9/10/2023 0 Comments Waterfall asset management newsAs of July 1, 2022, Waterfall manages approximately $11.0 billion in assets under management. 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. 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. 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. 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. We look forward to their success and growth as the firm continues to expand across geographies and asset classes to identify markets where we have an advantage in our continued effort to deliver market-leading risk-adjusted returns for our clients." Tom Capasse, co-founder of Waterfall along with Jack Ross, said: "Waterfall is driven by the innovative and entrepreneurial nature its employees bring to capital solutions, and Keerthi and Leo have embodied that ethos during their tenure. Raghavan received a B.Tech in Electronics and Communications Engineering from the Indian Institute of Technology and an M.B.A. He joined Waterfall in 2014 from Barclays Capital where he led the firm's CMBS Research division. Raghavan leads Waterfall's Bond Trading strategy focusing on investments in ABS, CMBS, RMBS, CLOs and Corporates, and is a member of the Waterfall Investment Committee. in Computer Science and Electrical Engineering from the Massachusetts Institute of Technology. Wong started his career in RMBS and ABS research in Fidelity Investment's Structured Products Group after earning a B.S. He joined Waterfall in 2007 to lead the firm's residential loan investment and trading activities, most recently serving as Head of Loan Strategies and as a member of the Waterfall Investment Committee. Wong has over 15 years of industry experience. Their promotions recognize the leadership of Raghavan and Wong in developing Waterfalls' high yield ABS trading and residential loan strategies, respectively. Wong and Raghavan are based in the firm's New York office and join the six current Partners at the firm. 12, 2022 /PRNewswire/ - Waterfall Asset Management is pleased to announce the promotion of both Leo Wong and Keerthi Raghavan to Partner from Managing Director. Posted at 22 Jan 18:11 in News Press Releases by. We look forward to continuing to work with Waterfall to support the growth of small businesses across the UK, driving much-needed job creation across the country as a result.”įunding Circle also reported that the announcement is a “further recognition” of the online lending model’s ability to open up deep pools of capital to small businesses, creating more choice and competition in the small business lending market and creates a more stable ecosystem and reduces dependency on bank lending, as recommended by the Bank of England and European Central Bank.Firm expands senior leadership with internal promotions from loan and bond strategies B2Holding acquires unsecured NPL portfolio in Cyprus for new partnership with Waterfall Asset Management. “This latest securitization further validates the attractive, risk-adjusted returns that are being generated for investors in SME loans. While sharing more details about the securitization, Sachin Patel, Chief Capital Officer at Funding Circle, stated: The company is externally managed and advised by Waterfall Asset Management, LLC. Despite the Waterfall Asset Management, startups are often financed by Invus. Headquartered in New York, New York, Ready Capital employs over 400 lending professionals nationwide. The typical case for the fund is to invest in rounds with 1-2 participants. The duo reported that the portfolio brings the total amount of UK Funding Circle loans securitized to £1 billion and the deal will notably open up the small business loans asset class to an even wider range of investors such as insurance companies and pension funds. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Marketplace lending company Funding Circle ( LSE:FCH) recently unveiled its £250 million securitization of SME loans with Waterfall Asset Management. Centennial, a Dallas-based real estate investment firm, purchased the mall in May with investors Dallas-based Cawley Partners and New York-based Waterfall Asset Management.
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