Waterfall Raises Funds for Commercial Real Estate Equity, Debt

Specialty finance shop Waterfall Asset Management has raised $485 million in equity commitments for its closed-end real estate fund, which will focus both on CRE equity as well as distressed loans and bonds, according to a Tuesday statement.

• The fund, called Waterfall Atlas Fund, has reached final close and has already deployed $172 million of the fund’s capital across 18 assets
  • Waterfall launched its CRE equity strategy in 2017, led by Patti Unti and Zachary Liebmann
  • It has invested $499 million across 33 assets
  • “We are deeply appreciative of the support for Atlas from a wide range of global ...