RCS Capital Corporation’s (RCAP) wholesale broker-dealer subsidiaries, Realty Capital Securities, SC Distributors, The Hatteras Funds raised approximately USD457 million of total equity capital in the month of April.
Through its diverse product platform and capital raising ability, RCS Capital continues to maintain an industry leading position as a provider of direct investment programs. Sales of direct investment programs in April totalled nearly USD430 million, which marks another significant month for the wholesale distribution segment and represents an 85 per cent increase over November 2014 sales. Total equity capital raised of USD457 million represents a 75 per cent increase over November 2014 sales.
During March and April, three Realty Capital Securities distributed non-traded REIT programs – American Realty Capital Trust Global, (to be renamed Global Net Lease, Inc), American Realty Capital Trust V, (to be renamed American Finance Trust), and American Realty Capital Healthcare Trust II, (to be renamed Healthcare Trust) – announced their intentions to list on a national stock exchange during the second and third quarters of 2015. Also during the month of April, one Realty Capital Securities distributed program, Business Development Corporation of America, successfully closed its offering with over USD1.85 billion in equity capital raised since inception. Two additional programs have publicly announced that they expect to close to new investments by July 2015.
Bill Dwyer, Chief Executive Officer of Realty Capital Securities, stated, "With another solid month of sales, near-term program closings, and the first of a series of announced liquidity events expected to take place this month, we remain confident in our ability to capitalize on positive trends in the alternative investment industry. Our outlook for 2015 remains strong as we expect liquidity events to act as additional catalysts for growth."
RCS Capital also announced today that industry veteran Steven Neamtz has joined the company as National Sales Manager for Realty Capital Securities. Neamtz has 32 years of distribution experience and brings to the company a complementary background that includes retail brokerage, wholesaling, product development, as well as extensive experience with both alternative and traditional investment products. Prior to joining Realty Capital Securities, Neamtz was president and chief executive officer of Convexcel Asset Management and Vest Financial, in addition to having held senior leadership and executive management roles with American International Group, (AIG) and Natixis. Neamtz holds a bachelor's degree in Marketing and Finance from Pennsylvania State University.
"We are pleased to welcome Steve to our team," says Bill Dwyer. "He is a well-respected and proven business leader who has achieved tremendous success with a diverse mix of products in the financial services industry, helping companies grow their respective distribution capabilities. We are confident that Realty Capital Securities will benefit from his broad experience in building great sales organizations and his extensive background as we continue to expand as a leading provider of alternative investment solutions."