Principal-Controlled Private Equity  ·  Est. 2023

Sourced. Structured.
Powered by T.HESIS.

R&H Capital is a principal-driven investment firm operating on institutional-grade infrastructure. No AUM. No excuses. Just conviction, technology, and deal flow.

View Active Pipeline How We Underwrite
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3

Stress Engines Built

4

Active Verticals

100%

Principal Capital in Every Deal

2023

Founded · Building in Public

The Origin

We didn't just enter
private capital.
We rebuilt the
infrastructure first.

Before R&H Capital deployed a dollar, its founders spent years identifying exactly why deal execution at the emerging manager level kept failing. The underwriting tools were generic. The stress testing was spreadsheet-based. LP reporting was a Word doc nightmare.

So we built T.HESIS — an institutional deal intelligence platform now used by PE funds, real estate sponsors, and family offices to stress test deals, build capital stacks, and auto-generate LP reports.

We didn't build it to sell software. We built it because we were operating in the deal trenches and the tools were broken. R&H Capital runs entirely on T.HESIS infrastructure.

Operator-Grade  ·  Proprietary Tech  ·  Built in the Trenches

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T.HESIS

Private Capital Intelligence Platform

AI underwriting on every deal — not just the big ones

3-engine stress testing before capital is ever discussed

Automated LP reporting from day one — not when we can afford it

7-signal early warning system on every active position

See T.HESIS in Action →

The T.HESIS Workflow

How We Underwrite

Every deal runs through 7 sequential steps before a capital partner is ever contacted. This is not a template — it's our actual workflow.

01

Source

Off-market deal identified via GP network, operator relationships, or proprietary deal flow — not broker listings.

02

Intake

Deal entered into T.HESIS pipeline with GAV, asset class, stage, GP profile, and initial capital stack assumption.

03

Stress Test

T.HESIS 4-scenario engine: Base · Stress · Bear · Macro Shock. Deal must survive bear case before moving forward.

04

Stack

Capital structure modeled: Senior Debt · Mezz · Preferred Equity · LP Equity with return attribution per tranche.

05

AI Analysis

T.HESIS parses the OM, generates IC memo, surfaces underwriting questions, and flags risk variables automatically.

06

Partner

Capital partner brought in with full T.HESIS data room: stress test outputs, IC memo, capital stack model, and LP summary.

07

Monitor

7-signal early warning system tracks every active position. Automated quarterly reports — no hand-assembled PDFs.

What's in the pipeline right now

Active Pipeline

Every deal below has completed T.HESIS intake. No deal is shown to a capital partner without passing the bear stress scenario.

Active Pipeline

Industrial · Florida

Commercial Industrial Asset · $13M

Asset Class Industrial / Commercial
Deal Size $13,000,000
T.HESIS Status ✓ In Intake
Active Pipeline

Seller Carryback · North Carolina

Structured Seller Financing · $340M

Structure Seller Carryback Financing
Deal Size $340,000,000
T.HESIS Status ✓ In Intake
In Diligence

Multifamily · Brickell, Miami

431 Units · Class A · $190M

Asset Class Class A Multifamily
Deal Size $190,000,000
T.HESIS Status ✓ Stress Test Active
Active Pipeline

Mining Asset · Chloride, Arizona

Special Situation · $1.5B

Asset Class Mining / Natural Resources
Deal Size $1,500,000,000
T.HESIS Status ✓ In Intake

Capital Mandate

Investment Buy Box

Every deal is evaluated against these non-negotiable criteria before a single dollar is committed. R&H Capital works with qualified LPs, GPs, and pre-approved debt partners on a deal-by-deal basis.

