Form D · Hedge Fund

Waterfall Victoria ERISA Fund, Ltd.

Camana Bay, Grand Cayman, E9 · CIK 0001511871

Offering snapshot reported Oct 15, 2025 · SEC filing

Reported sold
$982M
Indefinite offering
Investors reported
13
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Mar 1, 2011
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$491M$982MFeb 3, 2011: $100,000,000.00Feb 3, 2011Jan 30, 2012: $150,000,000.00Aug 20, 2012: $150,000,000.00Aug 20, 2013: $155,000,000.00Aug 21, 2014: $155,000,000.00Aug 4, 2015: $155,000,000.00Aug 3, 2016: $302,250,000.00Aug 3, 2017: $369,125,000.00Aug 3, 2018: $388,200,000.00Aug 5, 2019: $449,680,000.00Aug 19, 2019: $449,680,000.00Oct 9, 2020: $706,530,000.00Oct 12, 2021: $931,530,000.00Oct 12, 2022: $981,530,000.00Oct 12, 2023: $981,530,000.00Oct 15, 2024: $981,530,000.00Oct 15, 2025: $981,530,000.00Oct 15, 2025

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Oct 15, 2025Amendment$981,530,000$0vs Oct 15, 202413SEC filing
Oct 15, 2024Amendment$981,530,000$0vs Oct 12, 202313SEC filing
Oct 12, 2023Amendment$981,530,000$0vs Oct 12, 202213SEC filing
Oct 12, 2022Amendment$981,530,000$50,000,000vs Oct 12, 202113SEC filing
Oct 12, 2021Amendment$931,530,000$225,000,000vs Oct 9, 202013SEC filing
Oct 9, 2020Amendment$706,530,000$256,850,000vs Aug 19, 201913SEC filing
Aug 19, 2019Amendment$449,680,000$0vs Aug 5, 201913SEC filing
Aug 5, 2019Amendment$449,680,000$61,480,000vs Aug 3, 201813SEC filing
Aug 3, 2018Amendment$388,200,000$19,075,000vs Aug 3, 201710SEC filing
Aug 3, 2017Amendment$369,125,000$66,875,000vs Aug 3, 20169SEC filing
Aug 3, 2016Amendment$302,250,000$147,250,000vs Aug 4, 20156SEC filing
Aug 4, 2015Amendment$155,000,000$0vs Aug 21, 20143SEC filing
Aug 21, 2014Amendment$155,000,000$0vs Aug 20, 20133SEC filing
Aug 20, 2013Amendment$155,000,000$5,000,000vs Aug 20, 20123SEC filing
Aug 20, 2012Amendment$150,000,000$0vs Jan 30, 20122SEC filing
Jan 30, 2012Amendment$150,000,000$50,000,000vs Feb 3, 20112SEC filing
Feb 3, 2011Initial$100,000,000No comparison1SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$1.44M (estimated)
Finders' fees
$0
Form D file number
021-154781
M.D. Sass Securities, L.L.C. no longer acts as placement agent on behalf of the Issuer.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
M.D. Sass Securities, L.L.C.139760

Source: Form D, filed Oct 15, 2025. 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 VICTORIA ERISA FUND, LTD.

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 805-4555798879

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.

People and organizations reported in Form D filings
NameReported role
Ramona Bowry Director
Thomas Capasse Executive
Damian Juric Director
Bobby Liu Director
N/A M.D. Sass Macquarie Financial Strategies, L.P. Executive
Kenneth Nick Director, Executive
Jack Ross Executive
Alan Tooker Director
N/A Waterfall Asset Management, Llc Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Ogier Global (Cayman) Limited 89 Nexus Way
Camana Bay, Grand Cayman, E9, KY1-9009