Waterfall Sandstone Fund, L.P.
Hedge FundFund ID 805-4489347300Cayman Islands
Gross assets
$920.5M
Min. investment
—
Beneficial owners
3
Size rank
Top 8%
Audited
Yes
Structure
Standalone
About this fund
Waterfall Sandstone Fund, L.P. is a hedge fund managed by Waterfall Asset Management, LLC. The fund reports $920.5 million in gross assets, placing it among the top 8% of private funds by size. 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 ID | 805-4489347300 |
| Fund type | Hedge Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Waterfall Eden Master Fund, Ltd. | Hedge | $2.58B |
| Lake Cascade Fund, LP | Hedge | $1.89B |
| Waterfall Victoria Master Fund, Ltd. | Hedge | $1.53B |
See all 29 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is Waterfall Sandstone Fund, L.P.?
Waterfall Sandstone Fund, L.P. reports $920.5 million in gross assets, among the top 8% of private funds by size.
Who manages Waterfall Sandstone Fund, L.P.?
Waterfall Sandstone Fund, L.P. is managed by Waterfall Asset Management, LLC.
Does Waterfall Sandstone Fund, L.P. disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
W
New York, NY
Service providers
Reported gross assets
$920.5M▼ 28%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 8%
Larger than 92% of 67,041 private funds
Gross assets vs Hedge FundsTop 17%
Larger than 83% of 12,442 hedge funds
Investor base
Adviser & related persons%
Funds of funds%
Non-U.S. persons99%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.