Hedge Fund Database

WATERFALL ASSET MANAGEMENT, LLC

Adviser information for WATERFALL ASSET MANAGEMENT, LLC last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Limited Liability Company
Fiscal Year End DECEMBER
Legal Location Delaware, United States

Employees

Total Number of Employees 168
Investment Advisory/Research 72
Registered Broker-Dealer Representatives 0
Registered State Investment Advisers 0
Licensed Agents of an Insurance Company 0
No. of Firms/People that Solicit Clients 1

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 67 $18.6B
Non-Discretionary 0 $0
Total 67 $18.6B

Clients

Type Number RAUM
Individuals 0 $0
HNW Individuals 0 $0
Banking or thrift institutions 0 $0
Investment companies 3 $2.8B
Business development companies 0 $0
Pooled investment vehicles 46 $14.9B
Pension and profit sharing plans <5 $21.0M
Charitable organizations 0 $0
State or municipal gov entities <5 $36.6M
Other investment advisers 0 $0
Insurance companies 15 $886.6M
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses <5 $1.0M
Other 0 $0
Type Number
No. of Non-RAUM Clients 0
No. of Non-U.S. Clients 42

Services

Advisory Services Portfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients
Compensation % of AUMPerformance-based feesSEE SCHEDULE D - MISCELLANEOUS
Other Business Activities Commodity pool operator or commodity trading advisor

Identifiers

SEC RIA File Number 801-65087
SEC ERA File Number 801-65087
SEC CIK Numbers 1570717
SEC CRD Numbers 137746
Legal Entity Identifier 549300RACQV01C68DB49

Principal Office

1251 AVENUE OF THE AMERICAS
50TH FLOOR
NEW YORK
NY
United States
Monday - Friday, 9:00 A.M - 5:00 P.M.
Tel: 212-257-4600, Fax: 212-257-4699

Websites

www.waterfallam.com/ www.linkedin.com/company/waterfall-asset-management-llc/mycompany/

Chief Compliance Officer

KENNETH NICK
GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER
1251 AVENUE OF THE AMERICAS
50TH FLOOR
NEW YORK
NY
United States
Tel: 212-257-4606
Fax: 212-257-4699
(Full email address available in API data)

Regulatory Contact

KRISTINA AMATO
DEPUTY CHIEF COMPLIANCE OFFICER
1251 AVENUE OF THE AMERICAS
50TH FLOOR
NEW YORK
NY
United States
Tel: 212--257-4677
Fax: 212-257-4699
(Full email address available in API data)

Industry Affiliates

WATERFALL ASSET MANAGEMENT (HK) LIMITED Other investment adviser, including financial planners
WATERFALL ASSET MANAGEMENT (IRELAND) DESIGNATED ACTIVITY COMPANY Accountant or accounting firm
WATERFALL ASSET MANAGEMENT (UK) LLP Other investment adviser, including financial planners
WATERFALL ATLAS GP, LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL DELTA GP, LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL DISLOCATION OPPORTUNITY GP, LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL DISLOCATION OPPORTUNITY II GP, LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL EAGLE GP, LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL MANAGEMENT, LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL OSPREY GP, LLC Sponsor or syndicator of limited partnerships
WATERFALL RESIDENTIAL CREDIT OPPORTUNITY FUND GP, LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL ROCK ISLAND GP, LLC Commodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles
WATERFALL SANDSTONE GP, LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL SANDSTONE OPPORTUNITY GP, LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL SENTINEL GP LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL SILVER SPRING GP, LLC Sponsor, GP, manager of pooled investment vehicles
WATERFALL STRUCTRED CREDIT DISLOCATION GP, LLC Sponsor or syndicator of limited partnerships

