Industry veteran Tim Nabors joined the company earlier this year and will lead the new initiative.
New York, October 24, 2023 /PRNewswire/ — Waterfall Asset Management, LLC (“Waterfall” or the “Firm”), a global alternative investment advisor, has announced the expansion of its insurance asset management business. Waterfall, which currently manages capital on behalf of insurance clients in asset-backed loan and mortgage lending strategies, is building a dedicated team to deliver tailored investment solutions to insurers with a focus on the entire US residential mortgage market. Active investor since 2007.
This expansion will be monitored Leo WongA partner who manages the waterfall 11 billion dollars whole loan asset strategy for housing with final rent Tim Nabors, Managing Director who joined the firm earlier this year. Tim brings to the Firm more than 25 years of experience managing investments in mortgage-backed securities and all areas of credit for US-based insurance companies. Shalala’s insurance asset management business will build on its expertise in liquid and private asset-based lending and seek to capitalize on its focus on deep credit analysis, conservative credit underwriting, proprietary servicing models and investment infrastructure, and highly skilled capital markets. team.
Leo Wong said, “Insurance partners have always been a critical and valuable part of Waterfall’s investor base, and we are proud of our continued commitment to providing capital-efficient and tailored solutions to these sophisticated clients. Today’s unique market environment offers particularly attractive opportunities for insurers. residential credit space, given the long-term returns and relatively low risk and volatility that can potentially be achieved through thoughtfully structured portfolios.”
Tom KapasseManaging Partner and Co-Founder of Waterfall, added, “We are confident that with our team’s decades of experience in the space, Leo and Tim’s expertise, and Waterfall’s underwriting, structuring, data and analytics capabilities, we are well positioned to partner with leading companies. insurers [around the world] to take advantage of this opportunity. “
Biography of Tim Nabors
Tim Nabors recently joined Waterfall as Director of Portfolio Management, focusing on all credit investments targeting institutional investors. Mr. Nabors has more than 25 years of buyout and investment banking experience. During this time, Mr. Nabors focused on identifying and executing private equity investment strategies for US-based insurance companies and acquired and structured them. 25 billion dollars in mortgage-related portfolios. Most recently, Mr. Nabors was a Portfolio Manager at Pretium Partners, where he focused on all institutional credit mortgage Separately Managed Accounts (SMAs). Prior to Pretium, he held senior investment roles at Nuveen and New York Life, where he managed structured and entire loan mortgage portfolios.
About Waterfall Asset Management
Waterfall Asset Management is a global alternative investment manager focusing on specialty finance opportunities within asset-backed credit, whole loans, real assets and related strategies. Founded in 2005, the firm uses a relative value approach to source and invest in private and public markets across more than 60 sectors of the asset-based finance arena. Through this multi-sector specialization, Shalala strives to provide its clients with an attractive risk/return profile not generally associated with the most traditional investment opportunities. Shalala is also the external manager of Ready Capital Corporation (NYSE: RC ), a multi-strategy real estate finance company and small business lender. Shalala’s head office is located here New York Citywith additional offices London, Dublin and Hong Kong. whom July 1, 2023The waterfall controls approx 12.5 billion dollars in managed assets. Please apply for more information www.waterfallam.com.
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Josh Clarkson / Devin Shorey
SOURCE Waterfall Asset Management