Willow Tree Credit Partners, a private credit alternatives firm, closed a $353.4 million collateralized loan obligation (CLO), Willow Tree CLO I. The CLO will be managed by Willow Tree and all of the equity interests will be retained by its first managed fund complex.
GreensLedge Capital Markets and KeyBanc Capital Markets served as placement and co-structuring agents, respectively. Dechert provided legal representation for Willow Tree.
“As we cross this important milestone in the expansion of our platform, we extend our sincere gratitude to our partners for their unwavering confidence in us. We are pleased to have worked with GreensLedge and KeyBanc to capitalize on favorable market conditions,” Jim Roche, co-founder and chief credit officer of Willow Tree, said. “By placing rated debt securities through a BBB- layer, we believe that the structure will materially benefit our investor base. It is a testament to the efforts of our team toward building a quality middle market direct lending portfolio and represents an exciting product line extension opportunity for our firm.”
