| Fund | Manager | Gross assets |
|---|---|---|
| Waterfall Victoria Master Fund, Ltd. | Waterfall Asset Management, LLC | $2.95B |
| Financial Credit Investment II, L.P. | Apollo Capital Management, L.P. | $2.06B |
| Blue Elephant Specialty Finance Fund, LP | Ma Asset Management, LLC | $94.2M |
| As custodian | 4 funds |