Waterfall Asset Management

1251 Avenue of THE Americas
New York, NY 10020

Website: waterfallam.com

Firm Size

• Assets Under Management (AUM):$14.9 Billion
• Number of Funds:25
• Employees:168
• Firm Type:Hedge Fund

Description

Waterfall Asset Management, LLC is an investment firm based in New York City. The company specializes in structured credit and alternative investments. It was founded in 2005 and currently has over $7 billion in assets under management. Waterfall Asset Management focuses on investing in a wide range of opportunities, including consumer loans, residential mortgages, and commercial real estate debt. The firm employs a disciplined approach to risk management and seeks to generate attractive returns for its investors.

Latest News

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Mar 18, 2024: Kyte Secures $250M in Asset-Backed Debt with Barclays and Waterfall to Scale Fleet
Kyte ( https://kyte.com ), the company pioneering cars delivered to you on-demand, today announced the closing of an asset-backed credit financing of up to $250 million from Barclays Bank ("Barclays") and Waterfall Asset Management ("Waterfall") to accelerate the company's fleet growth and profitability. The transaction will refinance and upsize Kyte's inaugural asset-backed facility, which closed in March 2022 . The deal generates significantly improved economics and structural efficiencies, reflecting the massive strides the company has made since 2022.

Dec 19, 2023: Ampla Secures $275 Million Credit Facility from Citi and Waterfall Asset Management to Fuel Continued Expansion
Ampla, a leading provider of innovative financial solutions for consumer brands, announced today the successful closure of a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management. This brings the total capital raised by Ampla to over $600 million from top tier investors, including Goldman Sachs and Atalaya Capital.

Oct 24, 2023: Waterfall Announces Deployment of Expanded Insurance Asset Management Business
Waterfall Asset Management, LLC ("Waterfall" or the "Firm"), a global alternative investment adviser, announced the expansion of its insurance asset management business. Waterfall, which currently manages capital on behalf of insurance clients in asset backed credit and mortgage loan strategies, is forming a dedicated team to provide tailored investment solutions to insurers, with a focus on the US residential whole loan market, in which it has been an active investor since 2007.

Sep 12, 2023: Purchasing Power® Completes $177 Million Credit Facility
  Purchasing Power, LLC, a voluntary benefit company that offers the leading employee purchase program through the convenience of payroll deduction, announced today it closed a $177 million revolving credit facility.  The credit facility is backed by Barclays Bank, who served as Administrative Agent, and Waterfall Asset Management. The new credit facility which closed on August 25 will support Purchasing Power's growth plan through the majority of 2025.

Apr 11, 2023: Waterfall Asset Management Closes Atlas Fund at $485M
Waterfall Asset Management ("Waterfall" or the "Firm"), a global alternative investment adviser, announced the final closing of its closed-end real estate fund, Waterfall Atlas Fund ("Atlas" or the "Fund"), which raised a total of $485 million in equity commitments, including through co-investment vehicles. The Fund will invest primarily in commercial real estate (CRE) equity as well as distressed loans and bonds. Atlas's strategy builds on the Firm's experience with investing in the CRE space through debt, bonds, and equity, and insights gained from managing nearly $4.8 billion of its AUM in the sector as of December 2022 . Waterfall initially launched its CRE equity strategy in 2017, led by Patti Unti and Zachary Liebmann , and has invested $499M across 33 assets. So far, Waterfall has deployed $172 million of the Fund's capital across 18 assets.