Morgan Lewis Represents Willow Tree Credit Partners in Private Credit Continuation Vehicle Transaction
August 06, 2026NEW YORK, August 6, 2026: Morgan Lewis represented Willow Tree Credit Partners LP and its affiliates in the successful formation and closing of Willow Tree Fund II-CV, LP and its parallel vehicles, a private credit continuation vehicle complex with assets representing an aggregate transaction value of approximately $730 million. The transaction was led by HarbourVest Partners, with participation from a syndicate of institutional investors and Willow Tree.
The continuation vehicle was established to acquire a diversified portfolio comprising approximately 130 securities, primarily first-lien loans to sponsor-backed companies, from Willow Tree Fund II LP and its parallel funds.
Willow Tree Credit Partners is a leading middle-market private credit firm founded in 2017 by industry veteran Tim Lower. The firm sources and structures bespoke capital solutions for financial sponsor-backed and family-owned middle-market businesses, with a core focus on senior secured, floating-rate loans.
The Morgan Lewis team that advised Willow Tree included Gerald J. Kehoe, Daniel A. Losk, Mark L. Opitz, Davis C. Truslow, Daniel A. Nelson, Christine Ayako Schleppegrell, and Marion Giliberti Barish.