Summer Analyst 2026

Company Information

Waterfall Asset Management, LLC is an SEC-registered alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, real assets, and private equity. Waterfall was founded in 2005 by Tom Capasse and Jack Ross, two individuals who were early leaders of the ABS industry, and who together have over 60 years of proven ABS / Loan credit analysis, trading, banking, and servicing experience. Waterfall seeks to provide its client a compelling risk / return profile which is generally uncorrelated to most traditional investment opportunities. Waterfall is headquartered in New York, with additional offices in London and Dublin. As of December 1, 2024, Waterfall approximately $13.1 billion in assets under management.

Summer Analyst Objectives

As an intern at Waterfall, you will get the opportunity to immerse yourself in the dynamic world of investment management. During the 10-week summer internship program, we will surround you with challenging projects and opportunities to grow and learn. We'll help connect you with mentors and a network of colleagues throughout the firm that will help you develop your professional skills and support you during your time at Waterfall. The internship starts with a firm orientation and robust training program, where summer analysts will be trained in debt cash flow modeling, bond math, and participate in structured credit classes introducing various asset-backed and mortgage-backed securities. As a summer analyst you will get the opportunity to rotate through two strategies within the firm, gaining transaction experience and a thorough understanding of each.

Summer Analysts Opportunities :

• Two 4-week rotations across the firm's various investment verticals, including :

Private Credit,

Qualifications and Education Requirements