RiverPark Funds
RiverPark Funds is a privately held, employee-owned New York-based investment manager founded in 2006, managing over $1 billion in assets across equity mutual funds, fixed income funds, and venture capital vehicles for U.S. retail and institutional investors through direct sales, institutional business development, and SEI Investments Distribution Co.
- Company typePrivate
- Founded2006
- HeadquartersKansas City, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What RiverPark Funds does
RiverPark Funds is a privately held, employee-majority-owned investment management firm founded in 2006 and headquartered at 156 West 56th Street in New York City, operating through RiverPark Advisors, LLC and its affiliated investment advisers. The firm manages over $1 billion in assets under management as of March 31, 2026, across a diversified family of seven mutual funds spanning equity strategies (RiverPark Long/Short Opportunity, RiverPark Large Growth, Wedgewood, RiverPark/Next Century Growth, RiverPark/Next Century Large Growth), fixed income strategies (RiverPark Short Term High Yield, RiverPark Floating Rate CMBS), and a series of venture capital funds (Ventures I-IV plus Partners). RiverPark generates revenue through recurring management fees charged on these funds, with expense ratios ranging from approximately 0.85% to 2.00% depending on strategy and share class, partially offset by contractual fee waivers and expense reimbursements in place through at least January 31, 2027.
The firm's product strategy combines internally managed strategies with sub-advisory partnerships: Wedgewood Partners sub-advises the focused large-cap growth Wedgewood Fund; CrossingBridge Advisors sub-advises the fixed income funds; and Next Century Growth Investors sub-advises the two Next Century-branded equity funds. Distribution is multi-channel, with SEI Investments Distribution Co. acting as principal underwriter, direct-to-consumer sales through the firm's website and an investor services line (888-564-4517), and a dedicated institutional business development team led by Head of Institutional Business Development David Sultan and CMO Matt Kelly. Customer segments span U.S. retail investors and institutional allocators such as endowments, foundations, and pension funds, with services restricted to persons in the United States.
The investment approach is explicitly research-driven and fundamental, with no proprietary technology platform disclosed; differentiation rests on experienced portfolio managers (notably CEO Morty Schaja and CIO Mitch Rubin, both alumni of Baron Capital) and on long-term, employee-aligned ownership, with portfolio managers and employees collectively holding over $25 million in the firm's own strategies. The firm has executed a steady cadence of product launches — including two new sub-advised growth funds in 2023 and 2024, a new venture capital vintage in 2022, and the launch of RiverPark Partners in January 2025 — while maintaining contractual fee waivers and a deliberately small employee base, consistent with a focused boutique operating model.
RiverPark Funds firmographics
Firmographics- Name
- RiverPark Funds
- Legal name
- RiverPark Advisors, LLC
- Website
- https://riverparkfunds.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- RiverPark Funds is a privately held, employee-owned New York-based investment manager founded in 2006, managing over $1 billion in assets across equity mutual funds, fixed income funds, and venture capital vehicles for U.S. retail and institutional investors through direct sales, institutional business development, and SEI Investments Distribution Co.
