RAC announced its intent to utilize the expertise of Rithm Capital Corp. to acquire a private company with strong long-term growth potential in financial services and real estate sectors. This follows RAC's goal to raise $200 million for such acquisitions, specifically targeting opportunities where their management has considerable experience. The company is also exploring digital infrastructure opportunities. Recently, Rithm closed the largest mortgage servicing rights (MSR) debt issuance ever, totaling $878 million. Furthermore, Rithm's recent earnings report showcased a remarkable 57% profit growth in 2024 with a net income of $835 million.
RAC aims to leverage the expertise of Rithm Capital Corp. to acquire a private company with significant long-term growth prospects in financial services and real estate.
With plans to raise $200 million, RAC focuses on companies where Rithm has substantial investment and operational experience, including opportunities in digital infrastructure.
Rithm recently closed the largest-ever mortgage servicing rights (MSR) debt issuance totaling $878 million, marking a significant milestone in MSR securitization.
In 2024, Rithm reported a 57% profit growth, resulting in a net income of $835 million, demonstrating the company's financial strength and growth potential.
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