TPG Twin Brook Secures $3 Billion Continuation Vehicle
Deal News | Aug 12, 2025 | TPG
TPG Twin Brook Capital Partners, a prominent middle-market direct lending platform of TPG Inc., in collaboration with Coller Capital, has announced the successful closure of a $3 billion continuation vehicle focused on private credit. This milestone transaction, recognized as the largest of its kind within the private credit secondaries market, emphasizes the robust partnership between TPG Twin Brook and Coller Capital. The deal aims to recapitalize a high-performing senior loan portfolio, ensuring long-term capital support and ongoing management led by TPG Twin Brook. Trevor Clark, Founder and Managing Partner of TPG Twin Brook, highlighted this initiative as a testament to their solutions-based approach and strong investor relations. Michael Schad from Coller Capital commended the diversified portfolio's quality and expressed satisfaction in bolstering its longevity with strategic funding. Jonathan Leu of Coller Capital also noted the significance of the transaction's structural integrity and alignment with various investment priorities.
Sectors
- Private Equity & Venture Capital
- Financial Services
Geography
- United States – TPG Twin Brook operates in the US, specifically mentioned are Chicago and New York.
- Global – Coller Capital is noted as a global manager, indicating a wide geographical relevance.
Industry
- Private Equity & Venture Capital – The article deals with private equity firms and their activities, particularly in private credit secondaries.
- Financial Services – The transaction involves financial institutions and focuses on credit markets, a core aspect of the financial services industry.
Financials
- 3 billion USD – The total amount of the continuation vehicle closed by TPG Twin Brook and Coller Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TPG Twin Brook Capital Partners | Target Company | Company | A middle-market direct lending platform part of TPG Inc. |
| Coller Capital | PE Firm | Company | The largest dedicated private market secondary manager involved in the recapitalization. |
| TPG Inc. | Parent Company | Company | The parent company of TPG Twin Brook, involved in the direct lending platform. |
| Trevor Clark | Managing Partner | Person | Founder and Managing Partner of TPG Twin Brook. |
| Michael Schad | Partner and Head | Person | Partner and Head of Coller Credit Secondaries at Coller Capital. |
| Jonathan Leu | Principal | Person | Principal at Coller Capital. |