Wellfleet Credit Partners, the performing credit business of Littlejohn & Co., closed Wellfleet CLO 2020-2, a $396 million collateralized loan obligation. Following the issuance of Wellfleet CLO 2020-2, Wellfleet has approximately $5.4 billion in assets under management across 13 CLOs.
Wellfleet CLO 2020-2 is backed primarily by a diversified portfolio of broadly syndicated senior secured loans. The CLO vehicle will have a one-year non-call and a three-year reinvestment period with a final maturity of 11 years.
Credit Suisse Securities acted as the arranger for the CLO. Milbank acted as legal advisor to Wellfleet.
Littlejohn & Co. is a Greenwich, CT-based investment firm focused on private equity and debt investments primarily in middle market companies.
