-- Experienced Credit Professional Alistair Ho to Expand Operations of 
Waterfall's APAC Investing Business

Waterfall Asset Management, an alternative asset manager, today announced the 
establishment of its Hong Kong office to enhance its capabilities in the 
Asia-Pacific region. Alistair Ho, who recently joined the firm as Managing 
Director and Head of Asia-Pacific ("APAC"), has more than 18 years of 
experience in the region's credit markets, will lead the office.

Waterfall's Hong Kong office will focus on identifying opportunities to 
leverage the firm's differentiated capabilities in structured and securitized 
markets to provide private debt solutions for APAC non-bank financial 
institutions, middle market corporates and real estate-related borrowers.

Waterfall Co-Founders and Managing Partners Jack Ross and Tom Capasse said, "We 
are thrilled to continue our global growth by establishing a physical presence 
in Asia. There is a tremendous opportunity for private debt offerings and 
opportunistic financing across the region, particularly with its growing middle 
market and regulatory changes. Additionally, with our deep expertise and 
ability to craft flexible capital solutions we believe we have considerable 
competitive advantages as we pursue that opportunity on behalf of our 
investors."

Ho joins Waterfall having previously led Natixis Investment Managers 
International Hong Kong Limited. Prior to that, he held senior positions in 
APAC offices for Ostrum Asset Management, Mizuho Securities Asia Limited, 
Credit Suisse and Citigroup, after starting his career in the Structured Credit 
Products Group at Citigroup in New York. Ho earned a master's degree in 
Economics and a bachelor's degree in Economics and Finance from the McGill 
University, and a master's degree in Quantitative Finance from the University 
of Waterloo. He currently serves on the Board of Managers for the Hong Kong 
International School. Ho will report to Patrick Lo, Partner and Head of 
International at Waterfall.

Lo said, "Alistair brings nearly two decades of experience leading and 
investing in structured finance transactions in the APAC-region and we are 
excited to welcome him to the firm. His expertise and relationships will be of 
immediate value for our firm and his passion for investing and working with 
colleagues and counterparties on crafting bespoke solutions to complex 
financial needs make him an outstanding fit with our firm's culture and 
mission."

Waterfall's Hong Kong office is the firm's fourth office globally, alongside 
its headquarters in New York, and operations in London and Dublin.

About Waterfall Asset Management
Waterfall Asset Management is a New York-based investment manager focused on 
structured products and private equity investments. Founded in 2005, the firm 
employs a differentiated relative value approach to investing and extensive 
asset-backed credit expertise to offer compelling investment solutions to its 
clients. As of April 30, 2022, Waterfall manages $10.65B in AUM. Waterfall is 
also the external manager to Ready Capital Corporation (NYSE: RC), a 
multi-strategy real estate finance company and small business lender.

Media Contact:

Prosek Partners
Josh Clarkson
jclarkson@prosek.com

SOURCE: Waterfall Asset Management