Angelo Gordon's Twin Brook Capital Partners Commits Over $925 Million to Private Equity-Backed Healthcare Transactions in 2020
Over $4.2 Billion Deployed to Middle Market Healthcare Transactions Since Inception
NEW YORK AND CHICAGO – January 13, 2021 – Twin Brook Capital Partners (“Twin Brook” or the “Firm”), the middle market direct lending subsidiary of Angelo Gordon, today announced that it committed over $925 million to private equity sponsors in support of healthcare transactions last year, completing 26 healthcare transactions across 10 subsectors. The Firm served as lead agent on all the healthcare transactions it supported in 2020, which included 11 new platform financings and 15 add-on financings.
An experienced lender in the space, Twin Brook has deployed over $4.2 billion across more than 100 middle market healthcare transactions since inception.
“During a year unlike any experienced before, we remained steadfastly committed to being a dependable lending partner that works hand-in-hand with sponsors and their portfolio companies through all times, as reflected by the over $925 million we put to work in support of our private equity clients’ healthcare investments in 2020,” said Senior Partner Faraaz Kamran, who focuses on Twin Brook’s healthcare lending business. “We saw private equity-backed healthcare businesses manage pandemic-related challenges remarkably well, and we witnessed transaction activity across a broad spectrum of healthcare subsectors bounce back in the latter half of the year. Heading into 2021 and beyond, we look forward to continuing to provide our sponsors and borrowers with consistent, reliable support and to using our ample buying power to bring them the tailored financing solutions needed to navigate the current environment and execute on the opportunities to come in this active space.”
Twin Brook focuses on loans to private equity-owned companies with EBITDA between $3 million and $50 million, with an emphasis on companies with $25 million of EBITDA and below. The Firm targets senior financing opportunities up to $400 million with hold sizes across the Twin Brook platform ranging from $25 million up to $150 million. Since inception in the fourth quarter of 2014, Twin Brook has closed over 525 transactions and provided total arranged commitments of approximately $13.6 billion.
ABOUT TWIN BROOK CAPITAL PARTNERS
Twin Brook Capital Partners is a finance company focused on providing cash-flow based financing solutions for the middle market private equity community. The Firm is managed by highly experienced, dedicated professionals who have successfully worked together throughout their careers at leading middle market lending institutions. Twin Brook’s flexible product suite allows for tailored financing solutions for leveraged buyouts, recapitalizations, add-on acquisitions, growth capital, and other situations. For more information, visit www.twincp.com.
ABOUT ANGELO, GORDON & CO., L.P.
Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately held limited partnership founded in November 1988. The firm currently manages approximately $41 billion with a primary focus on credit and real estate strategies. Angelo Gordon has over 500 employees, including more than 200 investment professionals, and is headquartered in New York, with associated offices elsewhere in the U.S., Europe, and Asia. For more information, visit www.angelogordon.com.
Amanda Klein/Kevin FitzGerald
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