# Rialto Capital Management, LLC

> Rialto Capital Management, LLC is an SEC-registered investment advisory firm in Miami, FL, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 6, 2026.

- CRD: 159998
- Filed as: RIALTO CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: July 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159998
- AdvisorCensus page: https://advisorcensus.com/firm/rialto-capital-management-llc-miami-fl-159998

## Quick answers

**How is Rialto Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Rialto Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Rialto Capital Management, LLC located?**
Rialto Capital Management, LLC's principal office is in Miami, FL, according to its Form ADV; the August 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Rialto Capital Management, LLC registered with the SEC or a state?**
Rialto Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 159998.

**How much does Rialto Capital Management, LLC manage?**
Rialto Capital Management, LLC reports $21,734,263,139 in regulatory assets under management in its Form ADV filing dated July 6, 2026 (46% discretionary).

**How have Rialto Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Rialto Capital Management, LLC: Regulatory assets under management: $6,466,134,818 in the October 2021 data and $21,734,263,139 in the October 2026 data, up 236%. Total employees: 60 in October 2021 and 82 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Rialto Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (66).

**Does Rialto Capital Management, LLC report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159998

**What changed in Rialto Capital Management, LLC's recent Form ADV filings?**
In the May 2026 filing data: 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
- Fixed fees (other than subscription fees)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $21,734,263,139
- Discretionary: $9,973,414,555
- Non-discretionary: $11,760,848,584

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 66 | $21,734,263,139 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 82 total, 79 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, GA, MD, NC, NY
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159998

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Atlanta, GA
- New York, NY
- Newport Beach, CA
- Santa Monica, CA

### Websites listed on Form ADV (Item 1.I)
- investors.hines-rialto.com
- investors.rialtocapital.com
- rialtocapital.com
- LinkedIn @RIALTO-CAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,466,134,818 | 60 | March 31, 2021 |
| October 2022 | $9,237,347,004 | 71 | March 31, 2022 |
| October 2023 | $14,926,188,000 | 81 | March 31, 2023 |
| October 2024 | $17,005,084,465 | 94 | March 27, 2024 |
| October 2025 | $18,431,963,951 | 93 | March 28, 2025 |
| October 2026 | $21,734,263,139 | 82 | July 6, 2026 |

Regulatory assets under management: $6,466,134,818 in the October 2021 data and $21,734,263,139 in the October 2026 data, up 236%.
Total employees: 60 in October 2021 and 82 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 89 to 79.
- Regulatory assets under management went from $18,431,963,951 to $21,734,263,139 (+18%).
- No longer lists an office in Bethesda, MD.
- No longer lists an office in Chapel Hill, NC.
- No longer lists an office in Hilversum.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Rialto Capital Management, LLC (CRD 159998): Form ADV filing data as of October 2026.