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.