NEW YORK, March 5, 2019 /PRNewswire/ -- Investcorp, a leading global provider and manager of alternative investment products, today announced that one of the alternative managers within its Hedge Fund Partnership platform, Nut Tree Capital Management, LP ("Nut Tree"), has reached $1 billion in assets under management. Investcorp first announced its strategic relationship with Nut Tree in late 2015.
"We congratulate the talented team at Nut Tree for achieving this notable milestone," said Lionel Erdely, Head and Chief Investment Officer, Absolute Return Investments at Investcorp. "From the first day we met Jed and his team back in 2015, we have been confident in the firm's holistic approach across the capital structure, focus on fundamental research and portfolio construction, and deep experience in managing portfolios and teams."
Based in New York, Nut Tree is an opportunistic alternative credit investment manager that launched in February 2016 with $100 million in assets under management, anchored by strategic capital from Investcorp. It is led by Founding Partner and Chief Investment Officer Jed Nussbaum who was previously a partner at Redwood Capital, a distressed credit manager. Jed has over 18 years of experience as an investor in the alternative credit markets.
Investcorp launched its Hedge Funds Partnership platform in 2004 as one of the first of its kind within the alternative asset management space. The platform, which sits within Investcorp's Alternative Return Investments business, provides seed and acceleration capital and distribution capabilities to emerging managers with proven track records and differentiated strategies. To date, Investcorp has provided seed or acceleration capital to 20 managers across a broad range of strategies. The most recent addition to the platform was Shoals Capital Management L.P. which was seeded in 2018 and currently has $350 million in AUM.
Investcorp is a leading global manager of alternative investments. Led by a new vision, Investcorp has embarked on an ambitious, albeit prudent, growth strategy. The Firm continues to focus on generating value through a disciplined investment approach in four lines of business: private equity, real estate, absolute return investments and credit management.
As at December 31, 2018, the Investcorp Group had US$22.5 billion in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM.
Since its inception in 1982, Investcorp has made over 185 Private Equity deals in the U.S., Europe, the Middle East and North Africa region and Asia, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 600 commercial and residential real estate investments in the US and Europe, for in excess of US $59 billion in transaction value.
Investcorp employs approximately 400 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, Mumbai and Singapore. For further information, including our most recent periodic financial statements, which details our assets under management, please refer to:
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