Philip Bartow Joins RiverNorth To Oversee Marketplace Lending Strategy

RiverNorth Capital Management, LLC (“RiverNorth”), a leading diversified boutique investment management firm specializing in opportunistic strategies, today announced that Philip Bartow has joined the firm as a Portfolio Manager. In his new role, Bartow will work closely with RiverNorth’s Chief Investment Officer, Patrick Galley, to build upon the firm’s existing capabilities and develop its marketplace lending strategy.

Bartow has more than 10 years of experience identifying attractive opportunities in the lending and fixed income markets. Previously, Bartow was a Principal at Spring Hill Capital, where he focused on asset-backed fixed income and real estate debt investments. Bartow began his career within the fixed income division at Lehman Brothers in New York, where he held a variety of roles in the company's mortgage department for six years. Bartow has an MBA from Columbia Business School, with a concentration in Accounting and Finance, and a BA in Economics from Williams College.

"We are thrilled to welcome Philip to RiverNorth as we continue to expand our team, diversify our strategies and identify unique investment opportunities for our clients. Philip is a skilled investment professional with deep expertise in the asset-backed securities sector and he will be an asset as we explore investment strategies related to marketplace lending," said Brian Schmucker, Chief Executive Officer of RiverNorth. "We look forward to collaborating on new and existing opportunities for our investors."

"Today’s markets are changing quickly, and, with the addition of Philip to our team, we are enhancing our ability to strategically evaluate new opportunities, particularly in marketplace lending, to potentially generate returns for our investors," said Patrick Galley, Chief Investment Officer of RiverNorth. "RiverNorth has a 15-year history of finding inefficiencies in the market and creating products that play an important role in investors’ portfolios."

In addition, RiverNorth also announced today that it has added three talented engineers to the company’s software development team supporting RiverNorth’s sophisticated portfolio management team and trading operations.

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About RiverNorth

RiverNorth Capital Management, LLC is a Chicago-based investment management firm founded in 2000. RiverNorth specializes in opportunistic investment strategies. RiverNorth is the investment adviser to RiverNorth Funds and the General Partner of multiple private investment partnerships.

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