Sycamore Tree Capital Partners has launched a new credit secondaries investment platform.
The platform will focus on investing in traditional credit secondaries, including LP-stake acquisitions and selective GP-led transactions, “with an emphasis on distressed, special situations, and other opportunistic assets,” said Trey Parker, co-founder and CIO of Sycamore Tree, in a statement to PitchBook LCD.
“That said, our mandate is flexible, and we expect to pursue compelling direct opportunities as they arise, including purchases of individual positions or portfolios from motivated sellers. The central theme is our ability to identify mispriced risk in private credit markets created by liquidity needs, complexity, or market dislocation,” Parker said.
The platform will be led by Robert O’Connor as partner and portfolio manager, according to an April 13 company statement.
O’Connor joins from Banner Ridge Partners, where he was most recently a managing director and oversaw specialized funds focused on distressed, special situations, and opportunistic credit.
Sycamore Tree is a Dallas-based investment firm that specializes in alternative credit.
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