Investment Summary

Waterfall Asset Management Invests In OnPoint

On January 24, 2023, asset manager Waterfall Asset Management invested in insurance company OnPoint

Investment Highlights
  • This is Waterfall Asset Management’s 1st transaction in the Insurance sector.
  • This is Waterfall Asset Management’s 7th transaction in the United States.
  • This is Waterfall Asset Management’s 1st transaction in Kentucky.

Investment Summary
Date 2023-01-24
Target OnPoint
Sector Insurance
Investor(s) Waterfall Asset Management
Deal Type Acquisition Financing

Target

OnPoint

Louisville, Kentucky, United States
website
OnPoint is a provider of warranty services, including underwriting, service contract, and extended warranty programs, home warranty, screen protection, logistics, and insurance. OnPoint is based in Louisville, Kentucky.

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Investor(S) 1

Investor

Waterfall Asset Management

Investor Investor

website

Category Asset Manager
Founded 2005
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Waterfall Asset Management is an institutional asset manager focused on structured credit (asset-backed securities and loans) and private equity investments. Waterfall was founded in 2005 and is headquartered in New York City.

DEAL STATS #
Overall 7 of 7
Sector (Insurance) 1 of 1
Type (Acquisition Financing) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Newcleus

Yardley, Pennsylvania, United States

Newcleus is a design and administration provider of compensation, benefit, investment, and financing strategies. The company primarily provides its niche products and services to the banking and credit union industry and, by leveraging its' proprietary, client-centric administration technology platform (known as MINTS), services and administers over 45,000 policies on behalf of over 750 financial institutions. Newcleus was formed in 2018 and is headquartered in Yardley, Pennsylvania.

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