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Waterfall Asset Management names three new partners

Thursday, September 05, 2024
Opalesque Industry Update - Waterfall Asset Management, LLC, a global alternative investment adviser with a focus on specialised, asset-oriented markets, announced today that Zachary Liebmann and Kenneth Nick have become Partners in the firm, and Brian Breakstone has returned to his role as Partner after rejoining the firm.

Liebmann, Nick and Breakstone are based in New York and join the seven current Partners at the Firm. These appointments reflect the significant contributions they have each made to Waterfall and their leadership throughout the Firm's continued growth…

Brian Breakstone is the Chief Financial Officer at Waterfall. Breakstone previously served as Chief Financial Officer and Partner from 2008 to 2021 and rejoined the Firm in May 2024 after managing his own consulting firm. Breakstone received his B.B.A. from the University of Michigan and his M.B.A. from New York University Stern School of Business.

Zachary Liebmann currently leads Waterfall's CRE Debt and CLO teams and is a member of the Firm's Investment Committee. Liebmann joined the Firm in 2013 from Citigroup, where he started his career trading CMBS and CRE CDOs. He received his B.S.E. in Operations Research and Financial Engineering from Princeton University.

Kenneth Nick is the Chief Operating Officer, General Counsel, and Chief Compliance Officer at Waterfall. He joined the Firm in 2011 from Guggenheim Partners, where he was Senior Counsel. Nick previously worked at Fiduciary Trust Company and Bear Stearns. He received his A.B. in Communication from the University of Michigan and his J.D. from New York Law School.

Waterfall Asset Management is a global alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, real assets, and related strategies. Founded in 2005, the firm utilises a relative value approach for sourcing and investing in the private and public markets, across 60+ sectors of the asset-based finance arena.

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