial planning activities. From 2005 through 2012, Mr. Santoro was employed by the Financial Guaranty Insurance Company, serving as principal financial officer from November 2008.

    Mr. Santoro is a Certified Public Accountant.

  • David Zeiden

    Chief Legal Officer

    David Zeiden was appointed Chief Legal Officer for the Company on April 30, 2024.  Mr. Zeiden previously served as Executive Managing Director, Chief Compliance Officer (“CCO”) and Chief Regulatory Counsel for Sculptor Capital Management, Inc. (“Sculptor Capital”), where he oversaw Sculptor Capital's global compliance program.   Mr. Zeiden has over 25 years’ experience as in-house counsel and in private practice advising on complex investments and other transactions as well as providing legal, compliance, regulatory, and operational leadership.  Prior to serving as Sculptor Capital’s CCO, Mr. Zeiden was General Counsel and Chief Operating Officer for Sculptor Capital’s Asia business. Before joining Sculptor Capital in 2007, Mr. Zeiden spent nearly a decade in private practice in the Corporate Departments at law firms Paul Weiss and Debevoise & Plimpton.  Mr. Zeiden holds a Bachelor of Arts from the University of Wisconsin-Madison and a Juris Doctor from the UCLA School of Law.

  • Charles Sorrentino

    Managing Director, Head of Investments

    Charles Sorrentino is a Managing Director at Rithm Capital. Mr. Sorrentino has worked for the Company since 2015, originally as a Managing Director in the Private Equity division of Fortress Investment Group, the Company’s former external manager.

    At Rithm, Mr. Sorrentino serves as Head of Investments and is responsible for managing all assets under management. Mr. Sorrentino has over 20 years of experience in capital markets and spent 14 years at Bank of America Merrill Lynch in various senior leadership roles. Prior to joining Bank of America Merrill Lynch, Mr. Sorrentino worked at Prudential Securities.

  • Varun Wadhawan

    Managing Director

    Varun Wadhawan is a Managing Director at Rithm Capital. Mr. Wadhawan has worked for the Company since 2016, originally as a Managing Director in the Private Equity division of Fortress Investment Group, the Company’s former external manager.

    At Rithm, Mr. Wadhawan leads Corporate Strategy and M&A and has been instrumental in driving the investment and acquisition of various operating businesses. Prior to joining the Company, Mr. Wadhawan spent 10 years at Bank of America Merrill Lynch in the Financial Institutions Investment Banking Group where he executed numerous M&A and capital raising transactions. Prior to Bank of America Merrill Lynch, Mr. Wadhawan worked at American Express and KPMG.

    Mr. Wadhawan received an M.B.A. from Cornell University, is a member of the Institute of Chartered Accountants of India and holds the Chartered Financial Analyst designation.

  • Sanjeev Khanna

    Managing Director

    Sanjeev Khanna is a Managing Director at Rithm Capital. Mr. Khanna was previously a Managing Director in the Private Equity division of Fortress Investment Group, the company’s former external manager. Mr. Khanna joined Fortress in 2009.

    At Rithm, Mr. Khanna leads the Capital Markets function. Mr. Khanna has more than 30 years of experience collaborating with a wide range of mortgage and consumer finance industry participants, including servicers of commercial and residential mortgage and consumer loans, asset managers, originators, rating agencies, trustees, accounting firms, lenders, and investors. Prior to joining Fortress, Mr. Khanna was a business leader at Morgan Stanley for over 20 years in various structured finance, fixed income, and capital markets groups.

    Mr. Khanna holds a B.S. in Industrial Engineering from Columbia University.

  • Philip Sivin

    Managing Director, Chief Counsel for M&A

    Philip Sivin is a Managing Director, Chief Counsel for M&A at Rithm Capital. Mr. Sivin has worked for the Company since 2021, originally as a Managing Director in the Private Equity division of Fortress Investment Group, the Company's former external manager.

    Prior to this, Mr. Sivin was a Managing Director and Chief Counsel-Credit at Angelo, Gordon & Co, L.P., overseeing legal issues across the firm's $25bn+ credit platform. Prior to Angelo Gordon, Mr. Sivin held a variety of senior positions, including Senior Managing Director, General Counsel and Chief Financial Officer, and was a member of the Executive Committee of the M.D. Sass Group of Companies. Mr. Sivin practiced law at Sullivan & Cromwell, LLP as a member of the General Corporate, Investment Management and Real Estate Groups.

    Mr. Sivin serves as a Member of the Board of Managers of the Law Alumni Society of the University of Pennsylvania Law School and a member of the Cornell ILR Alumni in Finance Council.

    Mr. Sivin received a B.S. from Cornell University, a J.D., cum laude, from the University of Pennsylvania Law School and an M.B.A. from Columbia Business School. He also holds the Chartered Financial Analyst designation.

  • Jerome Le Jamtel

    Head of Risk

    Jerome Le Jamtel is Head of Risk at Rithm Capital. Mr. Le Jamtel is responsible for all risk policies, monitoring and controls at Rithm and its operating companies, including Newrez, Genesis and GreenBarn, and works closely with the Capital Markets team to manage risk across the entire Rithm enterprise.

    Prior to joining Rithm, Mr. Le Jamtel served for nine years as Chief Risk Officer, and Head of Risk, Legal, Compliance, and Regulatory Affairs for the Americas at Natixis. Mr. Le Jamtel was a member of the Executive Committee, including all key governance committees of the firm. Mr. Le Jamtel has over 34 years of experience in overseeing US and international credit businesses, securitized products, structured finance, asset finance and a wide range of capital market products in Asia, Europe and the Americas.

    Mr. Le Jamtel graduated from Ecole Superieure de Commerce de Paris and Ecole Centrale Paris. He is a FINRA Registered Principal with certifications including Series 7, 63, 79, and 24.