Resilient Capital Management, LLC

Resilient Capital Management advises pooled investment vehicles and acts as the investment manager for funds that invest primarily in marinas and marina-related assets, overseeing approximately $326 million in regulatory assets under management. The firm provides discretionary portfolio management and conducts its activities in accordance with each fund’s offering and governing documents.

RCM’s investment process emphasizes site- and sponsor-level diligence—assessing sponsor strength, property condition, entitlement and development costs, operating efficiency and cost of capital—to identify marina real estate and debt opportunities. Its compensation arrangements tie manager economics to realized investment outcomes (performance allocations calculated on realized gains rather than unrealized valuations), which the firm discloses leads it to emphasize property fundamentals and exit discipline.

The firm’s niche focus on marinas—a specialty, relatively illiquid asset class with operational sensitivities such as fluctuating water levels, ground-lease and permit dependencies, and seasonal/weather exposure—distinguishes it from more broadly diversified real-estate managers. RCM also works with an affiliate that may provide property-level asset or property management services and receive separate, property-level compensation, and it has historically not engaged in trading publicly listed securities, concentrating instead on private pooled funds with audited annual financial reporting.