- Ownership category
- akta.pro rank
RiverPark Funds industry classification
Industry- Product category
- Investment Management
- NAICS
- Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282), Asset-Backed Securities (6189)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
Keywords
Where RiverPark Funds is headquartered
LocationHeadquarters
- HQ city
- Kansas City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
RiverPark Funds business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Investment Management Fees: RiverPark generates revenue through management fees charged on its family of mutual funds. The firm manages over $1 billion in assets under management (as of March 31, 2026) across equity funds (Long/Short Opportunity, Large Growth, Next Century Growth, Next Century Large Growth, Wedgewood), fixed income funds (Short Term High Yield, Floating Rate CMBS), and venture capital funds (Ventures I-IV, Partners).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | RiverPark Long/Short Opportunity Fund - Institutional (RLSIX): 1.85% net expense ratio, Retail (RLSFX): 2.00% net expense ratio |
| Subscription | Annual | RiverPark Large Growth Fund - Institutional (RPXIX): 1.00% net expense ratio, Retail (RPXFX): 1.25% net expense ratio |
| Subscription | Annual | RiverPark/Next Century Growth Fund - Institutional (RPNIX): 1.15% net expense ratio, Retail (RPNCX): 1.40% net expense ratio |
| Subscription | Annual | RiverPark/Next Century Large Growth Fund - Institutional (RPNLX): 1.00% net expense ratio, Retail (RPNRX): 1.25% net expense ratio |
| Subscription | Annual | Wedgewood Fund - Institutional (RWGIX): 1.00% net expense ratio, Retail (RWGFX): 1.25% net expense ratio |
| Subscription | Annual | RiverPark Short Term High Yield Fund - Institutional (RPHIX): 0.96% gross expense ratio, Retail (RPHYX): 1.24% gross expense ratio |
| Subscription | Annual | RiverPark Floating Rate CMBS Fund - Institutional (RCRIX): 0.85% net expense ratio, Retail (RCRFX): 1.25% net expense ratio |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
RiverPark Funds product offering
Product offeringCore offering
RiverPark Funds is a financial services group that manages a diversified family of mutual funds and venture capital funds spanning equity, fixed income, and venture capital strategies. The firm manages over $1 billion in assets under management as of March 31, 2026, offering funds such as the Long/Short Opportunity, Large Growth, Next Century Growth, Wedgewood (equity), Short Term High Yield, Floating Rate CMBS (fixed income), and Ventures I-IV and Partners (venture capital). Some funds are sub-advised by specialized partners including Wedgewood Partners, CrossingBridge Advisors, and Next Century Growth Investors.
Product overview
RiverPark Funds is a financial services group offering a diversified family of mutual funds and venture capital funds. The fund family includes equity funds (RiverPark Long/Short Opportunity Fund, RiverPark Large Growth Fund, Wedgewood Fund, RiverPark/Next Century Growth Fund, RiverPark/Next Century Large Growth Fund), fixed income funds (RiverPark Short Term High Yield Fund, RiverPark Floating Rate CMBS Fund), and venture capital funds (RiverPark Ventures I-IV, L.P.). Some funds are sub-advised by specialized partners including Wedgewood Partners (large-cap growth), CrossingBridge Advisors (high yield fixed income), and Next Century Growth Investors (small-cap and large-cap growth). The funds are distributed by SEI Investments Distribution Co. and are available to U.S. investors through institutional and retail share classes.
Differentiator
Problem solved
Functional benefit
Products and services
- RiverPark Long/Short Opportunity Fund An opportunistic long/short investment fund seeking long-term capital appreciation while managing downside volatility by investing long in equity securities with above-average growth prospects and selling short competitively disadvantaged securities. Available in Institutional (RLSIX) and Retail (RLSFX) share classes.
- RiverPark Large Growth Fund A large capitalization equity fund investing in securities of companies in excess of $5 billion, seeking long-term capital appreciation with a value orientation toward growth. Available in Institutional (RPXIX) and Retail (RPXFX) share classes.
- Wedgewood Fund A focused equity fund with approximately 20 holdings investing in large capitalization companies with above-average growth prospects, sub-advised by Wedgewood Partners, Inc. Available in Institutional (RWGIX) and Retail (RWGFX) share classes.
- RiverPark Short Term High Yield Fund A fixed income fund investing in high yield bonds with effective maturity of less than three years, focusing on short-term high yield securities where credit ratings may not accurately reflect creditworthiness, sub-advised by CrossingBridge Advisors, LLC. Available in Institutional (RPHIX) and Retail (RPHYX) share classes.
