GREENWICH, Conn.–(BUSINESS WIRE)–Wellfleet Credit Partners, the performing credit business of Littlejohn & Co., LLC, today announced the closing of Wellfleet CLO X, a $314.8 million collateralized loan obligation (CLO). Following the issuance of Wellfleet CLO X, Wellfleet has approximately $4.2 billion in assets under management.

Wellfleet CLO X is backed by a diversified portfolio of broadly syndicated senior secured loans. Six classes of notes rated Aaa through Ba3 by Moody’s and two classes of notes rated AAA by Fitch, totaling $286.7 million, were placed. The CLO vehicle will have a two-year non-call and a five-year reinvestment period with a final maturity of 13 years.

About Littlejohn & Co., LLC

Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. The Firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit http://www.littlejohnllc.com.