Waterfall Sandstone Fund, L.P. updates its Form D — $500.1M sold

Fund raise update · Hedge fund · Open-ended · Camana Bay, Grand Cayman, Cayman Islands · Form D/A filed 2025-10-15 · all Waterfall Sandstone vehicles

$100M+ sold3(c)(7) — qualified purchasers

Why now — by persona

Relevant to: Fund audit & tax, Fund administrator. Lead card pending.

n/a Waterfall Asset Management, LLC	Investment Manager
Thomas Capasse	Executive Officer
Jack Ross	Executive Officer
n/a Waterfall Sandstone GP, LLC	General Partner
Kenneth Nick	Executive Officer

Signed by Kenneth Nick, General Counsel and CCO of the Investment Manager.

The issuer's phone number and address from the filing are shown to subscribers. See plans, or read it on EDGAR.

Fund raise update · Hedge fund · Open-ended · Offering Indefinite · Sold $500.1M · Camana Bay, Grand Cayman, Cayman Islands · filed 2026-10-15

3(c)(7) — qualified purchasers

Fund raise update · Hedge fund · Open-ended · Offering Indefinite · Sold $500.1M · Camana Bay, Grand Cayman, Cayman Islands · filed 2024-10-15

3(c)(7) — qualified purchasers