Waterfall Asset Management

Waterfall Asset Management, LLC is an employee-owned hedge fund based in New York City, specializing in asset-backed securities and loan investments. Founded in 2004, the firm serves a diverse clientele, including investment companies, pension plans, corporations, and government entities. Waterfall manages portfolios tailored to individual clients, focusing on fixed income markets globally. It employs distressed/vulture, loan, and absolute return strategies, utilizing both fundamental and quantitative analysis in its investment approach. The firm combines in-house expertise with external research to identify and acquire high yield asset-backed securities and loans across various sectors. As of December 31, 2014, Waterfall Asset Management had approximately $4.3 billion in assets under management.

Russ Andrews

Managing Director, Business Development

Crager Boardman

COO

Brian Breakstone

Chief Financial Officer

Thomas Buttacavoli

Portfolio Manager

Thomas Edward Capasse

Managing Partner and Co-Founder

Patrick Lo

Co - Chief Investment Officer

John Nelligan

Managing Director, Private Equity

Bruce Rodio

Managing Director, Business Development and Investor Relations

Jack Ross

Managing Partner and Co-Founder

20 past transactions

FINN

Series B in 2022
At finn our mission is to make mobility fun and sustainable: We help everyone who loves driving their own car but refuses the struggle, commitment and intransparent costs associated with car ownership. We achieve this by offering all-inclusive, immediately available, monthly car-subscriptions. Best thing, yet: While you drive we plant trees as every journey is CO2 compensated.

in3

Series B in 2022
Capayable was founded in 2013 at the heart of Eindhoven's innovative top technology region with one goal: creating ease of payment for online shoppers. We do this by paying online shoppers safely afterwards or in installments at 0% interest. At the same time, we take over the potential risks of the webshop. This together makes it increasingly popular with online shoppers and webshops for Capayable payment solutions.

Deserve Inc.

Debt Financing in 2022
Deserve, Inc. is a financial services company based in Menlo Park, California, that specializes in providing credit cards and financial products to international students in the United States. Founded in 2012 and rebranded from Tremus, Inc. in 2017, Deserve utilizes a unique approach to assess creditworthiness by considering factors beyond traditional credit history, such as education, major, cost of education, initial funding sources, and future employability. This innovative method addresses the challenges faced by young individuals who often lack a credit history, thereby enabling them to access fair credit opportunities. Deserve's compliance framework adheres to stringent legal standards, incorporating enhanced identity verification and consistent lending practices to ensure security. The company's streamlined process from application to account management is designed to be simple and efficient, reflecting its commitment to helping customers achieve financial independence.

FINN

Debt Financing in 2022
At finn our mission is to make mobility fun and sustainable: We help everyone who loves driving their own car but refuses the struggle, commitment and intransparent costs associated with car ownership. We achieve this by offering all-inclusive, immediately available, monthly car-subscriptions. Best thing, yet: While you drive we plant trees as every journey is CO2 compensated.

FINN

Debt Financing in 2021
At finn our mission is to make mobility fun and sustainable: We help everyone who loves driving their own car but refuses the struggle, commitment and intransparent costs associated with car ownership. We achieve this by offering all-inclusive, immediately available, monthly car-subscriptions. Best thing, yet: While you drive we plant trees as every journey is CO2 compensated.

Flexiti

Debt Financing in 2021
Flexiti Financial Inc. is a sales financing company based in Toronto, Canada, with an additional office in Rosario, Argentina. Founded in 2013, Flexiti specializes in providing flexible sales financing options, including lower interest rates, longer payment terms, and revolving credit, primarily targeting the retail, health, and home improvement sectors. The company utilizes a mobile application process and patented ID scanning technology to facilitate point-of-sale financing for consumers, ensuring a quick and efficient application experience. Flexiti's focus on customer service and its robust credit policies enable high credit approval rates, allowing consumers to access promotional offers and shop conveniently at a network of retailers. By leveraging advanced technology and operational excellence, Flexiti aims to enhance the purchasing experience for customers while supporting business growth for its partners.

