Related Fund Management, LLC

• A percentage of assets under your management
• Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated March 31, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$14,022,715,669 as of October 2026, filing dated March 31, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for pooled investment vehicles (other than investment companies)
• Portfolio management for businesses (other than small businesses) or institutional clients

Also doing business as

NYC SIG CRE23 GP, LLC (RELYING ADVISER), RDF IV GP, LLC (RELYING ADVISER), RDF WAM GP, LLC (RELYING ADVISER), RELATED OPPORTUNITIES CO-INVEST W GP, LLC, RELATED REAL ESTATE FUND II (FEEDER) GP, L.P. (RELYING ADVISER), RELATED REAL ESTATE FUND II GP, L.P. (RELYING ADVISER), RELATED REAL ESTATE FUND III (JERSEY FEEDER) GP, LLC (RELYING ADVISER), RELATED REAL ESTATE FUND III GP, L.P. (RELYING ADVISER), RELATED REAL ESTATE FUND IV (JERSEY FEEDER) GP, LLC (RELYING ADVISER), RELATED REAL ESTATE FUND IV GP, L.P. (RELYING ADVISER), RELATED REAL ESTATE OPPORTUNITY ZONE PARTNERS GP III, LLC (RELYING ADVISER), RELATED REAL ESTATE OPPORTUNITY ZONE PARTNERS GP, LP (RELYING ADVISER), RELATED REAL ESTATE OPPORTUNITY ZONE PARTNERS II GP, LP (RELYING ADVISER), RELATED REAL ESTATE RECOVERY FUND GP (FEEDER) LIMITED (RELYING ADVISER), RELATED REAL ESTATE RECOVERY FUND GP, L.P. (RELYING ADVISER), RELATED UBC OPPORTUNITY FUND GP, LLC (RELYING ADVISER), RFM 2SM MANAGING MEMBER LLC (RELYING ADVISER), RFM AFFORDABLE HOUSING FUND GP, L.P. (RELYING ADVISER), RFM CHERRY STREET REIT GP LLC (RELYING ADVISER), RFM CRE GP, LLC (RELYING ADVISER), RFM ISQ CO-INVEST GP LLC (RELYING ADVISER), RFM LEAD SMA INVESTMENT MANAGER LLC (RELYING ADVISER), RFM-NYSCRF AFFORDABLE HOUSING FUND GP, LLC (RELYING ADVISER), RRED GP, LLC (RELYING ADVISER)

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2012 (14 years)

Employees

Total: 69. Performing investment advisory functions: 54.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

Bank of America

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)

3 other offices, as of the April 2026 filing

Boca Raton, FLDallas, TXLos Angeles, CA

States registered or notice-filed

4 states or jurisdictions

CAFLNYTX

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $9,744,255,056 in the October 2021 data and $14,022,715,669 in the October 2026 data, up 44%.

Total employees: 47 in October 2021 and 69 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. April 2026
   • No longer lists the business name Related Energy Focused Real Estate Fund GP, LLC (Relying Adviser).
   • No longer lists the business name Related Energy Focused Feeder GP, LLC (Relying Adviser).
   • No longer lists the business name RFM KJ 2015 GP, LLC (Relying Adviser).
   • No longer lists the business name Recs II GP, Ltd. (Relying Adviser).
   • No longer lists the business name Recs II GP, LLC (Relying Adviser).
   • Added the business name RFM-Nyscrf Affordable Housing Fund GP, LLC (Relying Adviser).
   • Added the business name RFM 2SM Managing Member LLC (Relying Adviser).
   • Added the business name RFM ISQ Co-Invest GP LLC (Relying Adviser).
   • Employees performing advisory functions went from 52 to 54.
   • Changed its office addresses in Dallas, TX.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Not reported.