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Adviser Profile

As of Date 03/31/2024
Adviser Type - Large advisory firm
Number of Employees 15 -11.76%
of those in investment advisory functions 12
Registration SEC, Approved, 9/26/2012
AUM* 1,141,714,000 -6.79%
of that, discretionary 1,141,714,000 -6.79%
Private Fund GAV* 689,937,000 -4.31%
Avg Account Size 81,551,000 -0.13%
SMA’s Yes
Private Funds 9 2
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Insurance companies

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 879M 586M 293M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeReal Estate Fund Count9 GAV$689,937,000

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Brochure Summary

Overview

RCG Longview Management, LLC (the “Adviser,” “RCG,” “us” or “we”) is a Delaware limited liability company formed on July 23, 2012. The Adviser provides discretionary investment management services to both private funds that are offered to investors on a private placement basis (each, a “Fund” and collectively, the “Funds”) and to individual separately managed accounts (each, an “SMA” and with the Funds, collectively the “Client” or “Clients”). The Adviser provides investment management and administrative services to the Clients, including, but not limited to, investigating, analyzing, structuring, and negotiating potential investments, actively monitoring the performance of a respective Client’s portfolio investments and advising Clients as to disposition opportunities. The Clients invest in real estate and real estate-related assets, including debt and debt-like securities and/or equity interests or equity-oriented interests. All Funds advised by the Adviser are closed to new investors. The investment committees of Funds and SMAs managed by the Adviser are comprised of certain voting and non-voting persons (either by the following individuals or controlled entities thereof, which are represented by the individuals), currently including Michael Boxer, Richard Gorsky, David Rabin, Gregory Stevens, and Jonathan Estreich. One investment committee member, namely Jonathan Estreich, is not a supervisory person of the Adviser, but instead maintains (either directly or through controlled entities) legacy interests in certain general partners to existing Funds managed by the Adviser. RCG is affiliated with the following entities, some of which serve as the general partner or manager to certain Funds advised by the Adviser: CenterSquare Investment Management LLC (as well as its owners, as further described in this Item 4); RCG LPP II GP, LLC; RCG Flats Manager, LLC; RCG MFI Partners, LLC; RCG Longview Debt Fund VI Partners, LLC; RCG LPP III GP, LLC; Ferro Steele LLC; and River Run Advisors LLC. Any and all determinations, decisions, consents or other duties or actions to be described in a Fund’s respective limited partnership agreement or operating agreement (each referred to herein as an “LPA” and collectively as “LPAs”) as being the determinations, decisions, consents, duties or actions of such general partner or manager may be performed by the Adviser in such capacity. The Adviser’s investment advice is tailored to the individual needs of each Client in accordance with the investment objectives, strategies and limitations (if any) in each Client’s LPA or in the case of an SMA, its investment management agreement (“IMA”). Client LPAs and IMAs are collectively referred to herein as “Offering Documents.” Unless otherwise noted as only applicable to an LPA or an IMA, this brochure generally includes information about the Adviser and its relationships with all its Clients and affiliates. The real estate focused investment strategies pursued by the Adviser can include investments in debt and debt-like securities and/or equity interests or equity-oriented interests. These securities are represented by, but not limited to, short term senior mortgage loans, junior mortgage loans and mezzanine loans, preferred equity investments and participating loans, interests, direct or indirect, in or relating to single or multiple real estate properties or assets, pools or portfolios of real estate properties or assets, joint ventures or other partial interests or rights in real estate properties or assets, all as more fully described in a Client’s Offering Documents. Investment restrictions on the management of Client accounts are stated in their respective Offering Documents, if applicable. Unless the Client is an SMA, investment advisory services provided by the Adviser are not tailored to the individualized needs of any particular investor. The descriptions of advisory services set forth in this brochure should not be understood to limit in any way the Adviser’s investment activities on behalf of its Clients. The Adviser has full discretionary authority with respect to investment decisions made on behalf of its Clients. The Adviser may offer any advisory
services, engage in any investment strategy and make any investment, including any not described in this brochure, that the Adviser considers appropriate, subject to each Client’s investment objectives and guidelines. The investment strategies the Adviser pursues are speculative and entail substantial risks. Clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any Client will be achieved. As a general matter, the Funds are organized as Delaware limited partnerships or limited liability companies. Certain Funds and SMAs participate in structures comprised of parallel funds and accounts, which generally invest in assets side-by-side on a pro-rata, pari-passu basis (based upon capital commitments or other agreed upon methodology) with the other Funds. The Adviser can also provide investors with the opportunity to participate in a co-investment with a particular Fund. The capital commitments associated with a co-investment vary with each investment opportunity. This brochure generally includes information about the Adviser and its relationships with its Clients and affiliates. While much of this brochure applies to all such Clients and affiliates, certain information included herein applies to specific Clients or affiliates only. This brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The Adviser does not participate as a manager in any wrap fee programs. The Adviser is wholly owned by CenterSquare Investment Management LLC (“CenterSquare”), which is likewise registered with the U.S. Securities and Exchange Commission (the “SEC”) as an investment adviser. By way of background, on September 30, 2019, CenterSquare acquired all ownership interests of the Adviser (other than with respect to certain membership interests related to rights of Performance Compensation defined in Item 5 below), while keeping the executive management team of the Adviser intact. At the time of acquisition, the Adviser’s Executive Officers and other employees became employees of CenterSquare with responsibility for managing CenterSquare’s private real estate debt investment platform. The Adviser continues to manage its legacy discretionary investment management services provided to private funds that are offered to investors on a private placement basis and to individual separately managed accounts. CenterSquare is wholly owned by CenterSquare Investment Management Holdings LLC (“CenterSquare Holdings”). Funds managed by a subsidiary of Lovell Minnick Partners LLC (“Lovell”), a private equity firm, along with a co-investor, own a majority ownership interest in CenterSquare Holdings. CenterSquare Management Equity Holdings LLC (“CSME”) also has primary ownership which is owned and controlled by certain executive officers of CenterSquare (“Executive Officers”). Certain other employees of CenterSquare have also invested in CSME. As a result of the allocation of profit interests, CSME has a significant ongoing economic interest in CenterSquare Holdings which is in excess of its ownership interest based on capital invested. The Executive Officers of CenterSquare control the day-to-day operations of CenterSquare. CenterSquare, formerly CSIM Investment Management LLC, was organized and formed in September 2017. Other minority interests in CenterSquare Holdings are held by certain former employees, officers, and affiliates of RCG, an independent director appointed by Lovell, and CenterSquare’s third- party lender. Further information about CenterSquare can also be found in CenterSquare’s Form ADV which is available on the SEC’s Investment Adviser Public Disclosure website located at www.adviserinfo.sec.gov. As of December 31, 2023, the Adviser’s regulatory assets under management were approximately $1,141,714,000 representing Clients’ gross assets (at fair value) plus other adjustments including uncalled commitments as of that date. This calculation is based on estimated and unaudited information and are therefore subject to change. The Adviser does not currently manage any non-discretionary Client assets.