Fortress Investment Group, Eaton Vance Management and Carlyle Investment Management look like they will become the new owners of RCS Capital Corp. (RCAP).
The three investment firms were listed as RCAP lenders in a Thursday SEC filing submitted by RCAP.
The lenders stand to be the new shareholders after RCAP restructures and emerges from bankruptcy as a stand-alone retail advice firm.
RCAP announced Monday that it had reached an agreement with the majority of its lenders for a $150 million cash infusion and a plan to restructure the company in a Chapter 11 bankruptcy.
Fortress manages $74 billion in private equity, credit strategies and traditional asset management.
Eaton Vance Management is the advisor for the Eaton Vance family of mutual funds and runs a variety of alternative strategies as well.
The Carlyle Group is an alternative asset manager with $188 billion under management.
How much equity each entity will end up with is unknown. RCAP hasn’t disclosed the terms of the restructuring plan or how much of its debt would be written off.
Part of the $150 million will fund a retention plan for RCAP-affiliated advisors.
In its filing, RCAP said the retention program would be presented to the lenders by January 8.