Wellfleet Credit Partners (“Wellfleet”), the performing credit business of Littlejohn & Co., LLC, announced the closing of Wellfleet CLO 2020-2, a $396.0 million collateralized loan obligation (CLO). Following the issuance of Wellfleet CLO 2020-2, Wellfleet has approximately $5.4 billion in assets under management across thirteen 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 (USA) LLC acted as the arranger for the CLO. Milbank LLP acted as legal advisor to Wellfleet.