The New York-based opportunistic alternative credit investment manager was launched in February 2016 with $100 million in assets under management, supported by strategic capital from Investcorp.
Wednesday 06, March 2019 BY KUDAKWASHE MUZORIWA
Investcorp said that one of the alternative managers within its hedge fund partnership platform, Nut Tree Capital Management (Nut Tree), has reached $1 billion in assets under management.
Lionel Erdely, the Head and Chief Investment Officer, Absolute Return Investments at Investcorp, said, “We congratulate the talented team at Nut Tree for achieving this notable milestone.”
Investcorp launched its hedge funds partnership platform in 2004 as one of the first of its kind within the alternative asset management space.
In a statement, Investcorp stated that the platform, provides seed and acceleration capital as well as distribution capabilities to emerging managers with proven track records and differentiated strategies.