Sycamore Tree Capital Partners, L.P.
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 311555
· SEC file 801-123678
· Dallas, TX
· www.linkedin.com
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $3.5B
- Discretionary
- $3.5B
- Clients
- 13
- Avg AUM / client
- $272M
- Accounts
- 12
- Employees
- 30
AUM over time
$22.5M
$3.5B
Dec 2021
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 12 | $3.5B | 99.3% |
| Other investment advisers | 1 | $25.4M | 0.72% |
Private funds (9)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $2.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Sycamore Tree Clo 2023 4, Ltd. | Securitized Asset Fund | Cayman Islands | $414M | 1 |
| Sycamore Tree Clo 2023 3, Ltd. | Securitized Asset Fund | Cayman Islands | $407M | 1 |
| Sycamore Tree Clo 2023 2, Ltd. | Securitized Asset Fund | Cayman Islands | $402M | 1 |
| Sycamore Tree Clo 2021 1, Ltd. | Securitized Asset Fund | Cayman Islands | $402M | 1 |
| Sycamore Tree Clo Fund, Lp | Private Equity Fund | Delaware | $187M | 5 |
| Sycamore Tree High Grade Clo Debt Fund, Lp | Hedge Fund | Delaware | $58.6M | 1 |
| Sycamore Tree Floating Rate Loan Fund, Lp | Hedge Fund | Delaware | $58.0M | 1 |
| Sycamore Tree Opportunistic Credit Fund, Lp | Hedge Fund | Delaware | $28.3M | 6 |
| Sycamore Tree Clo 2024 5, Ltd. | Securitized Asset Fund | Cayman Islands | $3.2M | 1 |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Okada, Mark, Kiyoshi | Chief Executive Officer | Oct 2019 (7y) | Less than 5% | |
| Parker, Lee, Blackwell | Chief Investment Officer | Oct 2019 (7y) | ≈ 5.63% – 25% via Tr4 Partners, Lp | |
| Borud, Bradford, Keith | Chief Compliance Officer | Mar 2020 (6y) | Less than 5% | |
| Yang, John, Francis | President | Mar 2020 (6y) | Less than 5% | |
| Wise, Christopher, Aaron | Director Of Finance | Jul 2020 (6y) | Less than 5% | |
| Pfaehler, Kenneth, John | Trustee | Dec 2021 (5y) | ≈ 5% – 18.75% via J. Yang Family 2020 Trust U/A/D 12/3/20 | |
| Yang, Joyce, Chuan Chu | Trustee | Dec 2021 (5y) | ≈ 5% – 18.75% via J. Yang Family 2020 Trust U/A/D 12/3/20 | |
| Tonomura, Lawrence, Nathan | Trustee | May 2022 (4y) | GP / trustee / elected manager of Okada 2022 Irrevocable Trust (indirect) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Okada Family Sycamore, Llc | Limited Partner | Jun 2020 | A | 25% – 50% |
| Tr4 Stcp, Llc | Limited Partner | Jun 2020 | A | 10% – 25% |
| J. Yang Family 2020 Trust U/A/D 12/3/20 | Limited Partner | Dec 2021 | A | 10% – 25% |
| Sycamore Tree Gp Holdings, Llc | General Partner | Jun 2020 | A | Less than 5% |
| Tr4 Partners, Lp | Owner | Oct 2019 | B | ≈ 7.5% – 25% via Tr4 Stcp, Llc |
| Okada 2022 Irrevocable Trust | Owner | May 2022 | B | ≈ 18.75% – 50% via Okada Family Sycamore, Llc |
| Okada Family Sycamore, Llc | Member | Jun 2020 | B | ≈ 0% – 3.75% via Sycamore Tree Gp Holdings, Llc |
Undisclosed: 0% – 55% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Parker, Lee, Blackwell: 75% – 100% of Tr4 Partners, Lp × 75% – 100% of Tr4 Stcp, Llc × 10% – 25% direct ≈ 5.63% – 25% of the firm
- Pfaehler, Kenneth, John: 50% – 75% of J. Yang Family 2020 Trust U/A/D 12/3/20 × 10% – 25% direct ≈ 5% – 18.75% of the firm
- Yang, Joyce, Chuan Chu: 50% – 75% of J. Yang Family 2020 Trust U/A/D 12/3/20 × 10% – 25% direct ≈ 5% – 18.75% of the firm
- Tr4 Partners, Lp: 75% – 100% of Tr4 Stcp, Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Okada 2022 Irrevocable Trust: 75% – 100% of Okada Family Sycamore, Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Okada Family Sycamore, Llc: 50% – 75% of Sycamore Tree Gp Holdings, Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (9, $2.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Sycamore Tree Clo 2023 4, Ltd. | Securitized Asset Fund | $414M | $0 | 1 |
| Sycamore Tree Clo 2023 3, Ltd. | Securitized Asset Fund | $407M | $0 | 1 |
| Sycamore Tree Clo 2023 2, Ltd. | Securitized Asset Fund | $402M | $0 | 1 |
| Sycamore Tree Clo 2021 1, Ltd. | Securitized Asset Fund | $402M | $0 | 1 |
| Sycamore Tree Clo Fund, Lp | Private Equity Fund | $187M | $5.0M | 5 |
| Sycamore Tree High Grade Clo Debt Fund, Lp | Hedge Fund | $58.6M | $5.0M | 1 |
| Sycamore Tree Floating Rate Loan Fund, Lp | Hedge Fund | $58.0M | $0 | 1 |
| Sycamore Tree Opportunistic Credit Fund, Lp | Hedge Fund | $28.3M | $10.0M | 6 |
| Sycamore Tree Clo 2024 5, Ltd. | Securitized Asset Fund | $3.2M | $0 | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 3.81 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- Northern Trust $25.4M (1% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