Mubasher: Investcorp announced that Nut Tree Capital Management has reached $1 billion in assets under management (AUM), according to a press release on Wednesday.
Bahrain’s leading global provider and manager of alternative investment products announced its strategic relationship with Nut Tree back in late 2015.
The New York-based Nut Tree is one of Investcorp’s alternative managers within its Hedge Fund Partnership platform.
“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,” head and chief investment officer, absolute return investments at Investcorp, Lionel Erdely, commented.
Nut Tree was launched in February 2016 with AUM of $100 million, 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,” the press release added.
Currently, Investcorp has provided acceleration capital to 20 managers across a broad range of strategies, while the most recent addition to the platform was Shoals Capital Management which was seeded in 2018 and currently has AUM worth $350 million.
