Waterfall Asset Management Makes Key Leadership Transition

Waterfall Asset Management's New Chapter in Leadership

Waterfall Asset Management, LLC, a prominent player in the alternative investment sector, has recently made significant changes in its leadership team. The firm has announced the appointment of Keerthi Raghavan as Co-Chief Investment Officer (Co-CIO). This important role will see him collaborate with the current Co-CIO, Brian Rebello, overseeing and guiding all investment activities at the firm.

The Importance of Leadership at Waterfall

Jack Ross, the Founder and Managing Partner at Waterfall, shared his enthusiasm, stating, "Keerthi has been an integral part of our team since he joined in 2014. His leadership has had a positive impact in various aspects, ranging from enhancing client experiences to implementing strategic initiatives for the firm." This statement underscores the value that Waterfall places on strong leadership.

Thomas Capasse, another key founder and Managing Partner, echoed this sentiment: "We are thrilled to have Keerthi in the Co-CIO role with Brian. His leadership presence is recognized by clients, colleagues, and industry partners, which will further enhance our capacity to deliver customized solutions across asset-backed finance markets." Such remarks highlight the synergy anticipated from the leadership duo.

Farewell to a Longstanding Partner

As Waterfall welcomes Keerthi into his new role, it also bids farewell to current Co-CIO and Partner Patrick Lo, who has decided to resign after nearly two decades with the firm. Capasse acknowledged Lo's contributions, saying, "Patrick's impact on Waterfall has been invaluable. He has been a trusted colleague and a friend over the years, and we wish him the best in all his future endeavors." Patrick's departure marks the end of a significant era for Waterfall Asset Management.

Keerthi Raghavan's Background

Keerthi Raghavan, now Co-CIO, brings extensive experience to his new position. Alongside being a Partner and Head of ABS Strategy within Waterfall, he is also a member of the Investment Committee, demonstrating his well-rounded expertise in investment strategies. Prior to joining Waterfall in 2014, he held the position of Director for CMBS Credit Trading and was the Head of CMBS Research at Barclays Capital. His foundation in finance is impressive, with an MBA from the Indian Institute of Management and a B.S. from the Indian Institute of Technology, alongside over 16 years of industry experience.

Brian Rebello: A Seasoned Co-CIO

Joining Keerthi in the Co-CIO position is Brian Rebello, who has over 25 years of industry experience. Since his entry into Waterfall in 2010, he has played a pivotal role in steering the firm forward. Brian’s previous experiences include being a portfolio manager at Aberdeen Asset Management and holding the position of Vice President and Senior Credit Analyst at Deutsche Asset Management. His educational credentials include an MBA from Miami University and a B.S. in Chemical Engineering from the National Institute of Technology in India, along with being a CFA designation holder.

About Waterfall Asset Management

Waterfall Asset Management specializes in alternative investments with a focus on specialty finance opportunities throughout asset-backed credit, real assets, and whole loans. Established in 2005, Waterfall employs a relative value strategy to source and invest in both private and public markets across more than 60 sectors in the asset-based finance space. This diverse specialization enables the firm to present its clients with compelling risk/return profiles that often remain uncorrelated with traditional investment avenues.

Notably, Waterfall serves as the external manager for Ready Capital Corporation (NYSE: RC), a multi-strategy finance company dedicated to real estate and small business lending. Headquartered in New York City, the firm also maintains additional offices in London and Dublin. As of year-end 2024, Waterfall reported approximately $12.5 billion in assets under management, reflecting its strong position in the market.

Frequently Asked Questions

Who is the new Co-CIO at Waterfall Asset Management?

The new Co-CIO at Waterfall Asset Management is Keerthi Raghavan, who joins current Co-CIO Brian Rebello in leadership.

What qualifications does Keerthi Raghavan have?

Keerthi Raghavan holds an MBA from the Indian Institute of Management and a B.S. from the Indian Institute of Technology, boasting over 16 years of industry experience.

What is the role of Waterfall Asset Management?

Waterfall Asset Management is focused on alternative investments, specializing in asset-backed credit, including whole loans and real assets.

What notable strategies does Waterfall utilize?

The firm employs a relative value approach for investing and sourcing opportunities across various sectors of the asset-based finance markets.

What is the significance of the recent leadership change?

The leadership change aims to strengthen Waterfall's investment strategies and enhance its ability to provide tailored financial solutions to its clients.

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