Resolution Capital Limited

What Resolution Capital Limited does

Resolution Capital Limited is a privately held, majority employee-owned boutique investment manager headquartered in Sydney, Australia, with a secondary office in Rye Brook, New York. Founded in 2004, the firm specializes in global listed real estate and global listed infrastructure securities, with a continuous investment track record dating back to 1995. The product suite comprises actively managed funds in both hedged and unhedged series, two ASX-listed active ETFs (RCAP for global property securities and RIIF for global listed infrastructure), a blended Global Real Assets Fund (approximately 40% property / 60% infrastructure), and a US-domestic Collective Investment Trust for tax-qualified pension plans administered by SEI Trust Company. The firm is regulated under Australian Financial Services Licence 274491 (ABN 50 108 584 167).

The investment process is bottom-up and sector-specialist (research responsibilities are organized by sector rather than region), with concentrated portfolio construction focused on quality assets, resilient cash flows, strong capital structures, and aligned management teams. Proprietary ESG assessment frameworks are integrated into stock analysis and new stock initiation reports, supported by a dedicated Head of ESG and UNPRI signatory status since 2010 (5 Stars in 2025 assessment for Direct Listed Equity Active fundamental). The investment team of more than 20 professionals includes veterans from Lend Lease, Macquarie, Goldman Sachs, Babcock & Brown, JLL, and CLSA.

Resolution Capital earns revenue through a 0.80% p.a. management fee on funds under management plus a 20% performance fee on outperformance of benchmark net of management fee and expenses, subject to an absolute return hurdle and paid annually as at 30 June. Distribution is multi-channel: ASX ETFs (RCAP, RIIF) provide retail and advised access with no minimum investment; ~20+ Australian wrap/platform partners including Netwealth, HUB24, BT Panorama, Macquarie Wrap, and Mason Stevens serve the advised channel; and dedicated institutional distribution teams cover Australia, New Zealand, UK/Europe/MENA, US, and Asia. Pinnacle Investment Management Group serves as Responsible Entity, Product Issuer, and institutional distribution partner, while Citigroup acts as market maker and Solactive AG provides iNAV calculation for the ETFs. Distribution is supported by ESG and stewardship reports, content marketing, and institutional-grade third-party ratings (Morningstar Gold, Zenith Highly Recommended, Lonsec Recommended, and 8-time winner of Global Real Estate Investment Trust Manager of the Year).

Name

Resolution Capital Limited

Legal name

Resolution Capital Limited

Website

https://rescap.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Resolution Capital Limited is a Sydney-based, majority employee-owned boutique investment manager founded in 2004, specializing in global listed real estate and infrastructure securities via actively managed funds, ASX-listed ETFs (RCAP, RIIF), and a US Collective Investment Trust for pension plans.

Ownership category

akta.pro rank

Product category

Investment Management - Listed Real Assets

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Listed real estate securities
• Global infrastructure funds
• Active ETF management
• Real assets investment
• Property securities funds

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Management Fees: Annual management fee of 0.80% p.a. charged on funds under management across all fund products.
2. Performance Fees: 20% of the Fund's outperformance of the benchmark net of the management fee and expenses, subject to an absolute return hurdle, payable as at 30 June each year.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Resolution Capital Limited is a specialist active investment manager that researches, constructs, and manages portfolios of global listed real estate (REITs) and listed infrastructure securities for institutional, wholesale, and retail investors. The firm sells these investment strategies through ASX-listed Active ETFs, a range of managed funds (hedged and unhedged), and a US Collective Investment Trust. Its products target investors seeking specialist exposure to real assets via liquid, exchange-traded or pooled vehicles.