- RiverPark Floating Rate CMBS Fund A fund investing predominantly in floating rate commercial mortgage backed securities secured by income-producing commercial real estate assets, seeking current income and capital appreciation with limited credit and interest rate risk. Available in Institutional (RCRIX) and Retail (RCRFX) share classes.
- RiverPark/Next Century Growth Fund A small-cap growth fund investing in the fastest growing and highest quality small cap companies, employing a bottom-up approach through fundamental analysis, sub-advised by Next Century Growth Investors, LLC. Available in Institutional (RPNIX) and Retail (RPNCX) share classes.
- RiverPark/Next Century Large Growth Fund A large-cap growth fund investing in the fastest growing and highest quality large cap companies, employing a bottom-up fundamental analysis approach, sub-advised by Next Century Growth Investors, LLC. Available in Institutional (RPNLX) and Retail (RPNRX) share classes.
- RiverPark Ventures Funds Venture capital funds (Ventures I, II, III, and IV, L.P., and Partners) making investments in high growth, early stage businesses with significant opportunities to create leadership positions in their industries.
Companies that use RiverPark Funds
Customer profileSegments2 records
Ideal customer profiles2 records
RiverPark Funds technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
RiverPark Funds partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- SEI Investments Distribution Co.coreSEI Investments Distribution Co. serves as the principal underwriter and distributor for RiverPark Funds. SEI is not affiliated with RiverPark Advisors, LLC or its affiliated investment advisers including Wedgewood Partners, CrossingBridge Advisors, LLC, Next Century Growth Investors, LLC, or their affiliates.
- Wedgewood Partners, Inc.coreWedgewood Partners serves as sub-adviser to the Wedgewood Fund, a focused large-cap growth fund with approximately 20 holdings. Based in St. Louis, Missouri, Wedgewood Partners has managed assets since 1992 and is led by David A. Rolfe, CFA as Chief Investment Officer.
- CrossingBridge Advisors, LLCcoreCrossingBridge Advisors, LLC of Pleasantville, New York serves as sub-adviser to the RiverPark Short Term High Yield Fund and RiverPark Floating Rate CMBS Fund. Founded by David K. Sherman in 2016, CrossingBridge focuses on short-term high yield securities and floating rate instruments.
- Next Century Growth Investors, LLCcoreNext Century Growth Investors, LLC (NCG), an independent investment firm located in Minneapolis, MN, serves as sub-adviser to the RiverPark/Next Century Growth Fund and RiverPark/Next Century Large Growth Fund. NCG employs a bottom-up approach focusing on fastest growing and highest quality companies.
Scale indicators4 records
Recent moves19 records
Expansion highlights5 records
RiverPark Funds competitors and assessment
Company assessmentDirect peers
- Alger: Alger is a closely comparable boutique growth-oriented asset manager offering equity mutual funds and institutional separate accounts with research-driven strategies targeting long-term capital appreciation. Similar boutique profile, growth orientation, and retail/institutional dual distribution model.
- CrossingBridge Advisors: CrossingBridge Advisors is the sub-adviser to RiverPark's Short Term High Yield and Floating Rate CMBS funds. Founded by David Sherman in 2016 and focused on short-duration high yield and CMBS, CrossingBridge is a directly comparable peer in credit/fixed income specialty strategies and represents a similar boutique profile.
- Baron Capital Group: Baron Capital is a closely related peer: RiverPark's CEO Morty Schaja grew Baron Capital from $40M to $15B+ before founding RiverPark, and CIO Mitch Rubin and PM Conrad van Tienhoven are Baron alumni. Baron runs similarly research-driven equity strategies (Baron Fifth Avenue Growth, Baron iOpportunity), targeting individual and institutional investors with a long-term growth orientation.
- Royce Investment Partners: Royce is a specialist boutique asset manager focused on small-cap and micro-cap equity strategies, similar to RiverPark's Next Century Growth Fund sub-advisory offering. Both target the small-cap growth space with fundamental research and serve retail and institutional investors through mutual fund structures.
