TPG Twin Brook Secures $3 Billion Continuation Vehicle with Coller Capital

In a groundbreaking transaction, TPG Twin Brook, the middle-market direct lending arm of TPG Inc., in collaboration with Coller Capital, announced the closure of a $3 billion private credit continuation vehicle. This transaction, a first of its magnitude in the private credit secondaries market, aims to acquire a diverse portfolio of floating-rate, senior secured, sponsor-backed loans from TPG Twin Brook's 2016 and 2018 funds. The continuation vehicle is designed to provide existing investors with a liquidity option while attracting new investors with the appeal of a diversified asset pool managed by TPG Twin Brook, known for its successful credit platform. The deal highlights a maturing private credit market with increasing institutional interest in credit secondaries. Trevor Clark of TPG Twin Brook and Michael Schad of Coller Capital both express enthusiasm for this partnership, emphasizing the innovative solutions and strategic alignment the deal provides. Financial advisement was provided by Campbell Lutyens, with legal support from Debevoise & Plimpton LLP for Coller Capital, and Ropes & Gray LLP for TPG Twin Brook, and financing from Deutsche Bank.