Product overview

Resolution Capital Limited is a specialist global listed real assets securities manager offering a suite of actively managed investment funds. The product lineup consists of two ASX-listed Active ETFs (RCAP for global property securities and RIIF for global listed infrastructure), multiple unlisted managed fund variants with hedged and unhedged options, the Global Real Assets Fund providing blended exposure to both asset classes, and a U.S.-focused Collective Investment Trust (CIT). All strategies are managed by specialist investment teams using a bottom-up, concentrated portfolio approach focused on global real estate and infrastructure securities.

Differentiator

Problem solved

Functional benefit

Brands

• Global Property Securities Fund – Active ETF (ASX:RCAP): Active ETF providing exposure to global listed REITs and real estate securities, hedged to Australian dollars.
• Global Listed Infrastructure Fund – Active ETF (ASX:RIIF)
• ResCap Global Real Estate Securities Collective Investment Trust (CIT)

Products and services

• Resolution Capital Global Property Securities Fund – Active ETF (ASX:RCAP) ASX-listed Active ETF that delivers actively managed, concentrated exposure to global listed real estate (REIT) securities for retail, advised and wholesale investors via the Australian Securities Exchange.
• Resolution Capital Global Property Securities Fund – Series II (Hedged) Wholesale managed fund offering actively managed exposure to global listed real estate (REIT) securities with active currency hedging back to the investor's base currency.
• Resolution Capital Global Property Securities Fund – Unhedged Series II Wholesale managed fund offering actively managed exposure to global listed real estate (REIT) securities without currency hedging, allowing investors to retain foreign currency exposure.
• Resolution Capital Core Plus Property Securities Fund – Series II Wholesale managed fund offering actively managed exposure to global listed property securities with a modest gearing/leverage overlay, targeting higher total returns for suitable wholesale investors.
• Resolution Capital Global Listed Infrastructure Fund – Active ETF (ASX:RIIF) ASX-listed Active ETF providing actively managed, concentrated exposure to global listed infrastructure securities for retail, advised and wholesale investors via the Australian Securities Exchange.
• Resolution Capital Global Listed Infrastructure Fund (Hedged) Wholesale managed fund offering actively managed exposure to global listed infrastructure securities with active currency hedging back to the investor's base currency.
• Resolution Capital Global Listed Infrastructure Fund (Unhedged) Wholesale managed fund offering actively managed exposure to global listed infrastructure securities without currency hedging, allowing investors to retain foreign currency exposure.
• Resolution Capital Global Real Assets Fund Wholesale managed fund offering a diversified multi-sector portfolio combining global listed real estate and listed infrastructure securities into a single real assets strategy.
• ResCap Global Real Estate Securities Collective Investment Trust (CIT) US-domiciled Collective Investment Trust that provides tax-exempt US pension plans with pooled, daily-valued exposure to a portfolio of global listed real estate (REIT) securities managed by Resolution Capital.

Quantifiable outcome

• RCAP Fund delivered 10.07% p.a. over 3 years vs benchmark 9.04% (alpha of 1.03%)
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Twelve partnerships are on record, tiered core and minor.