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
LAKE CASCADE FUND, LP Hedge Fund $1,079.7M $0.0M 2
LMAP 904 LIMITED Hedge Fund $55.4M $0.0M 1
SHARB INVESTORS LP Private Equity Fund $9.6M $1.0M 6
WATERFALL ATLAS CO-INVEST FUND, LP Hedge Fund $76.0M $5.0M 1
WATERFALL ATLAS MASTER FUND A, LP Hedge Fund $82.5M $5.0M 57
WATERFALL ATLAS MASTER FUND B, LP Hedge Fund $363.4M $5.0M 57
WATERFALL DELTA OFFSHORE MASTER FUND, LP Hedge Fund $487.9M $0.5M 4
WATERFALL DISLOCATION OPPORTUNITY MASTER FUND II, LP Hedge Fund $25.3M $5.0M 2
WATERFALL DISLOCATION OPPORTUNITY MASTER FUND, LP Hedge Fund $386.9M $5.0M 29
WATERFALL EAGLE FUND, LLC Hedge Fund $587.4M $0.0M 2
WATERFALL EDEN MASTER FUND, LTD. Hedge Fund $3,016.4M $1.0M 320
WATERFALL ITHACA FUND, LLC Real Estate Fund $2.2M $0.1M 16
WATERFALL OSPREY MASTER FUND, LP Hedge Fund $68.1M $0.0M 2
WATERFALL RESIDENTIAL CREDIT OPPORTUNITY MASTER FUND I, LP Hedge Fund $108.0M $5.0M 2
WATERFALL ROCK ISLAND, LLC Hedge Fund $662.8M $0.0M 2
WATERFALL SANDSTONE FUND, L.P. Hedge Fund $1,336.1M $0.0M 3
WATERFALL SANDSTONE OPPORTUNITY FUND, L.P. Hedge Fund $436.9M $0.0M 11
WATERFALL SENTINEL MASTER FUND I-A LP Private Equity Fund $0.0M $5.0M 0
WATERFALL SENTINEL MASTER FUND I-B LP Private Equity Fund $61.5M $5.0M 91
WATERFALL SILVER SPRING FUND, LP Hedge Fund $132.1M $0.0M 2
WATERFALL STRUCTURED CREDIT DISLOCATION FUND L.P. Hedge Fund $67.2M $1.0M 1
WATERFALL VICTORIA MASTER FUND II, LTD. Hedge Fund $12.2M $1.0M 219
WATERFALL VICTORIA MASTER FUND, LTD. Hedge Fund $5,782.9M $1.0M 230
WSMF I AV LP Private Equity Fund $5.8M $1.0M 6
WSMF I ONPOINT INVESTOR LP Private Equity Fund $14.5M $0.0M 11

Control Persons

Name Type Entity Title Since Ownership
CAPASSE, THOMAS, EDWARD Individual – MANAGER 01/2005 < 5%
ROSS, JACK, JAY Individual – MANAGER 01/2005 < 5%
NICK, KENNETH, ADAM Individual – GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER 10/2011 < 5%
WATERFALL PARTNERS HOLDINGS, LP Domestic Entity – MEMBER 01/2016 > 75%
WATERFALL PARTNERS GP, LLC Domestic Entity WATERFALL PARTNERS HOLDINGS, LP GENERAL PARTNER 01/2016
CAPASSE, THOMAS, EDWARD Individual WATERFALL PARTNERS HOLDINGS, LP LIMITED PARTNER 01/2016 25-50%
ROSS, JACK, JAY Individual WATERFALL PARTNERS HOLDINGS, LP LIMITED PARTNER 01/2016 25-50%
HADDAD, LAURENCE, GERMAINE, AYALA Individual – CHIEF FINANCIAL OFFICER 09/2021 < 5%

No. Employees, Historic

20010002019202020212022202320242025137 on 5/6/2019137 on 7/9/2019137 on 2/27/2020159 on 3/30/2020159 on 5/15/2020159 on 8/28/2020147 on 3/30/2021147 on 7/2/2021147 on 9/23/2021171 on 3/31/2022171 on 5/9/2022171 on 5/26/2022171 on 11/29/2022171 on 2/23/2023183 on 3/31/2023183 on 5/26/2023183 on 2/27/2024168 on 3/28/2024

RAUM, Historic

20B10B020192020202120222023202420258942417644 on 5/6/20198942417644 on 7/9/20198942417644 on 2/27/202012429514177 on 3/30/202012429514177 on 5/15/202012429514177 on 8/28/202013535666936 on 3/30/202113535666936 on 7/2/202113535666936 on 9/23/202115492278765 on 3/31/202215492278765 on 5/9/202215492278765 on 5/26/202215492278765 on 11/29/202215492278765 on 2/23/202316323484877 on 3/31/202316323484877 on 5/26/202316323484877 on 2/27/202418607370885 on 3/28/2024

No. Clients, Historic

70350201920202021202220232024202535 on 5/6/201935 on 7/9/201935 on 2/27/202035 on 3/30/202035 on 5/15/202035 on 8/28/202034 on 3/30/202134 on 7/2/202134 on 9/23/202137 on 3/31/202237 on 5/9/202237 on 5/26/202237 on 11/29/202237 on 2/23/202352 on 3/31/202352 on 5/26/202352 on 2/27/202464 on 3/28/2024

Holdings

From latest 13F, filed August 15th, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
ARBOR REALTY TRUST INC NOTE 7.500% 8/0 11M – –
PENNYMAC CORP NOTE 5.500% 3/1 11M – –
READY CAPITAL CORP COM 32M 4M –
REDWOOD TRUST INC NOTE 7.750% 6/1 47M – –
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 15M – –