"Expanding our ABF platform beyond residential and commercial real estate is a natural and important next step for Saluda Grade, Ryan Craft, the company's founder and CEO, said in a statement. Patrick has a strong track record of building institutional investment platforms across multiple sectors. His experience and leadership will help us broaden our reach while maintaining the same disciplined underwriting and structuring approach that has been central to our team and success so far."
"Lo has more than 20 years of experience in alternative credit and asset-based investing. He will work with Timothy Carr in the newly created co-CIO role to oversee Saluda Grades investment process and lead its expansion into a larger set of financing capabilities beyond its current focus in residential and commercial real estate. Lo comes to Saluda Grade after a stint as co-CIO at Waterfall Asset Management, where he served in a key role to build and scale diversified asset-based finance (ABF) investment strategies."
Saluda Grade, a New York City-based alternative investment firm concentrated in asset-based finance, has appointed Patrick Lo as co-chief investment officer. Lo brings more than 20 years of experience in alternative credit and asset-based investing and previously served as co-CIO at Waterfall Asset Management, where he helped build diversified ABF strategies. Lo will work alongside Timothy Carr in the co-CIO role to oversee the investment process and expand financing capabilities beyond residential and commercial real estate while retaining disciplined underwriting and structuring. Saluda Grade was founded in 2019 and reported $4.4 billion in assets under management as of Jan. 1, 2026, with expertise across structured credit, specialty finance, mortgage-backed securities and growth equity.
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