Waterfall Asset Management
Hedge Fund SEC-registered adviser
Legal name: Waterfall Asset Management, LLC
AUM
$22.0B
Regulatory AUM
Private funds
31
Hedge Fund 26 · Private Equity 4 · Real Estate 1
Private fund assets
$11.6B
Gross asset value
Employees
133
Last Form D raise
Jul 2026
Most recent fund filing
From SEC Form ADV filing (filed Jul 23, 2026). View on SEC
People
Owners and executive officers named on the firm's SEC Form ADV.
No people listed on the filing.
Funds(31)
Private funds reported on Form ADV, with amounts raised from the funds' SEC Form D filings.
| Fund | Type | Gross assets | Raised (Form D) | Investors | Last Form D | Recency |
|---|---|---|---|---|---|---|
| Waterfall Eagle Fund, LLC | Hedge Fund | $867.4M | $508.5M | 2 | Jul 2026 | Hot |
| Waterfall Silver Spring Fund, LP | Hedge Fund | $119.9M | $200.3M | 2 | Jul 2026 | Hot |
| Waterfall Waverly (cayman) Fund, LP | Hedge Fund | $222.0M | — | — | Mar 2026 | Warm |
| Waterfall Affordable Housing Credit Fund I, LP | Hedge Fund | $107.7M | $116.3M | 105 | Mar 2026 | Warm |
| Waterfall Lasalle Fund, LLC - Series A | Hedge Fund | $79.9M | $105.5M | 4 | Mar 2026 | Warm |
| Waterfall Lasalle Fund, LLC - Series B | Hedge Fund | $35.4M | $105.5M | 4 | Mar 2026 | Warm |
| Waterfall Private Asset-Backed Credit Master Fund I (erisa), LP | Hedge Fund | $124.7M | $112.3M | 17 | Feb 2026 | Warm |
| Waterfall Private Asset-Backed Credit Master Fund I, LP | Hedge Fund | $7.2M | $112.3M | 17 | Feb 2026 | Warm |
| Waterfall Eden Master Fund, LTD. | Hedge Fund | $2.6B | $3.6B | 251 | Oct 2025 | Warm |
| Waterfall Victoria Master Fund, LTD. | Hedge Fund | $1.5B | $1.6B | 99 | Oct 2025 | Warm |
| Waterfall Sandstone Fund, L.P. | Hedge Fund | $920.5M | $500.1M | 3 | Oct 2025 | Warm |
| Waterfall Victoria Master Fund II, LTD. | Hedge Fund | $12.5M | $1.6B | 99 | Oct 2025 | Warm |
| Waterfall Structured Credit Dislocation Fund L.P. | Hedge Fund | $38.2M | $200.0M | 1 | Oct 2025 | Cool |
| Waterfall Dislocation Opportunity Master Fund II, LP | Hedge Fund | $195.8M | $48.0M | 6 | Dec 2024 | Cool |
| Waterfall Big Falls Opportunity Fund I, LP - Series A | Hedge Fund | $155.9M | $100.3M | 2 | Dec 2023 | Cold |
Board seats
Companies whose SEC Form D filings name one of this firm's people as a director, matched by name and office ZIP code.
No board seats matched from SEC filings yet.
Regulatory identifiers
- CRD number
- 137746
- SEC file number
- 801-65087
Sources
- SEC Form ADV Oct 14, 2026