Blacktree Management Launches SBA and Esoteric Asset-Backed Finance Platform
Blacktree Management LLC (āBlacktreeā), an independent asset manager focused on Small Business Administration (SBA) loan aggregation, securitization, and esoteric ABS strategies, today announced the launch of a new SBA and esoteric asset-backed finance platform. The platform will target investments across guaranteed and unguaranteed portions of SBA loans, whole loans, and other consumer and commercial esoteric ABS.
The platform will be led by Founder and Managing Partner Ergkys Alizoti, a recognized specialist in the SBA secondary market and structured finance. Over his career, Mr. Alizoti has led, structured, and securitized more than $16.5 billion of SBA loan securitizations across 17 private transactions, establishing a strong track record across multiple market cycles.
āAsset-backed finance is one of the fastest-growing corners of private credit and a less-correlated alternative to corporate credit. The most durable opportunities sit in pockets of capital scarcity, where informational and structuring expertise create the real barriers to entry. Specialist capital remains limited in SBA and esoteric ABS, and Blacktree is built as a dedicated platform to source, underwrite, and structure across the asset class,ā said Mr. Alizoti.
Affiliates of Fortress Investment Group (āFortressā), a leading, highly diversified global investment manager, have signed a strategic partnership with Blacktree in support of the new platform. Odeon Capital Group LLC (āOdeonā), an SBA pool assembler, will serve as a structuring and execution partner to the platform, supporting loan aggregation, securitization execution, and transaction structuring.
āAsset-based finance has been core to Fortress’s investing strategy for more than two decades, and weāve consistently seen that compelling opportunities in this market are captured by managers with deep specialization,ā said Mario Rivera, Global Head of Asset-Backed Securities at Fortress Investment Group. āWe believe that Blacktreeās focus and track record in SBA and esoteric ABS give the team an exceptionally strong position to capitalize on attractive opportunities in structured credit.ā
āWe are excited to leverage the deep sector expertise of both Fortress and Odeon as we build Blacktree into a scaled, institutional-grade investment platform,ā said Mr. Alizoti. āTheir partnership provides strong validation of our strategy and gives us additional resources to deploy capital with discipline as we seek to deliver consistent, risk-adjusted performance for our investors.ā
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