Investment Team

TOM CAPASSE

Tom Capasse is a managing partner and co-founder of Waterfall Asset Management. Mr. Capasse has over 30 years of structured credit experience globally, having founded, with Jack Ross, Merrill Lynch’s industry-leading ABS Group in the 1980s where they completed many first-time ABS issues and purchased non-performing loans from the Resolution Trust Corporation. Mr. Capasse subsequently managed structured credit Banking & Trading groups at Greenwich Capital, Nomura Securities, and Macquarie Securities. Mr. Capasse began his career as a Fixed Income Analyst at Dean Witter and Bank of Boston and received a B.A. from Bowdoin College in 1979.

JACK ROSS

Jack Ross is a managing partner and co-founder of Waterfall Asset Management. Mr. Ross has over 30 years of ABS and structured credit experience, having completed some of the earliest ABS issues at Drexel Burnham Lambert and co-founded Merrill Lynch’s ABS Group with Tom Capasse. Mr. Ross subsequently managed International Real Estate Debt at Merrill Lynch and founded Licent Capital, a specialty broker/dealer for intellectual property securitization. Mr. Ross began his career as a CPA with Laventhol & Horwath and received a B.S. from the University of Buffalo in 1978 and his MBA from The Wharton School at the University of Pennsylvania in 1984.

KEY EMPLOYEES