Alternative asset manager Sycamore Tree Capital Partners has launched its own credit secondaries investment platform, which is designed to provide investors with diversified private credit exposure, enhanced liquidity and attractive return dynamics.
The platform will be led by Robert O’Connor as partner and portfolio manager, supported by the firm’s team of 33 professionals and infrastructure, along with internal professionals and external hires dedicated to the strategy.
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O’Connor has 24 years’ experience in secondaries, private equity and complex credit. He joins from Banner Ridge Partners, having worked there for over six years, most recently as managing director.
The firm said credit secondaries has emerged as a large, rapidly growing market as institutional limited and general partners increasingly seek liquidity and portfolio rebalancing options for their private market investment portfolios.
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“Credit secondaries is a natural fit with our corporate and structured credit expertise and our focus on strategies that deliver attractive risk-adjusted returns and capital preservation,” said Mark Okada, Sycamore Tree co-founder & chief executive.
