Dechert LLP

10/17/2024 | Press release | Distributed by Public on 10/17/2024 08:55

Dechert Advises Willow Tree Credit Partners on US$353.4 Million CLO Closing

Dechert advised Willow Tree Credit Partners, a fast-growing private credit alternatives firm, on the closing of its first US$353.4 million collateralized loan obligation (CLO), Willow Tree CLO I.

Willow Tree will manage the CLO, with all equity interests retained by its first managed fund complex. Having rapidly scaled into a leader in middle market direct lending, Willow Tree provides flexible capital structure solutions and value-add services to family-owned and financial sponsor-backed middle market businesses.

This milestone demonstrates Willow Tree's strong positioning and expertise within the market, and the CLO structure is expected to materially benefit its investor base.

The Dechert team advising Willow Tree included global finance partner John M. Timperio and associates Dave Darr, Will Drennen and Anna Askew; tax partner Jeff J. Kang; employee benefits partner Steven W. Rabitz.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital - from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology.