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Rice

Institutional investor

Plymouth · Seed–Series B · 21 people tracked

Also known as Rice Park Capital Management Lp

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Investment thesis

Rice Park Capital pursues investments in sectors and situations where it can leverage experience across residential and commercial real estate, mortgage, credit, and technology. The firm applies transparent, relationship-oriented strategies to build capital solutions tailored to specific market opportunities. Its core areas include residential mortgage servicing rights (MSR), invested through an integrated platform combining sourcing, servicing oversight, and portfolio management, as well as residential mortgage credit approached via a disciplined framework centered on production, performance, and alignment. The firm also finances business purpose loans for real estate investors acquiring, improving, constructing, and operating residential investment properties.

Source: firm website, verified Sep 29, 2026.

Stage
Seed–Series B
HQ
Plymouth, MN, US
Instruments
Equity · Debt
Founded
2019
AUM
$1.4B
Tracked investments
3

Team · 21 people

from the firm's website & public directories

What they invest in

from 1 of 3 portfolio companies

Circular Economy ×1Cleantech ×1Energy ×1

HQs:United States×2

Investments · 3 tracked

founders shown can be your intro path

By year:2024 · 12023 · 12019 · 13 dated

Candor Technology, Inc.inFeb 2024

The Villages, US

Thomas Showalter(Executive Officer, Director)inMark Hinshaw(Director)

BoardPatrick Meenan(Director)in

Co-investorsArthur VenturesAssurant Ventures

EnerPureenerpure.techinOct 2023

EnerPure recycles used motor oil (UMO) using small modular recycling plants and a patented process, converting the waste product into a marine fuel product sold to shipping companies.

Circular EconomyCleantechEnergyWinnipeg

Robert Peterson(Director)Norman Barnabe(Director)Todd Habicht(Executive Chairman & Founder)Douglas Kroeker(Executive Officer)Tammy Habicht(Director)Albert Krahn(Director)

Co-investorsRed River Métis Business Development CorporationCanada Growth FundRice Investment Group

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Rolebot

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
Rice Partners II, L.P.LPs: Washington State Investment Board1994—-3.4%0.90x0.88x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does Rice invest at?
Rice invests at the Seed, Series A, Series B stages.
What sectors does Rice focus on?
Rice focuses on AI & Machine Learning, Fintech, PropTech, SaaS.
Where is Rice located?
Rice is headquartered in Plymouth, US.

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