# Resource Capital Funds

> Resource Capital Funds is an SEC-registered investment advisory firm in Denver, CO, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 161007
- Filed as: RESOURCE CAPITAL FUNDS
- Legal name: RCF Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Denver, CO
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161007
- AdvisorCensus page: https://advisorcensus.com/firm/resource-capital-funds-denver-co-161007

## Quick answers

**How is Resource Capital Funds compensated?**
On its Form ADV (Item 5.E, October 2026), Resource Capital Funds reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.

**How much does Resource Capital Funds charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Resource Capital Funds located?**
Resource Capital Funds' principal office is in Denver, CO, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Resource Capital Funds registered with the SEC or a state?**
Resource Capital Funds is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161007.

**How much does Resource Capital Funds manage?**
Resource Capital Funds reports $1,757,000,045 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Resource Capital Funds' assets and staff changed since 2021?**
In the Form ADV data for Resource Capital Funds: Regulatory assets under management: $2,314,018,000 in the October 2021 data and $1,757,000,045 in the October 2026 data, down 24%. Total employees: 48 in October 2021 and 49 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Resource Capital Funds serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12); state or municipal government entities (including government pension plans) (1); other investment advisers (1).

**Does Resource Capital Funds report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/161007

**What changed in Resource Capital Funds' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 43 to 25. Changed its office addresses in Vitacura Santiago. Added an office in London. No longer lists an office in Jericho, NY. No longer lists an office in St. James'S London. No longer lists an office in Toronto. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 1% to 2% a year (a range, as the brochure states it)

> Generally, each Private Equity RCF Fund pays a management fee to the Advisor quarterly, in advance, out of the assets of the Private Equity RCF Fund. The management fee varies depending on the Private Equity RCF Fund and ranges from 1.0% to 2.0% per annum.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $1,757,000,045
- Discretionary: $1,757,000,045
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $1,681,920,471 |
| State or municipal government entities (including government pension plans) | 1 | $23,192,535 |
| Other investment advisers | 1 | $18,373,679 |
| Sovereign wealth funds and foreign official institutions | 1 | $33,513,360 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2012 (14 years)
- Employees: 49 total, 25 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- London
- Vitacura Santiago
- West Perth

### Websites listed on Form ADV (Item 1.I)
- [resourcecapitalfunds.com](https://resourcecapitalfunds.com)
- LinkedIn @121882

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,314,018,000 | 48 | March 31, 2021 |
| October 2022 | $2,537,000,000 | 44 | September 21, 2022 |
| October 2023 | $2,687,838,210 | 91 | August 24, 2023 |
| October 2024 | $2,271,096,539 | 93 | June 18, 2024 |
| October 2025 | $1,834,000,000 | 90 | June 26, 2025 |
| October 2026 | $1,757,000,045 | 49 | March 31, 2026 |

Regulatory assets under management: $2,314,018,000 in the October 2021 data and $1,757,000,045 in the October 2026 data, down 24%.
Total employees: 48 in October 2021 and 49 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 43 to 25.
- Changed its office addresses in Vitacura Santiago.
- Added an office in London.
- No longer lists an office in Jericho, NY.
- No longer lists an office in St. James'S London.
- No longer lists an office in Toronto.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Resource Capital Funds (CRD 161007): Form ADV filing data as of October 2026.