Fund Management With an Eternal Impact
OUR Mission & Vision
We help churches develop their excess land to fund their "why"
RK capital is dedicated to making an eternal impact on people’s lives while providing a return to our investors.
Through the course of my (Kody) conversations, I have realized that numerous churches are in debt, have excess property and are looking for alternate revenue streams. By utilizing the fund structure, we can help churches transform their excess property into the capital needed to further their mission.
Meet The Team
Kody Bybee
Co-Founder
Kody has spent the past 20 years overseeing the financial plan and management of for-profit and non-profit companies alike. Holding degrees in both Management and Finance, Kody excels at guiding large complex construction projects on time and under budget. Kody’s experience in multiple sectors of business drives him to create a culture where excellence is not just the result, but the overall experience.
Ross Batie
Co-Founder
Ross has been in the construction industry for over 30 years. He started out as low as you can be on the ladder but through hard work and good luck has gone all the way to managing an entire branch office. He started the office with just a small crew and grew it to a 30-person operation in 4 short years. Ross believes that a handshake is still the way business should be done. Honesty / Integrity and relationships are the building blocks of life and business. Besides running a regional office, he is most proud of the projects and the people that he has been able to work with over the years. He has lived in WY, UT and SD. Ross has been married for 21 years and has 3 wonderful kids. He loves nothing more than being outdoors with them all either hunting or golfing.
Why The Eternal Impact Fund?
I (Kody) was sitting in an investor retreat discussing a $450MM project that was part of a $1B Fund. The structure was magnificent, the returns were impressive, and this project would be a game changer for me. However, I could not get excited about the deal. I felt God impress upon me that this deal, and the team, was not what I was supposed to be involved in. I struggled with that decision overnight, and the next morning I told them that I was not going to be a part of the team.
I packed my bags and began the five-hour drive home. I said, ” God, please make it clear to me what I am supposed to do. I have a unique skillset and I do not know how to use it.”
Over the next five-hours God unfolded in my heart a vision to build a fund that will impact His Kingdom and make an eternal impact on people’s lives, communities, and generations to come. The eternal impact fund was born.
The Eternal Impact Fund is dedicated to helping churches develop excess land to further their “Why” as a church. By utilizing the fund structure, the church can maintain control of the process and they do not need a to invest further capital.
RK Capital is dedicated to making an eternal impact on peoples lives and providing a return to our investors. We believe that people need to hear about Jesus, and our communities need more churches, and para-church organizations, to make this a reality. Together, we can make a lasting impact on people's lives, our communities and provide a return to our investors.
Investment Process
We meet with the church
RK Capital will meet with a church to understand their God given Mission / Vision (Their WHY). Then, we can discuss how developing the excess land can further their mission.
Layout, Financial Modeling, Due Dilligence
RK capital will layout options and ideas to present to the church. The options will also include high-level financial projections and investor returns.
Pitch and Launch the Fund
RK Capital will pitch the fund to investors to obtain soft commitments. Then, we will finalize the specifics of the fund. The church will invest the property into the fund as the initial LP investment. No further capital is needed from the church.
Development, Architecture, Construction
RK Capital will serve as the Developer (or JV with a Developer) and will begin the process of development, architectural, and construction.
Distribute Returns to our Investors
Once the project is complete, we will begin returning dividends to the investors.
Mature Asset
Once the asset is mature, we will have discussions with the church to determine the best course of action to take.
Investment Thesis
By utilizing the fund structure, we can effectively help churches fund their “why”. The church will invest their excess land into the fund and receive an equity stake equal to the land value. We will tailor the development to what the church needs / wants, and then determine the best layout and design of the property and fund.
The Eternal Impact Fund will invest in buildings and land, provide construction and development oversight, lease and sell property, to provide a steady return to our investors. RK Capital will serve as the GP for the fund.
Headquarted in Rapid City, South Dakota