Opportunistic alternative credit investment manager Nut Tree Capital has reached $1B in total AUM. The firm, led by founding partner and CIO Jed Nussbaum, is part of the Bahrain based Investcorp Hedge Fund Partnership platform. Lionel Erdely, head of the platform said “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.”
Investcorp’s platform was launched in 2004, was one of the first in the alts space to provide seed and acceleration capital to managers. Its’ most recent addition was Shoals Capital.