SYCAMORE TREE CAPITAL PARTNERS, L.P.

Thesis

Sycamore Tree Capital Partners, L.P. (STCP) is a value-oriented investment firm founded in October 2019 and headquartered in Dallas, Texas. Specializing in alternative credit strategies, STCP aims to generate attractive absolute and risk-adjusted returns by focusing on senior loans, structured credit, credit secondaries, and multi-strategy credit. Their approach involves rigorous fundamental credit research combined with top-down macroeconomic trend assessment, with a consistent emphasis on capital preservation due to the inherent risks in debt investing. The firm actively manages portfolios across economic cycles, leveraging the extensive experience of its founding team. Their geographic focus is primarily U.S.-based corporate credit, with growing participation from European investors in their CLO offerings. As of March 31, 2026, STCP reported approximately $3.54 billion in discretionary AUM, with a vision to become a $10 billion+ AUM specialist manager. STCP primarily invests in credit instruments like loans and bonds, rather than equity in specific companies, and is an SEC-registered investment advisor.