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Waterfall Asset Management, LLC

● SEC registered since 2006CRD 137746SEC# 801-65087New York, NY
Export (members)
Ranks #526 of 6,004 private fund managers by regulatory AUM.
Reg. AUM
$22.04B
Fund GAV
$11.37B
Private funds
30
Employees
133
Accounts
68
Location
New York, NY

Waterfall Asset Management, LLC assets under management

Waterfall Asset Management, LLC operates as an SEC-registered investment adviser based in New York, NY. The firm has been registered since 2006. It reports $22 billion in regulatory assets under management and employs 133 people. Waterfall Asset Management, LLC manages 30 private funds with combined gross assets of $11.4 billion, including Waterfall Eden Master Fund, Ltd. By regulatory assets, it ranks 526 of 6,004 private fund managers.

Waterfall Asset Management, LLC private funds

30 funds · $11.37B GAV
FundTypeGross assetsMin.
Waterfall Eden Master Fund, Ltd.Hedge$2.58B$1M
Lake Cascade Fund, LPHedge$1.89B
Waterfall Victoria Master Fund, Ltd.Hedge$1.53B$1M
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Waterfall Asset Management, LLC owners & executives

8 reported
NameTitleOwnershipSince
Brian Breakstone ControlChief Financial OfficerUnder 5%2024
Jack Jay Ross ControlManagerUnder 5%2005
Kenneth Adam NickGeneral Counsel, Chief Compliance Officer, Chief Operating OfficerUnder 5%2011
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Frequently asked questions

How much does Waterfall Asset Management, LLC manage?

Waterfall Asset Management, LLC reports $22 billion in regulatory assets under management on its Form ADV.

How many private funds does Waterfall Asset Management, LLC manage?

Waterfall Asset Management, LLC manages 30 private funds with combined gross assets of $11.4 billion.

How many employees does Waterfall Asset Management, LLC have?

Waterfall Asset Management, LLC reports 133 employees.

Where is Waterfall Asset Management, LLC located?

Waterfall Asset Management, LLC is based in New York, NY and has been SEC-registered since 2006.

Does Waterfall Asset Management, LLC disclose fund performance?

Waterfall Asset Management, LLC is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.

Contact & registration

Address1251 Avenue of the Americas, 50th Floor, New York, NY 10020
Phone212-257-4600
Fax212-257-4699
Office hours9:00 A.M - 5:00 p.m.
SEC regionNew York Regional Office (NYRO)
Discloses disciplinary historyNo

Regulatory AUM

$22.04B▼ 13%
Mar '25 — $25.28BApr '25 — $25.28BMay '25 — $25.28BJun '25 — $25.28BJul '25 — $25.28BAug '25 — $25.28BSep '25 — $25.28BOct '25 — $25.28BNov '25 — $25.28BDec '25 — $25.28BJan '26 — $25.28BFeb '26 — $25.28BMar '26 — $22.04BApr '26 — $22.04BMay '26 — $22.04BJun '26 — $22.04B
Mar '25Form ADV, monthlyJun '26

How this firm compares

Regulatory AUMTop 5%
Larger than 95% of 16,271 advisers
AUM vs fund managersTop 9%
Larger than 91% of 6,004 private-fund managers
Number of fundsTop 7%
More funds than 93% of fund managers
EmployeesTop 6%
More than 94% of 16,825 advisers

Assets under management

$22.04Bregulatory AUM
Discretionary $22.04B

Fund type mix

Hedge25
Private Equity4
Real Estate1

Service providers