TPG Arm Links with Coller on Investment
TPG Twin Brook Capital Partners, the middle-market direct lending platform of TPG Inc. (NASDAQ: TPG), and Coller Capital, the world’s largest dedicated private market secondaries manager, today announced the closing of a $3-billion credit-focused continuation vehicle, marking the largest completed transaction of its kind to date in the private credit secondaries market.
The continuation vehicle was 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 vehicle supports long-term alignment between TPG Twin Brook and its LP base by providing existing investors with an attractive liquidity option, and offering new investors access to a diversified and high-quality pool of private credit assets alongside a long-tenured manager.
It also reflects increasing institutional demand for credit secondaries, with transaction volume in the category accelerating as the broader private credit market continues to mature and expand.
“The successful close of our first continuation fund underscores the strength of our partnership with Coller Capital and our shared commitment to maximizing the value of high-performing assets while delivering creative liquidity solutions to our investors,” said Trevor Clark, Founder and Managing Partner of TPG Twin Brook. “The strong support we received validates our flexible, solutions-based approach, and we look forward to continuing to manage these loans through the next phase of their lifecycle.”
Shares in TPG hiked $2.04, or 3.4%, Tuesday to $63.52.
