NEW
YORK, Sept. 4, 2024 /PRNewswire/ -- Waterfall
Asset Management, LLC ("Waterfall" or the "Firm"), a global
alternative investment adviser with a focus on specialized,
asset-oriented markets, announced today that Zachary Liebmann
and Kenneth Nick have become
Partners in the firm, and Brian Breakstone has returned to his role
as Partner after rejoining the firm.
Liebmann, Nick and Breakstone are based in New York and join the seven current Partners
at the Firm. These appointments reflect the significant
contributions they have each made to Waterfall and their leadership
throughout the Firm's continued growth.
Waterfall Managing Partners and Co-founders Tom Capasse and Jack
Ross said: "We are pleased to welcome Zach and Kenny, and
have Brian back, as partners and appreciate their commitment and
dedication to the Firm. They embody the culture of collaboration
and entrepreneurialism that are hallmarks of Waterfall and the
firm's focus on leveraging our differentiated expertise and
capabilities to help clients achieve their investment goals. It is
an especially active and attractive environment for our innovative
and rigorous approach to asset-oriented investing, and Zach, Kenny,
and Brian will play key roles as we strive to fully capitalize on
that opportunity for our clients and continue to grow the
firm."
Brian Breakstone is the Chief Financial Officer at Waterfall.
Breakstone previously served as Chief Financial Officer and Partner
from 2008 to 2021 and rejoined the Firm in May 2024 after managing his own consulting firm.
Breakstone received his B.B.A. from the University of Michigan and his M.B.A. from
New York University Stern School of
Business.
Zachary Liebmann currently leads
Waterfall's CRE Debt and CLO teams and is a member of the Firm's
Investment Committee. Liebmann joined the Firm in 2013 from
Citigroup, where he started his career trading CMBS and CRE CDOs.
He received his B.S.E. in Operations Research and Financial
Engineering from Princeton
University.
Kenneth Nick is the Chief
Operating Officer, General Counsel, and Chief Compliance Officer at
Waterfall. He joined the Firm in 2011 from Guggenheim Partners,
where he was Senior Counsel. Nick previously worked at Fiduciary
Trust Company and Bear Stearns. He received his A.B. in
Communication from the University of
Michigan and his J.D. from New York Law School.
About Waterfall Asset Management
Waterfall Asset Management is a global alternative investment
manager focused on specialty finance opportunities within
asset-backed credit, whole loans, real assets, and related
strategies. 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
and Dublin. As of June 30, 2024, Waterfall manages approximately
$12.8 billion in assets under
management. To learn more, please visit
www.waterfallam.com.
Media Contact
Prosek Partners
Josh Clarkson / Devin Shorey
pro-waterfallpr@prosek.com
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SOURCE Waterfall Asset Management