Sycamore Tree Capital Partners Launches Credit Secondaries Investment Platform

Sycamore Tree Capital Partners, L.P., a Dallas-headquartered specialist asset manager focused on private and alternative credit, announced the launch of its Credit Secondaries investment platform. According to the firm's announcement, the strategy responds to growing demand from institutional limited and general partners seeking liquidity and portfolio rebalancing options for private market holdings. The firm describes credit secondaries as a large and rapidly growing market, pointing to seasoned portfolios, purchase discounts, enhanced diversification and accelerated cash flows relative to traditional private markets as its key features.

The platform extends Sycamore Tree's existing strategies, which aim to provide diversified private credit exposure, enhanced liquidity and attractive return dynamics. It will be led by Robert O'Connor, who joins the firm as Partner and Portfolio Manager. O'Connor has 24 years of experience in secondaries, private equity and complex credit. He most recently served as a Managing Director at Banner Ridge Partners, where he spent more than six years managing the day-to-day operations of the DSCO Fund platform, which focuses on distressed, special situations and opportunistic credit. Earlier, he was a Managing Director at Drum Capital, a private equity and credit investment firm focused on distressed and turnaround opportunities, where he worked for roughly five years.

The platform will be supported by Sycamore Tree's team of 33 professionals and infrastructure, along with internal staff and external hires dedicated to the strategy. Co-founder and Chief Executive Officer Mark Okada said the initiative is a natural fit with the firm's corporate and structured credit expertise and its focus on strategies that deliver attractive risk-adjusted returns and capital preservation. O'Connor said the platform is designed to meet the needs of investors seeking diversified portfolios and risk-adjusted returns, citing the firm's expertise, relationships and lack of conflicting products.

Sycamore Tree was founded by Mark Okada, Trey Parker and Jack Yang, and describes itself as a value-oriented, durable-alpha firm specializing in alternative credit. Its expertise spans bank loans, high yield bonds, structured credit, credit secondaries and opportunistic credit, with offices in Dallas and New York City. The announcement did not disclose fund size, target capital or fee terms.