STOCK TITAN

Waterfall Asset Management Names Three New Partners

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Waterfall Asset Management, a global alternative investment adviser, has announced the appointment of three new Partners: Zachary Liebmann, Kenneth Nick, and Brian Breakstone. These appointments reflect their significant contributions to the firm and leadership in its continued growth. Liebmann leads Waterfall's CRE Debt and CLO teams, Nick serves as Chief Operating Officer, General Counsel, and Chief Compliance Officer, while Breakstone has returned as Chief Financial Officer. The Managing Partners and Co-founders, Tom Capasse and Jack Ross, emphasized that these appointments align with Waterfall's culture of collaboration and entrepreneurialism, as well as its focus on leveraging expertise to help clients achieve investment goals. The firm views the current environment as particularly active and attractive for their asset-oriented investing approach.

Waterfall Asset Management, un consulente globale per investimenti alternativi, ha annunciato la nomina di tre nuovi Partner: Zachary Liebmann, Kenneth Nick e Brian Breakstone. Queste nomine riflettono i loro contributi significativi all'azienda e la leadership nella continua crescita della stessa. Liebmann guida i team di CRE Debt e CLO di Waterfall, Nick ricopre il ruolo di Chief Operating Officer, General Counsel e Chief Compliance Officer, mentre Breakstone è tornato come Chief Financial Officer. I Managing Partners e Co-fondatori, Tom Capasse e Jack Ross, hanno sottolineato che queste nomine si allineano con la cultura di collaborazione e imprenditorialità di Waterfall, così come con il suo focus nell'utilizzare l'esperienza per aiutare i clienti a raggiungere gli obiettivi d'investimento. L'azienda considera l'attuale contesto particolarmente attivo e attraente per il loro approccio agli investimenti orientati agli asset.

Waterfall Asset Management, un asesor global de inversiones alternativas, ha anunciado el nombramiento de tres nuevos socios: Zachary Liebmann, Kenneth Nick y Brian Breakstone. Estos nombramientos reflejan sus contribuciones significativas a la firma y su liderazgo en el crecimiento continuo de la misma. Liebmann lidera los equipos de CRE Debt y CLO de Waterfall, Nick se desempeña como Director de Operaciones, Consejero General y Director de Cumplimiento, mientras que Breakstone ha regresado como Director Financiero. Los Managing Partners y cofundadores, Tom Capasse y Jack Ross, enfatizaron que estos nombramientos se alinean con la cultura de colaboración y emprendimiento de Waterfall, así como con su enfoque en aprovechar la experiencia para ayudar a los clientes a alcanzar sus objetivos de inversión. La firma considera que el entorno actual es particularmente activo y atractivo para su enfoque de inversión orientado a los activos.

워터폴 자산 관리(Waterfall Asset Management), 글로벌 대체 투자 자문 회사가 세 명의 새로운 파트너인 자카리 리브먼(Zachary Liebmann), 케네스 닉(Kenneth Nick), 브라이언 브레이크스톤(Brian Breakstone)의 임명을 발표했습니다. 이 임명은 회사에 대한 그들의 중요한 기여와 지속적인 성장의 리더십을 반영합니다. 리브먼은 워터폴의 CRE 부채 및 CLO 팀을 이끌고, 닉은 COO, 법률 고문 및 준법 감시인으로 재직하고 있으며, 브레이크스톤은 CFO로 복귀하였습니다. 관리 파트너인 톰 카파세(Tom Capasse)와 잭 로스(Jack Ross)는 이러한 임명이 워터폴의 협업 및 기업가 정신 문화와 고객이 투자 목표를 달성하는 데 도움을 주기 위해 전문성을 활용하는 데 중점을 둔 것과 일치한다고 강조했습니다. 이 회사는 현재 환경이 자산 지향적 투자 접근 방식에 특히 활발하고 매력적이라고 보고 있습니다.

Waterfall Asset Management, un conseiller mondial en investissements alternatifs, a annoncé la nomination de trois nouveaux partenaires : Zachary Liebmann, Kenneth Nick et Brian Breakstone. Ces nominations reflètent leurs contributions significatives à la firme et leur leadership dans sa croissance continue. Liebmann dirige les équipes CRE Debt et CLO de Waterfall, Nick occupe le poste de directeur des opérations, conseiller général et responsable de la conformité, tandis que Breakstone a repris son poste de directeur financier. Les Managing Partners et cofondateurs, Tom Capasse et Jack Ross, ont souligné que ces nominations sont en accord avec la culture de collaboration et d'entrepreneuriat de Waterfall, ainsi que son objectif d'exploiter l'expertise pour aider les clients à atteindre leurs objectifs d'investissement. La firme considère que l'environnement actuel est particulièrement actif et attrayant pour son approche d'investissement axée sur les actifs.

Waterfall Asset Management, ein globaler Berater für alternative Investments, hat die Ernennung von drei neuen Partnern bekannt gegeben: Zachary Liebmann, Kenneth Nick und Brian Breakstone. Diese Ernennungen spiegeln ihre bedeutenden Beiträge zur Firma sowie ihre Führungsrolle im fortwährenden Wachstum wider. Liebmann leitet die CRE Debt und CLO Teams von Waterfall, Nick ist als Chief Operating Officer, General Counsel und Chief Compliance Officer tätig, während Breakstone als Chief Financial Officer zurückgekehrt ist. Die Managing Partners und Mitbegründer, Tom Capasse und Jack Ross, betonten, dass diese Ernennungen mit der Kultur der Zusammenarbeit und des Unternehmertums von Waterfall in Einklang stehen, sowie mit dem Fokus darauf, Expertise zu nutzen, um Kunden bei der Erreichung ihrer Anlageziele zu unterstützen. Das Unternehmen hält das aktuelle Umfeld für besonders aktiv und attraktiv für ihren asset-orientierten Investitionsansatz.

Positive
  • Appointment of three new Partners, indicating growth and stability in leadership
  • Return of Brian Breakstone as CFO, bringing back experienced leadership
  • Expansion of expertise in CRE Debt, CLO, operations, legal, and compliance areas
  • Firm's focus on leveraging differentiated expertise for client investment goals
  • Management's view of an active and attractive environment for asset-oriented investing
Negative
  • None.

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 

Cision View original content:https://www.prnewswire.com/news-releases/waterfall-asset-management-names-three-new-partners-302238234.html

SOURCE Waterfall Asset Management

FAQ

Who are the new Partners appointed at Waterfall Asset Management?

Waterfall Asset Management has appointed Zachary Liebmann and Kenneth Nick as new Partners, while Brian Breakstone has returned to his role as Partner after rejoining the firm.

What is Zachary Liebmann's role at Waterfall Asset Management?

Zachary Liebmann leads Waterfall's CRE Debt and CLO teams and is a member of the Firm's Investment Committee. He joined the firm in 2013 from Citigroup.

What positions does Kenneth Nick hold at Waterfall Asset Management?

Kenneth Nick serves as the Chief Operating Officer, General Counsel, and Chief Compliance Officer at Waterfall Asset Management. He joined the firm in 2011.

When did Brian Breakstone rejoin Waterfall Asset Management as CFO?

Brian Breakstone rejoined Waterfall Asset Management as Chief Financial Officer in May 2024, after previously serving in the same role from 2008 to 2021.

Ready Capital Corporation

NYSE:RC

RC Rankings

RC Latest News

RC Stock Data

1.22B
166.71M
1%
61.4%
11.84%
REIT - Mortgage
Real Estate Investment Trusts
Link
United States of America
NEW YORK