Steeprock Capital

SteepRock Capital II LLC, founded in August 2014, is a private real estate advisory and asset management firm specializing in mezzanine loans, subordinate debt, and mortgages on institutional quality real estate assets. The firm offers non-discretionary advisory services to select institutional clients and discretionary services to the SteepRock Real Estate Yield Investors, LLC. SteepRock tailors its services to clients' investment objectives and restrictions, primarily focusing on real estate investments. The firm manages approximately $2.123 billion in regulatory assets under management, with $1.935 billion managed on a non-discretionary basis as of December 31, 2024. For the Pooled Investment Vehicle, SteepRock charges a management fee based on performing book value, while for Insurance Companies and Joint Venture Vehicles, fees are based on assets under management or specific agreements. SteepRock does not participate in wrap fee programs and discloses all fees and expenses related to client accounts. The firm's investment strategies involve real estate mezzanine loans, mortgages, and other real estate investments, with a focus on long-term risk-adjusted returns. SteepRock's investment philosophy includes fundamental analysis and risk assessment to achieve investment objectives. SteepRock does not have discretionary authority for all client accounts, except for the Pooled Investment Vehicle. The firm follows a strict Code of Ethics, ensuring that client interests are prioritized. SteepRock does not engage in soft dollar arrangements or client referral compensation practices. The firm complies with custody rules, ensuring client assets are held with qualified custodians and providing regular account statements. Additionally, SteepRock does not vote client securities but has procedures in place if the need arises. The firm has no financial conditions impairing its ability to meet client commitments.