Waterfall Asset Management LLC has launched a financial services/specialty finance-focused private equity platform, which will operate under the name Waterfall Milestone.
The platform will offer equity capital to middle-market companies within the financial services sector and will target growth, special situation and financial technology-driven opportunities. Gene Weil and John Nelligan, who were hired to oversee the formation of the platform, have launched it within Waterfall Asset Management's existing structure.
Previously, Weil was the co-head and Nelligan was a managing director of Houlihan Lokey Inc.'s financial institutions group.
