Our Company

Waterfall Asset Management is a global alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, real assets, and private equity. Founded in 2005, the firm utilizes a relative value approach for sourcing and investing in the private and public markets, across 60+ sectors of the asset-based finance arena. Through this multi-sector specialization, Waterfall seeks to provide its clients a compelling risk/return profile which is generally uncorrelated to most traditional investment opportunities. Waterfall is also the external manager to Ready Capital Corporation (NYSE: RC), a multi-strategy real estate finance company and small business lender. Waterfall is headquartered in New York City, with additional offices in London, Dublin, and Hong Kong.  As of July 1, 2022, Waterfall manages approximately $11.0 billion in assets under management.

 

  • 1980’s

    Tom Capasse and Jack Ross are early leaders of the ABS market, establishing the ABS desk at Merrill Lynch.

    Capasse and Ross lead the first deals in many of the 40+ sectors being securitized today.

    Advised on and purchase non-performing loan assets from Resolution Trust Corporation.

  • 2005

    Capasse and Ross found Waterfall and introduce the Firm’s High Yield ABS Strategy.
  • 2007

    Waterfall launches its Loan Opportunity Strategy with an initial focus on residential Non-Performing Loans (NPL) and Small Balance Commercial Mortgage Loans. The firm’s assets under management increase to $1 billion AA-rated non-recourse senior noted issued.
  • 2009

    Waterfall introduces separately managed ABS accounts.
  • 2010

    Through its NPL strategy, Waterfall issues non-recourse senior notes secured by NPLs.
  • 2011

    Waterfall launches stand-alone Small Balance Commercial Loan Strategy and issues first SBC ABS since credit crisis.
  • 2015

    Waterfall’s assets under management reach over $5 billion, and the firm’s staff grows to over 70 employees.
  • 2016

    Waterfall establishes a London office. Sutherland Asset Management Corporation, a REIT externally managed by Waterfall, starts trading on the New York Stock Exchange (NYSE: SLD).
  • 2017

    Waterfall’s assets under management reach over $6.5 billion, and the firm’s staff grows to over 100 employees. Waterfall launches a new Private Equity platform focused on the financial services sector.