Waterfall Asset Management LLC
Financial ServicesNew York, United States51-200 Employees
Waterfall Asset Management, LLC is an SEC-registered institutional asset manager that concentrates on structured credit, including asset-backed securities and loans, as well as private equity investments. It was founded in 2005 by Tom Capasse and Jack Ross, who previously led Merrill Lynch's ABS Group and helped issue securities across more than 40 ABS sectors. The firm employs a relative value approach to identify ABS and loan opportunities across multiple sectors globally, aiming to build portfolios with diversified risk and return profiles for institutional clients. Headquartered in New York City, New York, Waterfall operates within the financial services industry with a multi-sector focus on structured credit and loans. In 2026, the firm announced an expansion of its partnership with PremFina to support growth, reflecting ongoing collaboration with external partners to broaden its financing capabilities.