# RRA Capital

> RRA Capital is an SEC-registered investment advisory firm in Phoenix, AZ, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 306287
- Filed as: RRA CAPITAL
- Legal name: RRA Investment Management, LLC
- Also doing business as: RRA CAPITAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Phoenix, AZ
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/306287
- AdvisorCensus page: https://advisorcensus.com/firm/rra-capital-phoenix-az-306287

## Quick answers

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

**Where is RRA Capital located?**
RRA Capital's principal office is in Phoenix, AZ, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is RRA Capital registered with the SEC or a state?**
RRA Capital is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 306287.

**How much does RRA Capital manage?**
RRA Capital reports $663,255,513 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have RRA Capital's assets and staff changed since 2021?**
In the Form ADV data for RRA Capital: Regulatory assets under management: $217,996,741 in the October 2021 data and $663,255,513 in the October 2026 data, up 204%. Total employees: 20 in October 2021 and 31 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does RRA Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does RRA Capital 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/306287

**What changed in RRA Capital's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 22 to 23. Regulatory assets under management went from $593,286,054 to $663,255,513 (+12%). 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

### Regulatory assets under management (Item 5.F)
- Total: $663,255,513
- Discretionary: $663,255,513
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $663,255,513 |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 31 total, 23 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, NY
- 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
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- open.spotify.com/show/3m9RABrxwWIDAzqaLpyjq8
- podcasts.apple.com/us/podcast/boots-on-the-ground/id1886748817
- rracapital.com
- rraconsulting.net
- Facebook @RRACapitalCRE
- Instagram @rracapital
- LinkedIn @rra-capital
- X @RRAcapitalcre
- YouTube @RRACapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $217,996,741 | 20 | June 27, 2021 |
| October 2022 | $249,846,097 | 23 | March 30, 2022 |
| October 2023 | $345,232,252 | 22 | May 8, 2023 |
| October 2024 | $432,818,873 | 25 | March 29, 2024 |
| October 2025 | $593,286,054 | 27 | March 31, 2025 |
| October 2026 | $663,255,513 | 31 | March 31, 2026 |

Regulatory assets under management: $217,996,741 in the October 2021 data and $663,255,513 in the October 2026 data, up 204%.
Total employees: 20 in October 2021 and 31 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 22 to 23.
- Regulatory assets under management went from $593,286,054 to $663,255,513 (+12%).
- Updated its list of owners and control persons (Schedule A).

### November 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. RRA Capital (CRD 306287): Form ADV filing data as of October 2026.