Waterfall Asset Management, an alternative asset manager, 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 (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.

“We are thrilled to continue our global growth by establishing a physical presence in Asia,” Jack Ross and Tom Capasse, co-founders and managing partners at Waterfall Asset Management, said. “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. Prior to that, he held senior positions in APAC offices for Ostrum Asset Management, Mizuho Securities Asia, Credit Suisse and Citigroup, after starting his career in the Structured Credit Products Group at Citigroup in New York. Ho will report to Patrick Lo, partner and head of international at Waterfall.

“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,” Lo said. 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.”