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CWRE SSF Securities Holding, LP and related entities report beneficial ownership of BrightSpire Capital, Inc. Class A Common Stock. They collectively report 10,812,258 shares, representing 8.6% of the Class A common stock based on 126,524,180 shares outstanding as of July 28, 2026. The shares are held with shared voting and dispositive power and no sole voting or dispositive power. CWRE Special Situations Fund GP, LLC is general partner of CWRE SSF Securities Holding, LP, CW Investment Advisers, LLC is investment manager with discretionary authority, and Hon Kit Shing, as sole director/manager, could be deemed a beneficial owner. This Amendment No. 2 is filed solely to correct the name of one reporting person to "CW Investment Advisers, LLC"; all other previously reported ownership information remains unchanged.
Key Figures
Shares beneficially owned:10,812,258 sharesPercent of class:8.6 %Shares outstanding baseline:126,524,180 shares+4 more
7 metrics
Shares beneficially owned10,812,258 sharesClass A Common Stock of BrightSpire Capital, Inc. reported by each reporting person
Percent of class8.6 %Ownership percentage of BrightSpire Capital, Inc. Class A Common Stock
Shares outstanding baseline126,524,180 sharesClass A common stock issued and outstanding as of July 28, 2026
Sole voting power0.00 sharesEach reporting person reports no sole voting power
Shared voting power10,812,258.00 sharesShares over which each reporting person has shared voting power
Sole dispositive power0.00 sharesEach reporting person reports no sole dispositive power
Shared dispositive power10,812,258.00 sharesShares over which each reporting person has shared dispositive power
"may be deemed to be the beneficial owner of the Common Stock owned"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
dispositive powerfinancial
"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 10,812,258.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
shared voting powerfinancial
"6 | Shared Voting Power 10,812,258.00 7 | Sole Dispositive Power"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
investment management agreementfinancial
"acts as investment manager to Securities Holding pursuant to an investment management agreement"
An investment management agreement is a written contract that hires a professional to make buying, selling and strategy decisions for an investment account or fund, and sets out their duties, fees, risk limits, performance measures and reporting requirements. It matters to investors because the agreement determines who controls the money, how much the service costs, what risks are allowed, and how success or failure is measured—think of it as the service contract that defines expectations and remedies for a hired portfolio manager.
Schedule 13Gregulatory
"for purposes of Section 13(d) or 13(g) of the Securities Exchange Act"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in BRSP does CWRE SSF Securities Holding, LP report?
CWRE SSF Securities Holding, LP and related entities report beneficial ownership of 10,812,258 shares of BrightSpire Capital, Inc. Class A Common Stock, representing 8.6% of the class, based on 126,524,180 shares outstanding as of July 28, 2026.
Who are the reporting persons in this BrightSpire Capital (BRSP) Schedule 13G/A amendment?
The reporting persons are CWRE SSF Securities Holding, LP, CWRE Special Situations Fund GP, LLC, CW Investment Advisers, LLC, and Hon Kit Shing, all reporting shared voting and dispositive power over 10,812,258 shares of BrightSpire Capital, Inc. Class A Common Stock.
What change is made by Amendment No. 2 to the BRSP Schedule 13G/A?
Amendment No. 2 corrects the name of one reporting person from "SW Investment Advisors, LLC" to "CW Investment Advisers, LLC". The amendment states that all other ownership information previously reported regarding BrightSpire Capital, Inc. remains unchanged.
How much of BRSP’s stock is outstanding for the ownership calculation in this Schedule 13G/A?
The ownership percentage is calculated using 126,524,180 shares of BrightSpire Capital, Inc. Class A Common Stock outstanding as of July 28, 2026, as reported in BrightSpire’s Quarterly Report for the period ended June 30, 2026.
What voting and dispositive powers over BRSP shares do the reporting persons claim?
The reporting persons state they have 0 shares with sole voting or dispositive power and 10,812,258 shares with shared voting and shared dispositive power over BrightSpire Capital, Inc. Class A Common Stock.
How is Hon Kit Shing related to the BRSP shareholdings reported in this Schedule 13G/A?
Hon Kit Shing is the sole director of CWRE Special Situations Fund GP, LLC and manager of CW Investment Advisers, LLC and therefore could be deemed to beneficially own the BrightSpire Capital, Inc. shares held by CWRE SSF Securities Holding, LP.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
BrightSpire Capital, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
10949T109
(CUSIP Number)
08/17/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
10949T109
1
Names of Reporting Persons
CWRE SSF Securities Holding, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,812,258.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,812,258.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,812,258.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Percent of class is based upon 126,524,180 shares of Class A common stock issued and outstanding as of July 28, 2026, as reported by BrightSpire Capital, Inc. in its Quarterly Report on Form 10-Q for the period ended June 30, 2026, filed with the Securities and Exchange Commission on July 29, 2026.
SCHEDULE 13G
CUSIP Number(s):
10949T109
1
Names of Reporting Persons
CWRE Special Situations Fund GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,812,258.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,812,258.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,812,258.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Percent of class is based upon 126,524,180 shares of Class A common stock issued and outstanding as of July 28, 2026, as reported by BrightSpire Capital, Inc. in its Quarterly Report on Form 10-Q for the period ended June 30, 2026, filed with the Securities and Exchange Commission on July 29, 2026.
