{"url":"https://nivawealth.com/firms/related-fund-management-156543","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/156543","regulatoryAum":14022715669,"crd":"156543","secFileNumber":"801-74288","legalName":"Related Fund Management, LLC","displayName":"Related Fund Management","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"30 Hudson Yards, 83rd Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10001"},"tradeNames":["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":{"secApproved":"30 March 2012","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":69,"advisory":54,"brokerDealerReps":3,"insuranceAgents":0,"promoters":4},"aum":{"discretionary":12868039403,"discretionaryAccounts":32,"nonDiscretionary":1154676266,"nonDiscretionaryAccounts":9,"wrapProgram":null,"nonUsClientsPct":12,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":40,"regulatoryAum":13985194132},{"label":"Other","clients":1,"regulatoryAum":37521537}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Bank of America","shortName":"Bank of America","location":"New York, NY","smaAssets":40334540}],"custodyNote":"Related Fund Management has custody of $14.02B for 41 clients.","otherCustodians":[],"leadership":[{"name":"Jeff Blau","title":"Executive Vice President","crd":"6028925"},{"name":"Justin Metz","title":"President","crd":"2782877"},{"name":"Richard O'Toole","title":"Executive Vice President","crd":"6028930"},{"name":"James Kraus","title":"Chief Financial Officer","crd":"4502186"},{"name":"Suzanne Zacharias","title":"Chief Compliance Officer","crd":"4735747"}],"ownership":[{"label":"RFM Holdco LLC","detail":"Managing member in the 75% or more ownership band and a control person, since December 2019."},{"label":"Arizona State Retirement System","detail":"Member in the 10% to 25% ownership band, since December 2019."},{"label":"Justin Metz","detail":"Indirect owner: a member of Sousa Holdings LLC in the 75% or more band and a control person, since January 2010.","parent":"Sousa Holdings LLC"},{"label":"Sousa Holdings LLC","detail":"Indirect owner: a member of RFM Holdco LLC in the 25% to 50% band and a control person, since December 2019.","parent":"RFM Holdco LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":0},"listedOfficeAddresses":4,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"11661 San Vicente Boulevard","city":"Los Angeles"}]},{"state":"Florida","offices":1,"addresses":[{"street":"5355 Town Center Road","city":"Boca Raton"}]},{"state":"New York","offices":1,"addresses":[{"street":"30 Hudson Yards, 83rd Floor","city":"New York","headquarters":true}]},{"state":"Texas","offices":1,"addresses":[{"street":"3001 Maple Avenue","city":"Dallas"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-801-1000","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Other","percent":100,"detail":"Real Estate Assets,  Freddie Mac B-Piece Securitizations, Real Estate-Related Debt / Preferred Equity"}],"privateFunds":40},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/156543/PDF/156543.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Related Fund Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Related Fund Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Related Fund Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Related Fund Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Related Fund Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Related Fund Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Related Fund Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}