TPG Twin Brook Secures $3 Billion Continuation Vehicle Led by Coller Capital
Deal News | Aug 12, 2025 | TPG
TPG Twin Brook Capital Partners, a leading middle-market direct lending platform under TPG Inc., along with Coller Capital, known as the world's largest private market secondaries manager, successfully closed a record $3 billion credit-focused continuation vehicle. This transaction, recognized as the largest of its kind in the private credit secondaries market, aims to recapitalize TPG Twin Brook's senior loan portfolio and facilitate continued management with long-term capital. Trevor Clark of TPG Twin Brook lauds this accomplishment as an exemplification of the robust partnership with Coller Capital and highlights its strategic importance in optimizing high-performing assets. Michael Schad and Jonathan Leu of Coller Capital indicated that the collaboration marks a milestone, underpinning the significance of strategic capital and structural innovation in achieving liquidity and portfolio alignment goals.
Sectors
- Private Equity & Venture Capital
- Financial Services
Geography
- United States – The transaction involves TPG Twin Brook based in Chicago and the announcement mentioned New York, indicating relevance to the US market.
Industry
- Private Equity & Venture Capital – The transaction involves TPG Twin Brook, a middle-market direct lending platform, and Coller Capital, a leading secondaries manager, both of which are key players in private equity and venture capital markets.
- Financial Services – The article discusses a significant financial transaction within the private credit sector, highlighting services related to credit provision and secondary market activity.
Financials
- $3 Billion – The total size of the credit-focused continuation vehicle developed in partnership between TPG Twin Brook and Coller Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TPG Twin Brook Capital Partners | Target Company | Company | The middle-market direct lending platform of TPG Inc. involved in the continuation vehicle. |
| Coller Capital | Bidding Company | Company | A leading private market secondaries manager providing capital for the continuation vehicle. |
| TPG Inc. | Parent Company | Company | Parent company of TPG Twin Brook, trading under NASDAQ: TPG. |
| Trevor Clark | Representative of Target | Person | Founder and Managing Partner of TPG Twin Brook Capital Partners. |
| Michael Schad | Representative of Bidder | Person | Partner and Head of Coller Credit Secondaries at Coller Capital. |
| Jonathan Leu | Representative of Bidder | Person | Principal at Coller Capital. |
| Campbell Lutyens | Other - Analyst | Company | Provided the proprietary analysis of global secondary transaction data. |