Rosemawr Management

What Rosemawr Management does

Rosemawr Management is a private, SEC-registered alternative investment management firm founded in September 2008 by Greg Shlionsky, a former Managing Director and Head of Municipal Derivative and Structured Products Trading at Lehman Brothers. The firm manages a suite of closed-end private capital funds, co-investment vehicles, and evergreen funds that deploy capital across U.S. municipal, not-for-profit, charter school, and sustainable infrastructure credit markets, with cumulative gross deployment of approximately $7 billion through end-2025. Investment products include seven Private Capital Funds (2012-2023), a Charter School Co-Investment Fund (2019), a Private Capital Fund investing in charter school management companies (2022), a Quarterly Liquidity Fund (2009), and an Evergreen Fund focused on secured lending against sustainable power projects (2025).

The firm operates from its headquarters at 810 Seventh Avenue in New York, with a secondary office in Miami Beach, and runs with a small team of 1-10 employees. Revenue is generated through management fees and performance fees on these fund vehicles, with deal flow sourced through direct institutional relationships across municipalities, charter schools, renewable energy developers, and other not-for-profit counterparties. The investment team emphasizes special situations and unique credits - higher-risk municipal and not-for-profit exposures where traditional lenders do not participate - and provides flexible structuring across debt, equity, and hybrid instruments. Recent transaction activity has demonstrated expansion into adjacent themes including battery energy storage financing (a 2026 $300 million interconnection facility for Gridi LLC's 60+ New York State BESS projects) and digital-asset-backed municipal credit (the 2025 New Hampshire Bitcoin-backed bond in partnership with Wave Digital Assets and BitGo Trust). The leadership team draws almost entirely from senior roles at Lehman Brothers, Morgan Stanley, ORIX USA, Bear Stearns, Lord Abbett, and Citi, providing deep specialized credit and structuring expertise relative to the firm's lean operating footprint.

Name

Rosemawr Management

Legal name

Rosemawr Management LLC

Website

https://rosemawr.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Rosemawr Management is a private SEC-registered alternative investment manager that runs a series of closed-end and evergreen funds deploying roughly $7 billion across U.S. municipal, charter school, and sustainable infrastructure credit markets since 2008.

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Open-End Investment Funds (525910), Management of Companies and Enterprises (55111)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

akta.pro secondary industries

Development Finance & Blended Finance Facilities (BPADAOAD), Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Alternative investment management
• Municipal bond investing
• Charter school financing
• Sustainable infrastructure lending
• Private capital funds

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Management Fees: Generates revenue through management fees and performance fees from multiple private capital funds, a Charter School Co-Investment Fund, and an Evergreen Fund focused on sustainable infrastructure lending. The firm has closed seven Private Capital Funds since 2012, a Charter School Co-Investment Fund (2019), and launched an Evergreen Fund in 2025.

Go-to-market motion1 record

Core offering

Rosemawr Management is an alternative investment management firm that manages private capital funds, co-investment funds, and an evergreen fund investing in U.S. municipal, not-for-profit, charter school, and sustainable infrastructure asset classes. The firm provides flexible financing solutions including privately placed tax-exempt and taxable bonds, loans, direct facility ownership, project lending, and equity investments to municipalities, charter schools, renewable energy developers, and not-for-profit organizations.

Product overview

Rosemawr Management is an alternative investment management firm offering a portfolio of closed-end and evergreen funds focused on U.S. municipal, not-for-profit, and sustainable infrastructure sectors. The firm's product suite includes six Private Capital Funds (2008-2023), a Quarterly Liquidity Fund (2009), a Charter School Co-Investment Fund (2019), a Charter School Management Companies Fund (2022), and a 2025 Evergreen Fund for Sustainable Power Secured Lending. Investment services encompass charter school financing (tax-exempt/taxable bonds, loans, facility ownership) and sustainable infrastructure investments (renewable energy, energy efficiency via acquisitions, lending, equity, energy service agreements, and PACE programs). The funds target special situations and unique credits offering superior risk-adjusted returns.

