8/11/2023 0 Comments Waterfall asset management news![]() ![]() ![]() Waterfall’s CRE equity strategy pursues a differentiated approach that builds on the Firm’s deep presence in the broader debt eco-system. Patti Unti, Managing Director and Head of Waterfall Asset Management’s Commercial Real Estate Equity Strategy said: “We are deeply appreciative of the support for Atlas from a wide range of global investors, including pensions, institutions, family offices and high net worth individuals.” Regarding the opportunity set for the strategy, Patti says, “We believe we are well-positioned to capitalize on ongoing dislocations in the market, which are primarily driven by the combination of rising rates, a tightening credit market, shifting demographics, consumer preferences and over-levered assets.” So far, Waterfall has deployed $172 million of the Fund’s capital across 18 assets. Waterfall initially launched its CRE equity strategy in 2017, led by Patti Unti and Zachary Liebmann, and has invested $499M across 33 assets. Atlas’s strategy builds on the Firm’s experience with investing in the CRE space through debt, bonds, and equity, and insights gained from managing nearly $4.8 billion of its AUM in the sector as of December 2022. The Fund will invest primarily in commercial real estate (CRE) equity as well as distressed loans and bonds. Waterfall Asset Management, a global alternative investment adviser, announced the final closing of its closed-end real estate fund, Waterfall Atlas Fund, which raised a total of $485 million in equity commitments, including through co-investment vehicles. To learn more, please visit Asset Management Closes Atlas Fund at $485M Waterfall is headquartered in New York City, with additional offices in London, Dublin and Hong Kong. As of September 1, 2022, Waterfall manages approximately $11.2 billion in assets under management. Waterfall is also the external manager to Ready Capital Corporation (NYSE: RC), a multi-strategy real estate finance company and small business lender. 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. 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. 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. Tom Buttacavoli has stepped down from the CIO role and is in discussions with the Firm about potential future opportunities. Rebello is also a CFA designation holder. Brian received an MBA from Miami University and a BS in Chemical Engineering from the National Institute of Technology in India. Prior to Aberdeen, he was a Vice President and Senior Credit Analyst at Deutsche Asset Management. Prior to joining Waterfall in 2010, Brian was a portfolio manager at Aberdeen Asset Management. Lo received a BS in Finance from the Massachusetts Institute of Technology.īrian Rebello is a partner at Waterfall with over 22 years of industry experience. Prior to joining Waterfall in 2006, he worked as an analyst at Citigroup Global Markets, focusing on origination, structuring, and financing of various asset classes of ABS. Patrick Lo is a partner at Waterfall with over 17 years of industry experience. Jack Ross, founder and managing partner of Waterfall, commented, "We are thrilled to have Patrick and Brian lead our investment efforts as we continue to grow and evolve to better serve our clients by seeking out differentiated and attractive investment opportunities across geographies and markets." I could not be more excited about the future of our firm with Patrick and Brian helming our investment team, which, along with our excellent business and operations teams, is stronger than it has ever been." "They are both capable investors and leaders with highly complementary skills and backgrounds who exemplify the collaboration, intellectual rigor, and commitment to delivering for clients that underpins our organization. "Patrick and Brian have played key roles in Waterfall's investment efforts and overall evolution since each joined the Firm in its early days," said Tom Capasse, founder and managing partner of Waterfall. Patrick and Brian, both partners of the Firm, have been instrumental in Waterfall's growth and successful investment performance on behalf of its clients over the past 15 years. 9, 2022 /PRNewswire/ - Waterfall Asset Management today announced that Patrick Lo and Brian Rebello have been elevated to Co-Chief Investment Officers. ![]()
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