Waterfall Asset Management
Waterfall Asset Management is a private credit and private equity manager in New York, NY. It is registered with the SEC as an investment adviser with $22B in regulatory assets and 133 staff. It has 21 funds on file, the latest reported in July 2026.
Latest fund filing
Funds
History
Waterfall Asset Management is based in New York, New York, and runs private credit and private equity funds. Private credit means lending by funds rather than banks. The firm is a registered investment adviser with $22B in regulatory assets and 133 staff as of August 2026.
Waterfall Sentinel Fund I (Cayman I) LP began raising in January 2021 and reported $20M against a $300M target in January 2021. Waterfall Eagle Fund, LLC reported $508.5M from two investors in July 2026, Waterfall Atlas Fund (Cayman) LP has not reported money raised yet as of August 2022, Waterfall Residential Credit Opportunity Fund I, LP reported $100.2M in December 2023, and Waterfall Silver Spring Fund, LP reported $200.2M from two investors in July 2026. The firm also has 15 other smaller vehicles.
Waterfall Private Asset-Backed Credit Fund I (Cayman), LP started raising in February 2025 and reported $116.2M toward a $750M target in February 2026. Texas Municipal committed $200M to Waterfall Eden Fund, LP in 2017.