• SEI Trust CompanycoreStrategic or Co-development PartnerSEI Trust Company serves as the Trustee of the ResCap Global Real Estate Securities Collective Investment Trust (CIT) and maintains ultimate fiduciary responsibility over the management and investments made in the Fund. The CIT is a collective investment trust for tax-qualified pension and profit-sharing plans. Resolution Capital provides investment advice to SEI Trust Company for the Fund.
• Pinnacle Investment Management GroupcoreChannel Partner/ Reseller/ DistributorPinnacle Investment Management Group provides distribution and responsible entity services to Resolution Capital. Pinnacle Fund Services Limited is the Product Issuer and Responsible Entity. Distribution team handles institutional and retail distribution across multiple regions including Australia, New Zealand, UK/Europe/MENA, US, Asia, and Japan.
• Automic GroupminorOthersAutomic Group serves as the Registry for Resolution Capital funds, handling investor registry services, unit processing, and shareholder queries for RCAP.
• CitigroupminorOthersCitigroup acts as the Market Making Agent for the ASX-listed active ETF (RCAP), facilitating liquidity and trading on the exchange.
• UNPRI (Principles for Responsible Investment)minorOthersResolution Capital became a signatory to UNPRI in 2010, promoting inclusion of ESG issues into investment analysis and decision-making. Received 5 Stars (vs 4 Star median) for Direct Listed Equity Active fundamental in 2025 assessment.
• UN Global CompactminorOthersResolution Capital is a signatory to the UN Global Compact, aligning on universal principles on human rights, labour, environment, and anti-corruption.
• GRESB (Global Real Estate Sustainability Benchmark)minorOthersResolution Capital is an Investor Member of GRESB, enabling collection of reliable ESG data for reporting and informed investment decisions, with participation in collaborative engagements to encourage improved reporting by real estate companies globally.
• YalariminorOthersResolution Capital supports Yalari's annual Orientation Camp for Indigenous children from regional, rural, and remote areas beginning their boarding school journey, and sponsors a student through the Rosemary Bishop Scholarship Program at Kambala.
• Alzheimer's Research AustraliaminorOthersResolution Capital partners with Alzheimer's Research Australia (Perth-based) to fund research into blood biomarkers and early-stage diagnostic testing for Alzheimer's disease.
• The Old Fitz TheatreminorOthersResolution Capital is a sponsor of The Old Fitz Theatre, Australia's only remaining pub theatre, supporting the arts sector and independent theatre productions.
• Giant StepsminorOthersResolution Capital invested in a Social Impact Note issued by Giant Steps to support their expansion to a new site in Elanora Heights, Sydney, with the 5% annual return donated back to the organization supporting children and young adults with Autism Spectrum Disorder.
• Pinnacle Charitable FoundationminorOthersResolution Capital collaborates with the Pinnacle Charitable Foundation as part of its corporate social responsibility initiatives for strategic community sponsorships.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Heitman: Global real estate investment manager with listed real estate securities capabilities alongside private real estate. Comparable as a specialist real estate securities manager with institutional and intermediary distribution.
• Cohen & Steers: US-listed specialist asset manager focused exclusively on listed real estate and real assets equities. Closest global comparable to Resolution Capital's GREIT and GLI strategies, with similar concentration on REITs and infrastructure securities.
• Platinum Asset Management: Australian boutique active manager with global equity strategies. Comparable in boutique size, ASX-listed status history, and active global equity mandate focus from Sydney.
• Magellan Financial Group: Australian boutique asset manager with global equity strategies. Comparable as a Sydney-based boutique manager targeting institutional and advised retail investors via active mandates, though focused on broader equities rather than real assets.
• ClearBridge Investments (Real Estate Strategy): Specialist US-based active equity manager with a dedicated listed real estate securities strategy. Comparable in its concentrated, bottom-up approach to global REIT investing.
• Brookfield Public Securities Group: Manages listed real assets and real estate equity strategies globally as part of Brookfield's broader platform. Directly comparable active equity strategies in global REITs and listed infrastructure.

Broad incumbents

• Principal Real Estate Investors: Large-scale real estate investment manager within Principal Financial Group with listed and private real estate capabilities. Comparable in sector specialization but at significantly larger AUM scale.
• DWS Group (Real Assets / Listed Real Estate): Large global asset manager with active listed real estate and infrastructure equity strategies. Offers overlapping capability but as part of a much wider product portfolio rather than as a specialist boutique.

Regional players

• LaSalle Investment Management: Global real estate investment manager with private real estate focus but historical exposure to listed real estate securities research. Comparable as a specialist real assets firm, with overlap in the listed real estate securities team pedigree.

Others

• Pinnacle Investment Management Group: Australian multi-boutique platform that provides distribution and responsible entity services to Resolution Capital. Adjacent rather than competitive — a strategic partner and distribution enabler for Resolution Capital's fund range.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Resolution Capital Limited