Ribbon

Series C in 2021
Ribbon Home, Inc. operates an online real estate platform that facilitates the buying and selling of properties. Founded in 2017 and based in New York, the company aims to make homeownership more accessible by allowing clients to purchase a new home before selling their existing one. This model provides homeowners with the flexibility and time needed to secure the best possible price for their current property. Ribbon collaborates with realtors in local markets, creating a supportive ecosystem that simplifies the home buying process and eliminates mortgage contingencies, thereby reducing stress for families looking to transition to their next home.

Funding Circle

Post in 2019
Funding Circle is a London-based online lending platform established in 2010 that connects investors with small and medium-sized businesses seeking capital. Operating in the United Kingdom, the United States, Germany, the Netherlands, and Spain, Funding Circle facilitates direct lending through its marketplace, allowing a variety of investors—including individuals, banks, local councils, and institutional investors—to fund business loans. The platform offers both secured and unsecured loans to help businesses with various financial needs, such as working capital, asset purchases, and property development. Additionally, Funding Circle collaborates with institutional investors on securitization programs and issues loan payment dependent debt securities. By bridging the gap between businesses in need of funding and investors seeking attractive returns, Funding Circle aims to create a mutually beneficial relationship that supports economic growth and job creation.

Lendable

Debt Financing in 2019
Lendable is a lending platform. When you borrow money, it comes straight from an investor. Unlike banks, who hand out loans from piles of cash they look after on behalf of savers. Their platform is super-fast (you’ll see in a moment), and makes lending as hassle- free as possible. It’s a matter of a few clicks and you get your quote. Unlike banks, who require paperwork and run expensive branch networks.

Lendable

Debt Financing in 2019
Lendable is a lending platform. When you borrow money, it comes straight from an investor. Unlike banks, who hand out loans from piles of cash they look after on behalf of savers. Their platform is super-fast (you’ll see in a moment), and makes lending as hassle- free as possible. It’s a matter of a few clicks and you get your quote. Unlike banks, who require paperwork and run expensive branch networks.

Flex Fleet Rental

Venture Round in 2019
Flex Fleet Rental offers 4×4 light-duty truck rentals to commercial operations and consumers nationwide. We are a team of truck rental professionals who focus on customer relationships and making the truck rental process more efficient. We deliver the right trucks, at the right time, and in the right place. We offer light and heavy duty pick up trucks (including 1/2 ton and 3/4 ton trucks) and flatbed trucks (including 1 ton and 1.5 ton trucks).

Future Finance

Debt Financing in 2018
Future Finance is a non-government lender that offers student loans. Its mission is to provide loans for students that are simple, straightforward, and based on where they're heading, not where they've been. Future Finance helps students focus on what matters. Therefore, it aims to ensure everyone has the freedom to focus on their studies or kickstart their career whatever their financial background may be. It was founded in 2014 by Brian Norton and Vishal Garg and is headquartered in Dublin.

Fundation

Debt Financing in 2018
Fundation Group LLC develops and provides digital credit lending platform that connects financial institutions and small businesses. The company partners with banks and other institutions to provide working capital and growth capital to the small business community. It offers outsourced lending and referral programs, along with point of sale financing solutions. Fundation Group LLC was founded in 2011 and is based in Reston, Virginia.

BorrowersFirst

Debt Financing in 2017
Our name says it all. We provide personal loans, and give our customers the lowest rates possible. No perks on our end. We spend less to give you more. *BorrowersFirst, BorrowersFirst.com, the BorrowersFirst logo, and ConnectedCredit are trademarks of BorrowersFirst, Inc., a Delaware corporation.

EdgeCo

Private Equity Round in 2017
EdgeCo is a provider of best-in-class technology-enabled solutions for financial intermediaries and their clients.

FlexShopper

Post in 2015
FlexShopper, Inc. is an online lease-to-own retailer based in Boca Raton, Florida, that provides consumers with access to a wide range of products, including residential furniture, electronics, appliances, and household accessories. Through its platform, FlexShopper.com, the company offers over 140,000 items from various brands, allowing customers to acquire these goods through affordable weekly payments. FlexShopper also facilitates lease-to-own transactions for third-party retailers and e-tailers, utilizing its patented payment method to streamline the purchasing process. Founded in 2003, FlexShopper aims to provide a flexible and accessible way for consumers to obtain durable goods without the need for upfront payments.