Rithm Acquisition Corp.
RAC-UN
New York Stock Exchange10.70
USD
- -
- -
CIK
0002047497
ISIN
KYG757511004
Return %
Stock
S&P500
1Y
4.80
26.53
3Y
6.47
76.60
5Y
6.47
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Nierenberg
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 799 Broadway, 8th Floor New York United States of America 10003
- IPO Date
- Feb 27, 2025
- CIK
- 0002047497
- Website
- rithmacquisitioncorp1.com
- Similar Companies
- Business
- Rithm Acquisition Corp is a special purpose acquisition company incorporated in the Cayman Islands, established to effect mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations. It leverages the platform of its affiliate Rithm Capital Corp to acquire and build a company operating at the intersection of financial services, real estate, and infrastructure. The company typically targets opportunities within these sectors to generate favorable shareholder returns. Rithm Capital Corp, its affiliate, is a global alternative asset manager specializing in asset-based finance, real estate, structured and corporate credit, fund liquidity, insurance, and reinsurance strategies. The combined investment professionals manage approximately $102 billion in investable assets, including $47 billion on balance sheet and $55 billion under management across diversified strategies. Rithm Acquisition Corp completed a significant acquisition of Crestline Management, L.P. in December 2025, adding $17 billion in assets and expanding its investment and lending platform. This acquisition marks a key strategic step to build an integrated and diversified asset management platform targeting institutional and private wealth investors. Crestline brings a strong investment track record, a capable management team, and diverse offerings that complement Rithm’s existing platform, enhancing growth opportunities. This strategic move positions the company as a differentiated global asset management business with enhanced capabilities and market reach. Since its inception, Rithm has successfully executed multiple mergers and acquisitions totaling approximately $7.5 billion in enterprise value, growing its portfolio companies into leading franchises within financial services and real estate verticals. The company’s core business includes investment and asset management services with a focus on credit, real estate, infrastructure investments, and alternative investment strategies. It operates primarily in North America with a global reach via affiliated investment professionals and portfolio companies. Founded recently in the early 2020s and headquartered in the Cayman Islands, it capitalizes on its association with Rithm Capital Corp, headquartered in New York, to leverage expertise and market access. Rithm Acquisition Corp went public in early 2025, raising approximately $230 million in its initial public offering to finance its acquisition and growth initiatives. Rithm Acquisition Corp’s portfolio encompasses a broad suite of financial services offerings including asset-based finance, corporate credit, real estate investment, structured credit, fund liquidity management, insurance, and reinsurance solutions. These offerings cater to institutional investors, private wealth clients, and other sophisticated market participants. The company emphasizes collaboration and integration across its investment platforms to deliver differentiated alpha and comprehensive asset management capabilities. This strategic direction aligns with recent expansions through acquisitions and new fund launches aimed at scaling operations and diversifying product offerings. In summary, Rithm Acquisition Corp operates as a special purpose acquisition vehicle with a focus on financial services, real estate, and infrastructure sectors, propelled by strategic acquisitions such as Crestline Management. It offers diversified investment products and services including credit, real estate, and insurance-linked strategies on a global scale, driven by experienced management and significant asset bases under administration. The company continues to expand its platform through mergers, acquisitions, and organic growth to deliver value to shareholders and clients.