As of 2009, R3 Capital Management LLC managed $1.5 billion in credit strategies through a hedge fund. In that year, R3 was acquired by BlackRock Inc. BlackRock had been an original investor in the hedge-fund firm. As of April, 2009, R3 Capital Management, LLC operates as a subsidiary of BlackRock, Inc. At the time that the acquisition was announced, BlackRock said R3 President and Chief Executive Rick Rieder, a former executive from Lehman Brothers, was going to join BlackRock as managing director and head of BlackRock's fixed-income alternative-investments team. He was to continue to manage R3. Lehman Brothers was an investor in R3, and sold its stake as part of its bankruptcy in 2008.
| Types | Organization, Business |
| Start date | 2008 |