Clients
Related Fund Management serves 41 clients, 40 of them pooled investment vehicles. The average client has about $342 million with the firm.
- Pooled investment vehicles40 clients100%
- Other1 clients0%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 40 | $13,985,194,132 | 99.7% | $349.6M |
| Other | 1 | $37,521,537 | 0.3% | $37.5M |
| Total | 41 | $14,022,715,669 | 100% | $342.0M |
- Clients
- 40
- Regulatory AUM
- $13,985,194,132
- Share
- 99.7%
- Avg. per client
- $349.6M
- Clients
- 1
- Regulatory AUM
- $37,521,537
- Share
- 0.3%
- Avg. per client
- $37.5M
Total
- Clients
- 41
- Regulatory AUM
- $14,022,715,669
- Share
- 100%
- Avg. per client
- $342.0M
What it does
Related Fund Management provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Related Fund Management advises 40 private funds.
91.8% of assets ($12.87B across 32 accounts) are managed with discretion; $1.15B across 9 accounts are not. 12% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Other100%
- Real estate assets, freddie mac b-piece securitizations, real estate-related debt / preferred equity100%
Custodians
Related Fund Management’s client accounts are held mainly at Bank of America, with 0% of managed assets. Related Fund Management has custody of $14.02B for 41 clients.
- OtherBank of America, All other custodians100%
Ownership and leadership
RFM Holdco LLC owns 75% or more of Related Fund Management.
- Owns 75% or more of Related Fund Management, LLC
RFM Holdco LLC
Control person · since December 2019
- Owns 25% to 50% of RFM Holdco LLC
Sousa Holdings LLC
Control person · since December 2019
- Owns 75% or more of Sousa Holdings LLC
Justin Metz
Control person · since January 2010
- Owns 10% to 25% of Related Fund Management, LLC
Arizona State Retirement System
since December 2019
Leadership
- Jeff BlauExecutive Vice President
- Justin MetzPresident
- Richard O'TooleExecutive Vice President
- James KrausChief Financial Officer
- Suzanne ZachariasChief Compliance Officer
Staff
- 69 employees
- 54 in advisory functions
- 3 broker-dealer reps
- 4 soliciting firms
Fees
Related Fund Management is paid through a percentage of assets under management and performance-based fees.
Related Fund Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Related Fund Management has 3 offices, with 4 listed addresses across 4 states.
California · 1 listed address
- 11661 San Vicente Boulevard, Los Angeles
Florida · 1 listed address
- 5355 Town Center Road, Boca Raton
New York · 1 listed address
- 30 Hudson Yards, 83rd Floor, New YorkHQ
Texas · 1 listed address
- 3001 Maple Avenue, Dallas
Other business names
Related Fund Management has reported 24 other business names to the SEC.
- Nyc Sig Cre23 GP, LLC (relying Adviser)
- RDF IV GP, LLC (relying Adviser)
- RDF Wam GP, LLC (relying Adviser)
- RFM 2sm Managing Member LLC (relying Adviser)
- RFM Affordable Housing Fund GP, L.P. (relying Adviser)
- RFM Cherry Street Reit GP LLC (relying Adviser)
- RFM Cre GP, LLC (relying Adviser)
- RFM Isq Co-Invest GP LLC (relying Adviser)
- RFM Lead Sma Investment Manager LLC (relying Adviser)
- RFM-Nyscrf Affordable Housing Fund GP, LLC (relying Adviser)
- Related Opportunities Co-Invest W GP, LLC
- Related Real Estate Fund II (feeder) GP, L.P. (relying Adviser)
- Related Real Estate Fund II GP, L.P. (relying Adviser)
- Related Real Estate Fund III (jersey Feeder) GP, LLC (relying Adviser)
- Related Real Estate Fund III GP, L.P. (relying Adviser)
- Related Real Estate Fund IV (jersey Feeder) GP, LLC (relying Adviser)
- Related Real Estate Fund IV GP, L.P. (relying Adviser)
- Related Real Estate Opportunity Zone Partners GP III, LLC (relying Adviser)
- Related Real Estate Opportunity Zone Partners GP, LP (relying Adviser)
- Related Real Estate Opportunity Zone Partners II GP, LP (relying Adviser)
- Related Real Estate Recovery Fund GP (feeder) Limited (relying Adviser)
- Related Real Estate Recovery Fund GP, L.P. (relying Adviser)
- Related Ubc Opportunity Fund GP, LLC (relying Adviser)
- Rred GP, LLC (relying Adviser)
Registration details
- Legal name
- Related Fund Management, LLC
- Headquarters
- 30 Hudson Yards, 83rd Floor, New York, NY 10001
- Phone
- 212-801-1000
- Website
- Not reported
- SEC file
- 801-74288
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Related Fund Management have?
Related Fund Management has 41 clients and manages $14 billion for them, as of March 2026. They include 40 pooled investment vehicles and 1 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Related Fund Management offer?
Related Fund Management provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Related Fund Management use?
Related Fund Management’s separately managed account assets are held at Bank of America (New York, NY), with $40,334,540. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Related Fund Management have?
Related Fund Management has 0 investment adviser representatives registered with state securities authorities, out of 69 employees, and 54 perform investment advisory functions. 3 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Related Fund Management invest in?
At the end of its last fiscal year, Related Fund Management’s separately managed accounts held 100% real estate assets, freddie mac b-piece securitizations, real estate-related debt / preferred equity. It advises 40 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Related Fund Management?
Related Fund Management is owned through a chain of holding companies by Justin Metz. Its direct owners are RFM Holdco LLC (75% or more) and Arizona State Retirement System (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Related Fund Management get paid?
Related Fund Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file