Over the past decade, RMWC’s investment team has successfully designed and executed private credit strategies matched to evolving market realities. We seek to generate compelling returns while protecting capital throughout the credit cycle by disciplined risk management.
Our Investment Team works collaboratively and with select investment partners to identify and develop differentiated private credit and event-driven opportunities.
RMWC is an SEC Registered Investment Advisor.
We Are
Led by Chief Investment Officer and Chief Executive Officer, Coleman Andrews, a Co-Founding Partner of Bain Capital, RMWC’s investment team offers significant experience in private credit investing. Our founding investment team has worked together on hundreds of discrete transactions since inception, sharing a core belief that rigorous, disciplined underwriting is essential to investment success. We have funded more than 250 loans over the past 6 years, with no realized losses.
We believe our investors derive benefit from our culture carefully built to generate superior risk and return performance, our smaller scale, and our independent ownership. At the same time, our investment advisory resources and investment processes rival those of substantially larger firms.
Our agility in approaching transactions serves our investors well, as nimbleness, speed or certainty of transaction, and structuring flexibility are particularly valued and preferred by our borrowing partners in the private credit, direct lending segment.
We pride ourselves on our culture of humility, collaboration characterized by open, honest, and direct communication, and a zeal for constant learning and evolution. This spirit of collaboration extends to our network of key advisors, industry professionals and partners, who collectively provide expansive access to investing opportunities.
Ingrained from Coleman’s years and training at Bain Capital, a pre-eminent private equity firm, and at Bain & Company, a global distinguished consulting firm, our commitment to due diligence and analysis permeates all aspects of how we approach our business.
In credit, sound underwriting is always of primary importance. We never lose sight of the crucial underwriting question: “Whatever happens, how do we get our principal back?” Performance differences between sound underwriters and mediocre ones are oftentimes dramatic over the course of a credit cycle. We are known for relentless effort when it comes to data gathering, analysis, leveraging our networks to mine additional insights, and mapping out downside scenarios.
We are wired to do many things with few partners rather than few things with many partners. We seek partners looking to grow with us and develop meaningful relationships over the long term. 20% of Firm AUM is owner and principal capital, aligning the interests of the General Partner with that of our clients.
Strategic Thinkers
We believe senior, performing, short-term credit backed by an abundance of hard collateral can provide attractive risk-mitigated returns in a post- Zero Interest Rate Policy environment as rates normalize or when credit markets experience the likely shocks and surprises along the way.
Why this sector? Why now?
A mix of regulatory changes and market reactions have intersected to create opportunities where certain segments of private credit can provide investors with effective protection against the punishing effects of rising interest rates. These same segments can also deliver diversification benefits bundled with attractive risk/return metrics.
Our Perspectives
Which Inning Are We In?
A closer look at where we are in the real estate lending cycle in two distinctly different segments.
Please email us if you’d like to receive a copy of this RMWC Direct Lending Perspectives.
5-Year Anniversary: Accomplishments and Lessons Learned
A look back at our 5-year investment scorecard and what we’ve learned about maintaining discipline and managing risk.
Please email us if you’d like to receive a copy of this RMWC Direct Lending Perspectives.
And Collaborators
Our organizational culture supports dynamic team collaboration and efficient decision-making. We encourage each other to challenge ideas, and value varying viewpoints with a shared goal to yield optimal results. Since our Firm’s founding in 2008, our two key investment principals have worked together on every one of the loan transactions that we have initiated in the direct lending arena.
RMWC’s differentiated approach to credit investing is designed to provide
yield replacement, current income, strong downside protection, and diversification.
Focused on Credit Opportunities
RMWC has a focused, differentiated approach to yield replacement, investing primarily in short-term, first lien, low loan-to-value Secured Bridge Loans to seasoned real estate equity sponsors.
This is not “drive-by investing”. We focus our effort where we can convert effective research effort into proprietary insight; and where our enhanced capabilities to understand complexity may provide an edge for capturing potential returns.
Separately, we invest in other smaller private credit sectors, primarily concentrated on strategies where risk-adjusted returns may be substantially higher than in larger, traditional fixed income sectors. These allocations are adjusted opportunistically over the life of the credit cycle.
We leverage the infrastructure honed over the past ten years for originating, underwriting, investing in, monitoring, and harvesting differentiated credit and event-driven opportunities.
Loan Programs
Since 2011, RMWC has participated in more than 140 transactions for borrowers seeking short-term, secured bridge loans, typically on operating real estate properties. Borrowers value RMWC’s goal of providing speed of decision-making and reliability in closing.
Typical Terms & Conditions:
- Loan Size Up to $25 Million
- Low Loan-to-Value Up to 65% of assessed value
- Loan-to-Cost Up to 80% of cost
- Term Up to 24 months
- Collateral Real estate properties including:
- Multi-family
- Mixed Use
- Residential
- Land
RMWC loans in most major metropolitan areas in the United States.