Sycamore Tree Capital Partners (Sycamore Tree), a specialist asset manager with private and alternative credit investment expertise, has appointed Paul Travers as a Managing Director and Portfolio Manager, effective 9 September, 2021.
Sycamore Tree Capital Partners (Sycamore Tree), a specialist asset manager with private and alternative credit investment expertise, has appointed Paul Travers as a Managing Director and Portfolio Manager, effective 9 September, 2021.
In this newly created role, Travers will also join Sycamore Tree’s investment committee, alongside Mark Okada, Trey Parker, Scott Farrell and Jon Poglitsch.
Travers joins Sycamore Tree with more than 38 years of relevant industry experience. “We are delighted to welcome Paul to Sycamore Tree, where his arrival is a testament to our pursuit of strong risk-adjusted returns and capital preservation for our clients,” says Jack Yang, President.
Travers will be primarily responsible for originating and managing Sycamore Tree’s CLOs and report to Trey Parker, Chief Investment Officer, who says: “Paul’s deep expertise and relationships across syndicated loans, CLOs, and portfolio management is a great addition to our strong, existing platform as the Firm continues to scale.”
“I look forward to working closely with Mark, Jack, Trey and the team as we draw upon our experience across market cycles to build an industry-leading CLO business,” says Travers. “Sycamore Tree’s talented investment team, institutional quality infrastructure and relationship focus were all compelling factors in this decision, and position us well to serve investors.”
Prior to joining Sycamore Tree, Travers was a Loan and CLO Portfolio Manager and investment committee member at Onex Credit Partners, where he led the company’s launch and buildout of its US CLO platform, which now has more than USD9 billion of assets under management. Prior to joining Onex Credit, Travers was a Principal at DiMaio Ahmad Capital, where he similarly created, managed, and grew the firm’s CLO business to more than USD2.5 billion.
Travers’ career also includes positions as Managing Director at Credit Agricole Indosuez, where he managed the bank’s USD2.3 billion CLO/CBO business, and as Portfolio Manager and Managing Director at Merrill Lynch Asset Management, where he led portfolio management for their floating rate mutual funds, which had assets in excess of USD10 billion. Travers also previously held corporate finance positions at Bear Stearns & Co, BHF Bank and Chase Manhattan Bank.
