Sycamore Tree Capital Partners Closes Inaugural CLO Totaling $403.3 million

Sycamore Tree Capital Partners Closes Inaugural CLO Totaling $403.3 million

DALLAS, TX(BUSINESS WIRE – November 30, 2021) — Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of the firm’s inaugural Collateralized Loan Obligation (“CLO”), Sycamore Tree CLO 2021-1, Ltd. (“STCP CLO 1”). STCP CLO 1 totals $403.3 million, with Citibank Securities, NA serving as the underwriter and Dechert LLP acting as legal counsel to Sycamore Tree.

STCP CLO 1 has a five-year investment period and invests in an actively managed portfolio of syndicated loans issued by US companies across a broad range of industries. It is co-managed by Scott Farrell and Paul Travers, industry veterans and Managing Directors at Sycamore Tree.  STCP CLO 1 investors include banks, insurance companies and investment managers.

“We appreciate the market’s reception to Sycamore Tree and our inaugural CLO,” said Mark Okada, Chief Executive Officer. “Our team brings several decades of combined experience managing CLOs, and we look forward to being a consistent issuer and strong steward of investor capital over time. In our view, the positive outlook for corporate credit and interest rate volatility make this a particularly attractive time to issue CLOs”

“Sycamore Tree’s talented investment team, robust credit process and institutional quality infrastructure provide a strong foundation for managing risk and creating alpha,” added Trey Parker, Chief Investment Officer. “We look forward to expanding our strong relationships within the investor and underwriting communities.”

 

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About Sycamore Tree Capital Partners

Sycamore Tree Capital Partners is a value-oriented, durable-alpha investment firm specializing in alternative credit. Founded by industry veterans Mark Okada, Trey Parker and Jack Yang, the firm has deep experience across economic and market cycles. Headquartered in Dallas, TX with an office in New York City, the firm’s investment expertise includes bank loans, high yield bonds, structured credit, and special situations. For additional information, please visit our website at www.sycamorelp.com.

 

Contacts
Andrew Merrill & Aidan O’Connor
Prosek Partners
646.818.9283
amerrill@prosek.com
aoconnor@prosek.com