Differentiator

Problem solved

Functional benefit

Products and services

• Quarterly Liquidity Fund A fund offering periodic liquidity to investors, launched in May 2009 as the firm's first fund product providing regular redemption windows for limited partners.
• Private Capital Funds (1-6) Series of closed-end private capital funds investing in U.S. municipal, not-for-profit, and special situation credits across multiple sectors including charter schools, healthcare, and infrastructure. Funds range from the first (2012) through the sixth (2023) with varying strategies and structures.
• Charter School Co-Investment Fund A fund providing co-investment opportunities alongside the Private Capital Fund strategy specifically in the charter school sector, launched in November 2019.
• Charter School Management Companies Fund A Private Capital Fund investing in charter school management companies, providing equity and debt capital to operating companies that manage charter schools.
• Evergreen Fund for Sustainable Power Secured Lending An evergreen fund launched in 2025 focused on secured lending against sustainable power and renewable energy projects, providing flexible financing solutions for solar, wind, battery storage, geothermal, and other renewable energy technologies.
• Charter School Financing Provides privately placed tax-exempt and taxable bonds, loans, and direct ownership of school facilities for charter schools during construction, start-up, and expansion stages. Also invests in operating companies managing charter schools.
• Sustainable Infrastructure Investments Invests across the sustainable infrastructure sector focused on renewable energy generation and energy efficiency. Investments span solar, wind, battery storage, geothermal and other renewable energy technologies through outright acquisitions, lending, minority or majority equity positions, energy service agreements, and PACE programs.

Quantifiable outcome

• 40% return in approximately 2 years on soccer stadium financing

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Wave Digital AssetscoreStrategic or Co-development Partner · 1 November 2025Partnered with Rosemawr Management to design New Hampshire's first-of-its-kind Bitcoin-backed municipal bond project. The $100 million bond program was approved by the New Hampshire Business Finance Authority in November 2025.
• BitGo Trust CompanycoreTechnology or Integration · 1 November 2025Serving as custodian for New Hampshire's Bitcoin-backed municipal bond project, providing digital asset custody infrastructure for the innovative $100 million bond issuance.
• OrrickminorImplementation/ SI/ Consulting PartnerProvided legal structuring advice for the world's first Bitcoin-backed municipal bond transaction involving Wave Digital Assets, Rosemawr Management, and BitGo Trust.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Marathon Asset Management: Marathon Asset Management is a New York-based alternative credit manager specializing in special situations, distressed, and structured credit — closely mirroring Rosemawr's special-situations credit underwriting approach in municipal and not-for-profit markets. Both firms focus on credits traditional investors avoid and emphasize research-driven origination.
• CIFC Asset Management: CIFC is a specialty credit manager focused on structured credit, CLOs, and alternative credit strategies. Like Rosemawr, CIFC pursues differentiated credit opportunities with institutional LPs and emphasizes capital flexibility and structured solutions over generic exposure.
• Pretium Partners: Pretium Partners is an alternative investment manager specializing in structured credit, real estate finance, and asset-backed lending. Its focus on specialty structured finance and institutional capital deployment parallels Rosemawr's niche alternative credit model.

Broad incumbents

• TPG Angelo Gordon: TPG Angelo Gordon is a large alternative credit and special-situations manager (acquired by TPG) operating across structured credit, real estate, and specialty finance. It overlaps with Rosemawr's special-situations credit thesis at substantially greater scale and with broader product breadth.
• Nuveen: Nuveen is one of the largest U.S. municipal bond managers, with deep expertise across tax-exempt credit and fixed income. As a broad incumbent, it competes for institutional municipal allocations but does not specialize in the special-situation charter school and renewable infrastructure niches Rosemawr targets.
• Western Asset Management: Western Asset is a major fixed-income manager with a substantial municipal bond franchise serving institutional investors. While it competes with Rosemawr for municipal allocations, it focuses on core/core-plus strategies rather than Rosemawr's special-situation municipal credit approach.
• Stonepeak Partners: Stonepeak is a large infrastructure-focused alternative manager investing across digital, energy transition, and conventional infrastructure. It overlaps with Rosemawr's sustainable infrastructure thesis but at a much larger scale and broader infrastructure mandate.
• Brookfield Asset Management: Brookfield is a global alternative manager with a massive renewable power and infrastructure debt franchise. It competes for institutional allocations to infrastructure credit and represents the scaled incumbent Rosemawr's sustainable infrastructure strategy must position against.
• KKR: KKR is a global alternative manager with significant infrastructure and credit franchises targeting institutional LPs. While not a direct municipal credit peer, its infrastructure debt platform competes for the same institutional capital pool that funds Rosemawr's sustainable infrastructure financings.

Regional players

• Lord Abbett & Co. Lord Abbett is a New Jersey-based asset manager with a significant municipal bond group (where Rosemawr Principal Seth Klempner previously worked). It is comparable as a fixed-income institutional manager serving municipal credit investors, though it focuses on more traditional strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 Rosemawr Management