Waterfall Asset Management

Waterfall Asset Management is a global alternative investment manager specializing in structured credit and real estate investments. Founded in 2005, the firm focuses on specialty finance opportunities within asset-backed securities, whole loans, real assets, and private equity. With a relative value approach, Waterfall seeks attractive risk-adjusted returns across more than 60 sectors of the asset-backed finance market, including residential and commercial real estate, consumer loans, CLOs, and small business lending. The firm operates in the United States, United Kingdom, Ireland, and Hong Kong, managing approximately $12.5 billion in assets as of July 2023. Waterfall is also the external manager to Ready Capital Corporation, a multi-strategy real estate finance company and small business lender. The firm's investment strategies encompass asset-backed credit, loan investments, and private equity, targeting growth, late-stage, pre-IPO, buyout, turnaround, and distressed opportunities. Waterfall's diverse portfolio spans various industries, including financial services, real estate, technology, healthcare, consumer goods, energy, telecommunications, media, transportation, industrial goods, utilities, materials, consumer services, retail, and business services. The firm employs a disciplined approach to risk management and seeks to generate attractive returns for its investors. Waterfall's global presence and multi-sector specialization enable it to provide clients with compelling investment solutions that are generally uncorrelated to traditional investment opportunities. The firm's offices in New York, London, Dublin, and Hong Kong support its extensive investment activities across public and private markets. Waterfall's commitment to innovation and entrepreneurship has been recognized, including being named among Inc.'s 2021 list of founder-friendly private equity and venture capital investors. The firm's leadership, including co-founders Tom Capasse and Jack Ross, brings over 30 years of experience in the asset-backed securities industry, having established Merrill Lynch's ABS Group in the 1980s. Waterfall's strategic focus and expertise have positioned it as a significant player in the alternative investment management sector, offering a range of investment solutions tailored to meet the diverse needs of its clients. The firm's approach combines deep sector knowledge, analytical capabilities, and a collaborative culture to identify and capitalize on investment opportunities across global markets. Waterfall's dedication to delivering value for clients is evident in its comprehensive investment strategies and its ability to adapt to evolving market conditions, ensuring sustained growth and success in the competitive landscape of alternative investments.