STCP

Sycamore Tree Capital Partners Closes Fifth CLO at $504 Million; Resets, Extends and Upsizes STCP CLO 3 to $525 Million

Retrieved on: 
Wednesday, April 24, 2024
Asset Management, Professional Services, Finance, Goldman Sachs, CLO, LLP, Insurance, STCP, Dechert, Fund, Trust, Lisp (programming language)

Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, today announced the closing of STCP CLO 2024-5, Ltd. (“STCP CLO 5” or “the Fund”), the Firm’s fifth and largest new issue collateralized loan obligation since launching its CLO platform in July of 2021.

Key Points: 
  • Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, today announced the closing of STCP CLO 2024-5, Ltd. (“STCP CLO 5” or “the Fund”), the Firm’s fifth and largest new issue collateralized loan obligation since launching its CLO platform in July of 2021.
  • The Fund has a two-year reinvestment period, includes a one-year non-call period and features a senior triple-A spread of S+142 bps.
  • Goldman Sachs acted as the Fund’s underwriter and Dechert, LLP served as counsel to Sycamore Tree.
  • “We greatly appreciate their trust and support.”
    Additionally, the reset, extension and upsize of Sycamore Tree’s third CLO (“STCP CLO 3”) has also closed.

Sycamore Tree Capital Partners Closes Fourth CLO Totaling $405 Million

Retrieved on: 
Thursday, September 14, 2023
Asset Management, Professional Services, Finance, Insurance, NA, LLP, Sycamore, STCP, AUM, CLO, Fund, Dechert

Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of STCP CLO 2023-4, Ltd. (“STCP CLO 4” or “the Fund”), the Firm’s fourth collateralized loan obligation since launching the CLO platform in July of 2021 and the Firm’s third CLO in 2023.

Key Points: 
  • Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of STCP CLO 2023-4, Ltd. (“STCP CLO 4” or “the Fund”), the Firm’s fourth collateralized loan obligation since launching the CLO platform in July of 2021 and the Firm’s third CLO in 2023.
  • STCP CLO 4 totals $405 million and received broad support from investors such as banks, insurance companies, and asset management firms, including significant investor participation from outside the United States.
  • Citibank Securities, NA acted as the Fund’s underwriter, and Dechert, LLP acted as counsel to Sycamore Tree.
  • “Notwithstanding volatile markets, we continue to demonstrate our team’s strong experience and capabilities,” said Paul Travers, Managing Director and Portfolio Manager.

Sycamore Tree Capital Partners Closes Third CLO Totaling $401 Million

Retrieved on: 
Friday, April 14, 2023
Professional Services, Finance, Insurance, LLP, Goldman Sachs, STCP, AUM, CLO, Dechert, Fund, Security (finance), Sycamore

Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of STCP CLO 2023-3, Ltd. (“STCP CLO 3” or “the Fund”), the Firm’s third collateralized loan obligation since inception and the Firm’s second CLO in 2023.

Key Points: 
  • Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of STCP CLO 2023-3, Ltd. (“STCP CLO 3” or “the Fund”), the Firm’s third collateralized loan obligation since inception and the Firm’s second CLO in 2023.
  • STCP CLO 3 totals $401 million and received broad support from the investor community including banks, insurance companies, and asset management firms.
  • Goldman Sachs acted as the Fund’s underwriter, and Dechert, LLP acted as counsel to Sycamore Tree.
  • “CLO 3 continues our focus on higher quality, more liquid, broadly syndicated US loans across a wide range of industries,” said Trey Parker, Chief Investment Officer.

Sycamore Tree Capital Partners Closes Second CLO Totaling $404.5 Million

Retrieved on: 
Wednesday, February 22, 2023
Banking, Asset Management, Professional Services, Finance, CLO, Insurance, LLP, NA, Fund, STCP, AUM, Dechert, Sycamore, Security (finance), Bank

Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of STCP CLO 2023-2, Ltd. (“STCP CLO 2” or “the Fund”), the Firm’s second collateralized loan obligation fund.

Key Points: 
  • Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of STCP CLO 2023-2, Ltd. (“STCP CLO 2” or “the Fund”), the Firm’s second collateralized loan obligation fund.
  • STCP CLO 2 totals $404.45 million and received broad support from the investor community including banks, insurance companies, and asset management firms.
  • Citibank Securities, NA acted as the Fund’s underwriter, and Dechert, LLP acted as counsel to Sycamore Tree.
  • Sycamore Tree closed its first CLO , Sycamore Tree CLO 2021-1, Ltd., in November 2021.

Sepulveda Transit Corridor Partners Selects RATP Dev as O&M Partner for its Rail Transit Solution for LA Metro's Sepulveda Project

Retrieved on: 
Thursday, February 23, 2023
Metro, RATP Group, Air pollution, Alternative 4, RATP Dev Asia, Senior, Amtrak, DC, Los Angeles County Metropolitan Transportation Authority, Heart, Maintenance, Metro (board game), UCLA, Travel, STCP, Metro Orange Line (Minnesota), G Line (Los Angeles Metro), Sepulveda Transit Corridor, PDA, LPA, Sepulveda, Louvre, Metrolink, Van, Expo, Tunnel, Rail transport, Alternatives

LOS ANGELES, Feb. 22, 2023 /PRNewswire/ -- Sepulveda Transit Corridor Partners (STCP) announced today it has selected a world-class automated rail provider, RATP Dev, to develop the operations and maintenance component of its rail transit proposal to ease congestion on the I-405 (Sepulveda) corridor between Los Angeles' San Fernando Valley and Westside. 

Key Points: 
  • "We are excited to work with RATP Dev, one of the most innovative and experienced transit operators in the world," said Derya Thompson, Co-Director of STCP.
  • "STCP proposes a high quality, time-efficient and well-connected transit solution for the Sepulveda Corridor, which has the potential to dramatically change the commute of millions of people.
  • STCP's options are one of two Pre-Development Agreement (PDA) proposals selected by Metro for its Sepulveda Transit Corridor Project.
  • During the project design development, RATP Dev will provide Early Operator-Maintainer consultancy services, including design review and operations and maintenance systems development.

Sycamore Tree Capital Partners Closes Inaugural CLO Totaling $403.3 Million

Retrieved on: 
Tuesday, November 30, 2021
Professional Services, Finance, Insurance, Clos, Sycamore, Collateralized loan obligation, Dechert, NA, CLO, Risk, STCP, Security (finance), Bank

Sycamore Tree Capital Partners (Sycamore Tree), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of the firms inaugural Collateralized Loan Obligation (CLO), Sycamore Tree CLO 2021-1, Ltd. (STCP CLO 1).

Key Points: 
  • Sycamore Tree Capital Partners (Sycamore Tree), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of the firms 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.
  • We appreciate the markets reception to Sycamore Tree and our inaugural CLO, said Mark Okada, Chief Executive Officer.
  • Sycamore Tree Capital Partners is a value-oriented, durable-alpha investment firm specializing in alternative credit.