Overview

Waterfall Asset Management is an SEC-registered institutional asset manager that specializes in structured credit (asset-backed securities and loans) and private equity investments. It sources, analyzes, and purchases ABS and loan products across multiple sectors globally using a relative value approach to identify mispricings and potential upside. The firm leverages the experience of its founders and portfolio managers—who together have decades of ABS/loan analysis, trading, banking, and servicing expertise—to build portfolios intended to provide attractive risk-adjusted returns. With approximately $13.1 billion in assets under management as of December 1, 2024, Waterfall aims to deliver returns that are generally uncorrelated to many traditional investment sectors by focusing on multi-sector opportunities in structured credit and loans. Its goal is to deliver competitive, risk-managed outcomes for clients through disciplined research, sourcing, and active portfolio management.