Exhibit 21

SUBSIDIARIES OF REGISTRANT

Name of U.S. Subsidiary	State of Incorporation or Organization
Alesco Financial Holdings, LLC	Delaware
Alesco Real Estate Holdings, LLC	Delaware
Alesco Loan Holdings, LLC	Delaware
Alesco Warehouse Conduit, LLC	Delaware
Alesco CLO Funding, LLC	Delaware
Alesco Funding Inc.	Delaware
Alesco Capital Trust I	Delaware
Alesco Collateral Holdings I, L.P.	Delaware
Alesco TPS Holdings, LLC	Delaware
Alesco TPS Holdings Sub I, LLC	Delaware
Alesco TPS Holdings Sub II, LLC	Delaware
Alesco TPS Holdings Sub III, LLC	Delaware
Alesco TPS Holdings Sub IV, LLC	Delaware
Alesco Financial Securities, LLC	Delaware
Kleros Real Estate III Common Holdings LLC	Delaware
Kleros Real Estate IV Common Holdings LLC	Delaware
SFR Subsidiary, Inc.	Delaware
Sunset Financial Holdings, LLC	Delaware
Sunset Financial Statutory Trust I	Delaware
Sunset Funding Inc.	Delaware
Sunset Investment Vehicle, Inc.	Delaware
Sunset Real Estate Holdings, LLC	Delaware
Sunset TPS Holdings, LLC	Delaware
Alesco Loan Holdings Trust	Maryland
Jaguar Acquisition, Inc.	Maryland
Sunset Loan Holdings Trust	Maryland
Name of Foreign Subsidiary	Country of Incorporation
Alesco Preferred Funding X, Ltd.	Cayman
Alesco Preferred Funding XI, Ltd.	Cayman
Alesco Preferred Funding XII, Ltd.	Cayman
Alesco Preferred Funding XIII, Ltd.	Cayman
Alesco Preferred Funding XIV, Ltd.	Cayman
Alesco Preferred Funding XV, Ltd.	Cayman
Alesco Preferred Funding XVI, Ltd.	Cayman
Alesco Preferred Funding XVII, Ltd.	Cayman
Alesco Holdings, Ltd.	Cayman

Emporia Preferred Funding II, Ltd.	Cayman
Emporia Preferred Funding III, Ltd.	Cayman
Emporia Preferred Funding IV, Ltd.	Cayman
Kleros Real Estate CDO I, Ltd.	Cayman
Kleros Real Estate CDO II, Ltd.	Cayman
Kleros Real Estate CDO III, Ltd.	Cayman
Kleros Real Estate CDO IV, Ltd.	Cayman
Kleros Preferred Funding V Public Limited Company	Ireland
Kleros Preferred Funding VII, Ltd.	Cayman
Libertas Preferred Funding I	Cayman
Libertas Preferred Funding III	Cayman
Libertas Preferred Funding IV	Cayman
Sunset Holdings, Ltd.	Cayman