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Waterfall Private Asset-Backed Credit Master Fund I (erisa), LP

Hedge FundFund ID 805-9975891363Cayman Islands
Gross assets
$124.7M
Min. investment
$5M
Beneficial owners
30
Size rank
Top 39%
Audited
Yes
Structure
Master

About this fund

Waterfall Private Asset-Backed Credit Master Fund I (erisa), LP is a hedge fund managed by Waterfall Asset Management, LLC. The fund reports $124.7 million in gross assets, placing it among the top 39% of private funds by size. The stated minimum investment is $5 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.

Fund details

Fund ID805-9975891363
Fund typeHedge Fund
3(c)(1) exclusionNo
3(c)(7) exclusionYes
Master fundYes
Feeder fundNo
Fund of fundsNo
Relies on exemption from registrationYes
Annual auditYes
Prepared per GAAPYes
Sub-advisedNo
% of assets independently valued0%

Other funds from this manager

FundTypeGross assets
Waterfall Eden Master Fund, Ltd.Hedge$2.58B
Lake Cascade Fund, LPHedge$1.89B
Waterfall Victoria Master Fund, Ltd.Hedge$1.53B
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Frequently asked questions

How large is Waterfall Private Asset-Backed Credit Master Fund I (erisa), LP?

Waterfall Private Asset-Backed Credit Master Fund I (erisa), LP reports $124.7 million in gross assets, among the top 39% of private funds by size.

What is the minimum investment for Waterfall Private Asset-Backed Credit Master Fund I (erisa), LP?

The stated minimum investment is $5 million.

Who manages Waterfall Private Asset-Backed Credit Master Fund I (erisa), LP?

Waterfall Private Asset-Backed Credit Master Fund I (erisa), LP is managed by Waterfall Asset Management, LLC.

Does Waterfall Private Asset-Backed Credit Master Fund I (erisa), LP disclose returns?

No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.

Service providers

Prime broker
None reported
Administrator
Auditor
Marketer

Reported gross assets

$124.7M▼ 51%
Mar '25 — $252.4MApr '25 — $252.4MMay '25 — $252.4MJun '25 — $252.4MJul '25 — $252.4MAug '25 — $252.4MSep '25 — $252.4MOct '25 — $252.4MNov '25 — $252.4MDec '25 — $252.4MJan '26 — $252.4MFeb '26 — $252.4MMar '26 — $124.7MApr '26 — $124.7MMay '26 — $124.7MJun '26 — $124.7M
Mar '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 39%
Larger than 61% of 67,041 private funds
Gross assets vs Hedge FundsTop 52%
Larger than 48% of 12,442 hedge funds
Minimum investmentTop 17%
Higher than 83% of funds reporting a minimum

Investor base

Adviser & related persons1%
Funds of funds2%
Non-U.S. persons46%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.