Firm Overview

Firm Profile

RiverNorth is an investment management firm founded in 2000 that specializes in opportunistic strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.

Why RiverNorth?

  • Our People - We believe in a culture that supports the hiring of intelligent and hardworking professionals. The firm empowers each person to make impactful decisions and to take responsibility for those decisions. By design, the organizational structure is extremely flat, which results in a highly collaborative effort across all areas of the firm.
  • Our Technology - We understand that command of data is essential to compete in today's information-driven world, especially within the financial industry, leading us to invest heavily in proprietary technology. With our team of dedicated in-house software engineers, we are continuously building systems to automate processes and increase operational efficiency.
  • Our Strategies - We understand that, ultimately, our strategies are why investors select RiverNorth. We seek to deliver superior risk-adjusted returns by bringing to market unique, opportunistic investment strategies.

Our Investment Philosophy

  • While we believe the broad markets are fairly efficient, we also believe there are certain markets and types of securities that are inefficient.
  • We typically favor under-followed, specialty asset classes and markets where the potential to exploit inefficiencies is greatest.
  • We focus on risk control rather than speculative market timing. We believe it is more prudent and more consistent to protect rather than predict.
  • We avoid macro-forecasting as it is difficult and does not consistently align with capital markets.

Our Team

Company Timeline

Date Milestone
December 2000 Brian Schmucker founded RiverNorth as a traditional investment advisory firm
October 2004 CIO/Portfolio Manager Patrick Galley joined the firm adding closed-end fund expertise
December 2006 Launched flagship fund RiverNorth Core Opportunity Fund
August 2007 Launched long-short CEF Strategy RiverNorth Capital Partners, L.P.
January 2010 Launched long-short CEF Strategy RiverNorth Institutional Partners, L.P.
August 2010 Launched RiverNorth Closed-End Fund Index
December 2010 Launched RiverNorth/DoubleLine Strategic Income Fund
December 2012 Launched RiverNorth/Oaktree High Income Fund
June 2015 Portfolio Manager Philip Bartow joined the firm adding marketplace lending expertise
December 2015 ALPS Advisors, Inc. & RiverNorth launched RiverNorth Opportunities Fund, Inc.
May 2016 Launched RiverNorth Specialty Finance, LLC
September 2016 Launched RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
September 2016 Launched RiverNorth Marketplace Lending Corporation

An investor should consider the investment objective, risks, and charges and expenses of RiverNorth's open-end mutual funds carefully before investing. RiverNorth open-end mutual funds prospectuses contain this and other information about RiverNorth's open-end mutual funds and should be read carefully before investing. An investor can obtain a copy of RiverNorth open-end mutual fund prospectuses at rivernorth.com/literature or by calling 888.848.7569.

RiverNorth Marketplace Lending Corporation's investment objectives, risks, charges and expenses must be considered carefully before investing. The Prospectus and most recent periodic reports contain this and other important information about the investment company, and may be obtained by visiting rivernorth.com/literature or by calling 844.569.4750. Read the Prospectus carefully before investing.

Shares of RiverNorth's open-end mutual funds are distributed by ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, CO 80203 (Member FINRA).

RiverNorth Marketplace Lending Corporation is distributed by Quasar Distributors, LLC.

RiverNorth Capital Management, LLC, ALPS Distributors, Inc., Quasar Distributors, LLC, DoubleLine Capital LP and Oaktree Capital Management, L.P. are not affiliated.

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