Regarding Capital Management · est. 2003

Value, held
with conviction.

We buy assets for less than they are worth. That single discipline has carried this business since 2003, through fund management, private capital, and the businesses we now own alongside their managers. Read more about our approach here.

RECM was founded in 2003 by Piet as a traditional third-party fund manager. Jan joined a few years later. As the business grew, several of its activities were better served under their own dedicated management teams. In 2020, the traditional asset management business was merged into what later became Merchant West Investments.

RECM today has skills well beyond third-party fund management in public markets. We invest across the capital structure of companies, private or listed, in any geography or domicile.

We do two things with that capability. We provide differentiated investment opportunities to our fellow investors, and we use our own balance sheet to partner with like-minded businesses in financial services.

Our own capital sits in every platform we manage, alongside our partners'. We are not a manager of other people's money at arm's length; we are investors first, with partners.

Generalists

Freedom and flexibility. We can invest in anything, anywhere, at any time, and the freedom to decline is worth as much as the freedom to act.

Focus

We don't try to be everything to everybody. A small number of pools of capital, each with a specific, non-overlapping mandate.

Partnership

Where we are more than a passive minority, we back management teams that are aligned and capable, and bring oversight and capital allocation discipline.

Business mentality

Comparing opportunities across a wide spectrum, from close proximity to running real businesses, yields insight that screens do not.