TPG Twin Brook Closes $3 Billion Credit-Continuation Vehicle

In a landmark transaction in the private credit secondaries market, TPG Twin Brook Capital Partners successfully closed a $3 billion credit-focused continuation vehicle. This transaction, the largest of its kind in the sector, was advised by the law firm Ropes & Gray. The continuation vehicle was strategically established to acquire a diversified portfolio of floating-rate, senior secured, sponsor-backed loans from TPG Twin Brook's 2016 and 2018 vintage funds. The deal was further strengthened by a consortium of investors led by Coller Capital, a significant player and the world's largest manager in the dedicated private market secondaries space. This pivotal transaction marks a notable achievement in the credit secondaries market and underscores the increasing sophistication and scale of financial strategies being deployed. TPG Twin Brook's ability to bring major market players together and secure such a sizable continuation vehicle highlights its leading position in the credit investment space.