Waterfall Asset Management Establishes Asia-Pacific Presence with Hong Kong Office and Senior Hire

Rhea-AI Summary

Waterfall Asset Management has announced the opening of a new office in Hong Kong to enhance its operations in the Asia-Pacific (APAC) region. Alistair Ho, a seasoned credit professional with 18 years of experience, will lead the office as Managing Director and Head of APAC. The firm aims to leverage its expertise in structured and securitized markets to offer private debt solutions targeted at non-bank financial institutions and middle-market corporates. As of April 30, 2022, Waterfall manages $10.65B in assets under management (AUM).

Positive

• Establishment of Hong Kong office to strengthen APAC operations.
• Hiring of Alistair Ho, bringing 18 years of regional credit market experience.
• Focus on private debt solutions for non-bank financial institutions and corporates.
• Waterfall manages $10.65B in AUM, indicating strong financial standing.

Negative

• None.

Experienced Credit Professional Alistair Ho to Expand Operations of Waterfall's APAC Investing Business

NEW YORK, Aug. 10, 2022 /PRNewswire/ -- Waterfall Asset Management, an alternative asset manager, today announced the establishment of its Hong Kong office to enhance its capabilities in the Asia-Pacific region. Alistair Ho, who recently joined the firm as Managing Director and Head of Asia-Pacific ("APAC"), has more than 18 years of experience in the region's credit markets, will lead the office.

Waterfall's Hong Kong office will focus on identifying opportunities to leverage the firm's differentiated capabilities in structured and securitized markets to provide private debt solutions for APAC non-bank financial institutions, middle market corporates and real estate-related borrowers.

Waterfall Co-Founders and Managing Partners Jack Ross and Tom Capasse said, "We are thrilled to continue our global growth by establishing a physical presence in Asia. There is a tremendous opportunity for private debt offerings and opportunistic financing across the region, particularly with its growing middle market and regulatory changes. Additionally, with our deep expertise and ability to craft flexible capital solutions we believe we have considerable competitive advantages as we pursue that opportunity on behalf of our investors."

Ho joins Waterfall having previously led Natixis Investment Managers International Hong Kong Limited. Prior to that, he held senior positions in APAC offices for Ostrum Asset Management, Mizuho Securities Asia Limited, Credit Suisse and Citigroup, after starting his career in the Structured Credit Products Group at Citigroup in New York. Ho earned a master's degree in Economics and a bachelor's degree in Economics and Finance from the McGill University, and a master's degree in Quantitative Finance from the University of Waterloo. He currently serves on the Board of Managers for the Hong Kong International School. Ho will report to Patrick Lo, Partner and Head of International at Waterfall.

Lo said, "Alistair brings nearly two decades of experience leading and investing in structured finance transactions in the APAC-region and we are excited to welcome him to the firm. His expertise and relationships will be of immediate value for our firm and his passion for investing and working with colleagues and counterparties on crafting bespoke solutions to complex financial needs make him an outstanding fit with our firm's culture and mission."

Waterfall's Hong Kong office is the firm's fourth office globally, alongside its headquarters in New York, and operations in London and Dublin.

About Waterfall Asset Management
Waterfall Asset Management is a New York-based investment manager focused on structured products and private equity investments. Founded in 2005, the firm employs a differentiated relative value approach to investing and extensive asset-backed credit expertise to offer compelling investment solutions to its clients. As of April 30, 2022, Waterfall manages $10.65B in AUM. Waterfall is also the external manager to Ready Capital Corporation (NYSE: RC), a multi-strategy real estate finance company and small business lender.

Media Contact:

Prosek Partners
Josh Clarkson
jclarkson@prosek.com

 

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SOURCE Waterfall Asset Management

FAQ

What is the purpose of Waterfall Asset Management's new Hong Kong office?

The new Hong Kong office aims to enhance Waterfall's operations in the Asia-Pacific region and provide private debt solutions to non-bank financial institutions and middle-market corporates.

Who is Alistair Ho, and what experience does he bring to Waterfall?

Alistair Ho is the new Managing Director and Head of APAC at Waterfall, with over 18 years of experience in the region's credit markets.

What are the main services offered by Waterfall's new office in Hong Kong?

The Hong Kong office will focus on private debt solutions and leveraging structured and securitized markets.

How much does Waterfall Asset Management manage in assets under management?

As of April 30, 2022, Waterfall manages $10.65 billion in assets under management.

When was the announcement about the new Hong Kong office made?

The announcement was made on August 10, 2022.