Car rental company Kyte closed up to $250 million in asset-backed credit financing from Barclays Bank and Waterfall Asset Management. The transaction refinances and upsizes Kyte’s inaugural asset-backed facility.
Ampla, a provider of financial solutions for consumer brands, closed a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management.
OnPoint Warranty Solutions completed a strategic transaction with a private equity vehicle managed by Waterfall Asset Management and Atalaya Capital Management. The investment from Waterfall and Atalaya supports the acquisition of Guardian Protection Products.
Waterfall Asset Management named Patrick Lo and Brian Rebello co-chief investment officers.
Waterfall Asset Management promoted both Leo Wong and Keerthi Raghavan to partner from managing director. Their promotions recognize the leadership of Raghavan and Wong in developing Waterfalls’ high yield ABS trading and residential loan strategies, respectively.
Waterfall Asset Management established 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, will lead the office.
Flexiti Financial, a “buy now, pay later” financial solutions provider in Canada, signed a new C$527 million ($413 million) securitization facility led by National Bank of Canada, with financing also provided by an affiliate of Bank of Montreal and funds managed by Waterfall Asset Management.
The Secured Finance Foundation announced its new board members and co-chairs for 2022 and noted the board members’ various areas of special attention, ranging from education, fundraising and community development to data and next generation initiatives.
Horizon Technology Finance Management entered into an agreement with Waterfall Asset Management to originate and manage a venture debt portfolio. Horizon will originate and manage an initial commitment of $100 million, with the potential to increase to $300 million over time.
Illustrator Jerry Gonzalez shares his take on the return of Andrea Petro to the industry as leader of Waterfall Asset Management’s Specialty Commercial Finance Group after her retirement from Wells Fargo Lender Finance.