⏎ Words Summary from News
Blacktree Management LLC, a recently established Miami-based alternative asset manager, has partnered with Fortress Investment Group LLC to launch an asset-backed finance platform. Under the strategic partnership, Fortress affiliates will support Blacktree’s new platform, which will focus on small business administration (SBA) and esoteric ABS deals, according to a statement seen by Bloomberg. Specifically, the platform will target investments across guaranteed and unguaranteed portions of SBA loans, whole loans, and other consumer and commercial esoteric ABS, the statement reads. Blacktree’s founder and managing partner Ergkys Alizoti says the firm began operating in April 2025. Alizoti has overseen more than $16.5 billion of SBA loan securitizations across 17 private deals in his career, and will lead the new platform. Fortress, which is backed by Abu Dhabi sovereign wealth fund Mubadala Investment Co., had about $55 billion of assets under management as of year-end 2025. The investment manager has previously said it expects to double its assets under management to $100 billion by 2029.
Key Takeaways
- Under the strategic partnership, Fortress affiliates will support Blacktree’s new platform, which will focus on small business administration (SBA) and esoteric ABS deals, according to a statement seen by Bloomberg.
- Blacktree’s founder and managing partner Ergkys Alizoti says the firm began operating in April 2025.
- “Asset-backed finance is one of the fastest-growing corners of private credit and a less-correlated alternative to corporate credit,” Alizoti said in the statement.
- “The most durable opportunities sit in pockets of capital scarcity, where informational and structuring expertise create the real barriers to entry.” Meanwhile, Odeon Capital Group LLC, an SBA pool assembler, will act as structuring and execution partner for the platform.
- The tieup with both Fortress and Odeon is anticipated to deepen Blacktree’s resource pool for deploying capital, Alizoti said in the statement.
Insights & Analysis
- “The most durable opportunities sit in pockets of capital scarcity, where informational and structuring expertise create the real barriers to entry.” Meanwhile, Odeon Capital Group LLC, an SBA pool assembler, will act as structuring and execution partner for the platform.