Wellfleet Credit Partners Announces Promotions
GREENWICH, Conn.--(BUSINESS WIRE)--Jan 16, 2019--Wellfleet Credit Partners (“Wellfleet”), the performing credit business of Littlejohn & Co., LLC, today announced that Dennis Talley and Scott McKay have been promoted to Managing Director. Messrs. Talley and McKay joined Littlejohn in 2015 as Portfolio Managers to launch the Wellfleet business. Additionally, Jeff Tynik has been promoted to Senior Credit Analyst and Loan Trader. Mr. Tynik joined Littlejohn’s performing credit team as a Credit Analyst in 2015.
Brian Ramsay, President at Littlejohn, said, “Scott and Dennis have had tremendous success in building one of the fastest growing new issuers in the CLO arena. We look forward to their future contributions to the firm and the continued positive growth of our CLO business under their management. We are also pleased to recognize Jeff’s contributions to the business.”
Mr. McKay was previously a Founding Member and Portfolio Manager at Redan Park Asset Management and Doral Leveraged Asset Management. Previously, he was at Rothschild’s New York restructuring group and prior to Rothschild, Mr. McKay was in the leveraged finance group at Bear, Stearns, & Co. Prior to starting his investment banking career, Mr. McKay was a Captain in the U.S. Air Force where he specialized in the acquisition and financing of major space and satellite programs.
Prior to Littlejohn, Mr. Talley was a Founding Member and Portfolio Manager at Redan Park Asset Management and Doral Leveraged Asset Management. Previously, he was a Managing Director with Bear, Stearns & Co. in the leveraged finance group and before that, Mr. Talley served in the leveraged finance, syndicated finance and corporate credit groups at Banc of America Securities.
Mr. Tynik came to Littlejohn from Redan Park Asset Management, where he served as a Credit Analyst responsible for managing leveraged loan investments, evaluating structured products and investments and optimizing structured vehicles. Previously, he worked at Doral Leveraged Asset Management as an Analyst and before that, he served as an Investment Analyst at TFG Investments. He began his career at RBC Professional Trader Group as an equities trader.
Wellfleet, which has approximately $3.85 billion in assets under management, issued three new CLOs in 2018 and has issued nine CLOs since its initial offering in 2015.
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.
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KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Wellfleet Credit Partners
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PUB: 01/16/2019 08:00 AM/DISC: 01/16/2019 08:01 AM