Min. Transaction

$50MM+

All asset classes

Annual Cash Yield

≥8.0%

Net, year-over-year

Target Return

≥2.0x

Net MOIC

Hold Period

5+ Yrs

Liquidity after ~24-month stabilization

Cash Flow

Self-Serve

Asset must fully service debt from operations

Capital Source

Closed

Qualified LPs, GPs & pre-approved debt partners

Geographic Focus

East Coast

Miami / South Florida  ·  Boston  ·  Washington DC  ·  Atlanta  ·  Philadelphia

West / Southwest

Phoenix  ·  Las Vegas  ·  Seattle  (Ex-California)

Excluded Markets

All California  ·  Secondary / tertiary markets  ·  Non-institutional locations

Debt & Leverage Mandate

Stabilized Assets — Max LTV 65–70%
Stabilized Assets — Min DSCR 1.30x
Value-Add — Day-1 LTV ≤60%
Ground-Up — Max LTC 60–65%
Operating Co. — EBITDA Leverage 3.5x–5.0x
Operating Co. — Min EBITDA $20MM+

Automatic Disqualifiers

California exposure

Blind-pool or commingled structures

Transactions under $50MM

Sub-8% cash yield

Leverage outside mandate

Debt not serviceable from cash flow

First-time or unqualified GPs

Exit-dependent underwriting

The R&H Advantage

Our unfair advantage isn't relationships.
It's infrastructure.

AI Underwriting on Every Deal

Not just the big ones. T.HESIS runs the full underwriting stack on every deal in our pipeline, regardless of size or stage.

Stress Tested Before Capital Talks

4 scenario modes — Base, Stress, Bear, Macro Shock — before a capital partner ever sees the deal. We do not present unvetted opportunities.

Automated LP Reporting from Day One

Not when we can afford it. LPs receive automated quarterly reports generated directly from T.HESIS — not hand-assembled PDFs.

Explore T.HESIS →

Leadership

The Team

Built by operators, investors, and strategists who have worked across real estate, capital markets, and consumer businesses.

David Robertson

David Robertson

Founder & Chief Investment Officer

Sourced $2B+ in commercial real estate and participated in $1.5B+ in private debt placement. Former Hudson Edge Real Estate. Architect of the firm's risk-management framework and cash-flow-centric investment philosophy.

LinkedIn Profile →
Alex Rivera

Alexander Rivera

Co-Founder & Head of Capital & Value-Add Acquisitions

Former Lead Underwriter, Hudson Edge Real Estate. 15 years in mechanical and building systems — integrating physical asset analysis with financial underwriting to identify value where others see risk.

Paul

Paul Sampson

Co-Founder & Managing Partner

Started at Morgan Stanley. Led and advised $3B+ in capital formation across technology, energy, sports, and biotech at Union Bridge Capital and S.J. Capital. Leads valuation strategy and transaction structuring.

For Capital Partners

We work with all capital partners.

Family offices, high-net-worth individuals, institutional investors, debt partners — if you're relationship-driven and conviction-oriented, we want to be in the room with you. We co-invest deal-by-deal with full transparency and T.HESIS-backed underwriting on every opportunity.

A relationship-first firm

R&H Capital is a relationship-driven firm. We don't broadcast deals — we bring them to people we trust. Family offices, HNW individuals, institutional partners, and debt capital providers are all welcome at the table.

We're building our track record in public — with full pipeline transparency and institutional-grade underwriting infrastructure behind every opportunity we present.

Who we partner with

Family offices seeking deal-by-deal co-investment

High-net-worth individuals & accredited investors

Institutional capital & debt partners

Strategic operators & GP co-sponsors

What do you see before committing?

AI-generated IC memo

Stress test outputs — all 4 scenarios

Full capital stack model

Property / company summary with GP profile

Start a Conversation

Get In Touch

Let's Build Together.

Choose your path. Every conversation gets to the right person immediately.

I'm an LP

I'm interested in co-investing on a deal-by-deal basis and want to learn more about the co-investment structure and active pipeline.

Schedule a Call →

I Have a Deal

I'm a GP or operator with a deal that meets the R&H buy box and want to submit for T.HESIS intake and underwriting review.

Schedule a Call →

I Want to Partner

I'm a debt partner, institutional operator, or service provider looking to align with R&H Capital's deal flow and infrastructure.

Schedule a Call →

Direct Contact

Drobertson@rhcapitalgrp.com arivera@rhcapitalgrp.com rhcapitalgrp.com