Form D · Private Equity Fund
Waterfall Private Asset-Backed Credit Fund I (ERISA), LP
Camana Bay, Grand Cayman, E9 · CIK 0002054267
Offering snapshot reported Feb 10, 2026 · SEC filing
- Reported sold
- $24M Offering amount: $750M
- Investors reported
- 1 Form D · investor count
- Minimum accepted
- $5M Reported outside-investor minimum
- First sale
- Feb 14, 2025 As reported in this filing
What changed?
Latest filing versus its linked predecessor, where available.
- Reported investors0 → 1
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Feb 10, 2026 | Amendment | $24,000,000 | No comparison | 1 | SEC filing |
| Feb 7, 2025 | Initial | Yet to sell | No comparison | 0 | SEC filing |
Offering details
- Securities
- Pooled investment fund
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $209K (estimated)
- Finders' fees
- $0
- Form D file number
- 021-537699
Total Offering Amount applies to Issuer and certain related entities. Total Amount Sold applies to Issuer only. Total Remaining to be Sold reflects amounts to be sold by Issuer and/or certain related entities.
The Investment Manager pays a portion of the fees, which may vary from time to time, to the selling agent.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Threadmark LP | 173318 |
Source: Form D, filed Feb 10, 2026. Minimum accepted may differ from a standard advertised minimum.
Fund connections
The linked fund shows its most recently reported ADV details.
Matched by reported Form D file number
WATERFALL PRIVATE ASSET-BACKED CREDIT FUND I (ERISA), LP
Investment adviser: WATERFALL ASSET MANAGEMENT, LLC
- Gross asset value
- Not reported
- Beneficial owners
- Not reported
- ADV minimum commitment
- Not reported
Reported in Form ADV on Jul 23, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
No provider names available in this fund's imported disclosure.
Provider details
- Annual audit
- Not reported
- Prime brokers
- Not reported
- Custodians
- Not reported
- Administrator other than the adviser
- Not reported
- External marketing
- Not reported
Filing source
Form ADV 2120325 · Jul 23, 2026 · Schedule D 7.B.(1), fund 805-4348241131
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| Thomas Capasse | Executive |
| Kenneth Nick | Executive |
| Jack Ross | Executive |
| N/A Waterfall Asset Management, Llc | Executive |
| N/A Waterfall Private Asset Backed Credit Gp, Llc | Promoter |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Camana Bay, Grand Cayman, E9, KY1-9009