SCHEDULE 13G
CUSIP Number(s):
10949T109
1
Names of Reporting Persons
CW Investment Advisers, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,812,258.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,812,258.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,812,258.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: Percent of class is based upon 126,524,180 shares of Class A common stock issued and outstanding as of July 28, 2026, as reported by BrightSpire Capital, Inc. in its Quarterly Report on Form 10-Q for the period ended June 30, 2026, filed with the Securities and Exchange Commission on July 29, 2026.
This Amendment No. 2 is being filed solely to correct the name of one of the Reporting Persons, which was inadvertently listed as "SW Investment Advisors, LLC" instead of "CW Investment Advisers, LLC" in Amendment No. 1 to the Schedule 13G filed on August 14, 2026. All other information previously reported remains unchanged.
SCHEDULE 13G
CUSIP Number(s):
10949T109
1
Names of Reporting Persons
Hon Kit Shing
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW ZEALAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,812,258.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,812,258.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,812,258.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.6 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Percent of class is based upon 126,524,180 shares of Class A common stock issued and outstanding as of July 28, 2026, as reported by BrightSpire Capital, Inc. in its Quarterly Report on Form 10-Q for the period ended June 30, 2026, filed with the Securities and Exchange Commission on July 29, 2026.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
BrightSpire Capital, Inc.
(b)
Address of issuer's principal executive offices:
590 MADISON AVENUE, 33RD FLOOR, NEW YORK, NEW YORK, 10022.
Item 2.
(a)
Name of person filing:
CWRE SSF Securities Holding, LP
CWRE Special Situations Fund GP, LLC
CW Investment Advisers, LLC
Hon Kit Shing
(b)
Address or principal business office or, if none, residence:
333 South Hope Street, Suite 2500, Los Angeles CA 90071
(c)
Citizenship:
CWRE SSF Securities Holding, LP is a Delaware limited partnership;
CWRE Special Situations Fund GP, LLC is a Delaware limited liability company;
CW Investment Advisers, LLC is a Delaware limited liability company; and
Hon Kit Shing is a New Zealand citizen.
(d)
Title of class of securities:
Class A Common Stock, par value $0.01 per share
(e)
CUSIP No.:
10949T109
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Items 4(a) - (c) set forth in Rows 5 through 11 of the cover page for each Reporting Person is incorporated herein by reference for each such Reporting Person.
CWRE Special Situations Fund GP, LLC ("Fund GP") is the general partner of CWRE SSF Securities Holding, LP ("Securities Holding"). In such capacity, Fund GP may be deemed to be the beneficial owner of the Common Stock owned directly by Securities Holding.
CW Investment Advisers, LLC ("Investment Advisers") acts as investment manager to Securities Holding pursuant to an investment management agreement. Under such agreement, Investment Advisers has discretionary investment authority and voting power with respect to the shares of Common Stock directly held by Securities Holding. As such, Investment Advisers could be deemed to beneficially own the shares of Common Stock owned directly by Securities Holding.
Mr. Shing is the sole director of Fund GP and the manager of Investment Advisers and, as such, could be deemed to beneficially own the shares of Common Stock owned directly by Securities Holding.
The filing of this statement shall not be construed as an admission that any of Fund GP, Investment Advisers or Mr. Shing is, for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this statement.
(b)
Percent of class:
The information required by Items 4(a) - (c) set forth in Rows 5 through 11 of the cover page for each Reporting Person is incorporated herein by reference for each such Reporting Person.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Items 4(a) - (c) set forth in Rows 5 through 11 of the cover page for each Reporting Person is incorporated herein by reference for each such Reporting Person.
(ii) Shared power to vote or to direct the vote:
The information required by Items 4(a) - (c) set forth in Rows 5 through 11 of the cover page for each Reporting Person is incorporated herein by reference for each such Reporting Person.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Items 4(a) - (c) set forth in Rows 5 through 11 of the cover page for each Reporting Person is incorporated herein by reference for each such Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Items 4(a) - (c) set forth in Rows 5 through 11 of the cover page for each Reporting Person is incorporated herein by reference for each such Reporting Person.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
CWRE SSF Securities Holding, LP
Signature:
/s/ Hon Kit Shing
Name/Title:
Authorized Signatory
Date:
08/17/2026
CWRE Special Situations Fund GP, LLC
Signature:
/s/ Hon Kit Shing
Name/Title:
Director
Date:
08/17/2026
CW Investment Advisers, LLC
Signature:
/s/ Hon Kit Shing
Name/Title:
Manager
Date:
08/17/2026
Hon Kit Shing
Signature:
/s/ Hon Kit Shing
Name/Title:
Individual
Date:
08/17/2026
Exhibit Information
Exhibit 99.1: Joint Filing Agreement, dated as of August 14, 2026, by and among CWRE SSF Securities Holding, LP, CWRE Special Situations Fund GP, LLC, CW Investment Advisers, LLC, and Hon Kit Shing, as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.
