Sycamore Tree Capital Partners Closes First CLO for a Total of $ 403.3 Million | Business

DALLAS – (BUSINESS WIRE) – November 30, 2021–

Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with expertise in private and alternative credit investment, today announced the closing of the company’s first Collateralized Loan Obligation (“CLO”) , Sycamore Tree CLO 2021-1, Ltd. (“STCP CLO 1”). STCP CLO 1 totals $ 403.3 million, with Citibank Securities, NA as underwriter and Dechert LLP as legal counsel to Sycamore Tree.

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

“We appreciate the market’s response to Sycamore Tree and our first CLO,” said Mark Okada, President and CEO. “Our team brings decades of combined experience in managing CLOs, and we look forward to being a cohesive issuer and strong manager of investor capital over time. In our view, the positive outlook for business credit and volatility in interest rates make this a particularly attractive time to issue CLOs.

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

About Sycamore Tree Capital Partners

Sycamore Tree Capital Partners is a value-driven, alpha-sustainable investment firm specializing in alternative credit. Founded by industry veterans Mark Okada, Trey Parker, and Jack Yang, the company has extensive business cycle and market experience. Based in Dallas, Texas, with an office in New York, the firm’s investment expertise includes bank loans, high yield bonds, structured credit and special situations. For more information, please visit our website at www.sycamorelp.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211130005912/en/

CONTACT: Andrew Merrill and Aidan O’Connor

Prosek Partners

646.818.9283

amerrill@prosek.com

aoconnor@prosek.com

KEYWORD: TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL SERVICES

SOURCE: Sycamore Tree Capital Partners

Copyright Business Wire 2021.

PUB: 11/30/2021 12:35 PM / DISC: 11/30/2021 12:36 PM

http://www.businesswire.com/news/home/20211130005912/en

Copyright Business Wire 2021.


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