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Nut Tree Capital Management reaches USD1bn in AUM

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Nut Tree Capital Management (Nut Tree), one of the alternative managers within Investcorp’s Hedge Fund Partnership platform, has reached USD1 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,” says Lionel Erdely (pictured), 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 USD100 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 which was seeded in 2018 and currently has USD350 million in AUM.

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