- Wedgewood Partners: Wedgewood Partners is both a strategic sub-adviser to RiverPark's Wedgewood Fund and a directly comparable peer—a St. Louis-based, focused large-cap growth manager led by David Rolfe since 1992, with a concentrated ~20 holding strategy and institutional-quality process. Their sub-advisory partnership and overlapping investment philosophy make them a near-direct comparison.
- Next Century Growth Investors: Next Century Growth Investors is a Minneapolis-based small/large-cap growth specialist and RiverPark sub-adviser for two funds. With 27+ years of institutional small-cap growth experience and a bottom-up fundamental approach, NCG offers directly comparable strategy exposure and serves as both a partner and a competitor in growth-oriented active management.
Broad incumbents
- WisdomTree Investments: WisdomTree is a publicly-traded asset manager offering equity, fixed income, and alternative strategies through ETFs and mutual funds with a research-driven quantitative and fundamental approach. As a manager that scaled from a niche product to a multi-product platform, WisdomTree provides a relevant comparison for RiverPark's growth trajectory.
- Eaton Vance: Eaton Vance was a diversified Boston-based asset manager offering equity, fixed income, and specialty strategies including CMBS-related products before being acquired by Morgan Stanley in 2021. As a former boutique that scaled into a multi-strategy incumbent with similar product breadth, Eaton Vance provides a relevant template and competitive benchmark.
- Cohen & Steers: Cohen & Steers is a publicly-traded specialist asset manager with a focus on real assets including CMBS-adjacent strategies. Their diversified product platform and emphasis on alternative income strategies parallels RiverPark's Floating Rate CMBS Fund offering, while their scale provides a benchmark for what a focused manager can become.
- Victory Capital: Victory Capital operates a multi-boutique model acquiring specialist investment managers and distributing their strategies through institutional and retail channels—analogous to RiverPark's sub-advisory platform. Their approach demonstrates how boutique asset managers can scale through partnership and acquisition structures.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
RiverPark Funds social profiles
Digital presenceRiverPark Funds financial estimates
Financial estimateRevenue estimate
Valuation estimate
RiverPark Funds leadership team
Management profileNumber of profiles
Profiles15 records
RiverPark Funds subsidiaries and ownership
Company hierarchySubsidiaries6 records
RiverPark Funds funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RiverPark Funds M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RiverPark Funds
What does RiverPark Funds do?
RiverPark Funds is a financial services group that manages a diversified family of mutual funds and venture capital funds spanning equity, fixed income, and venture capital strategies. The firm manages over $1 billion in assets under management as of March 31, 2026, offering funds such as the Long/Short Opportunity, Large Growth, Next Century Growth, Wedgewood (equity), Short Term High Yield, Floating Rate CMBS (fixed income), and Ventures I-IV and Partners (venture capital). Some funds are sub-advised by specialized partners including Wedgewood Partners, CrossingBridge Advisors, and Next Century Growth Investors.
Is RiverPark Funds a public or private company?
RiverPark Funds is a private company. It is classified as management employee owned and is currently operating.
When was RiverPark Funds founded?
RiverPark Funds was founded in 2006. It employs 1 to 10 people.
Where is RiverPark Funds based?
RiverPark Funds is headquartered in Kansas City, United States, in the North America region.
How does RiverPark Funds make money?
One revenue line is on record: investment Management Fees.
Who are RiverPark Funds's main competitors?
Direct peers on record are Alger, CrossingBridge Advisors, Baron Capital Group, Royce Investment Partners, Wedgewood Partners and Next Century Growth Investors. Broad incumbents are WisdomTree Investments, Eaton Vance, Cohen & Steers and Victory Capital.
Does RiverPark Funds have an API?
No public API is recorded for RiverPark Funds.
What industry is RiverPark Funds in?
RiverPark Funds's product category is Investment Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE). Its NAICS code is 525910 and its SIC code is 6282.