Latest news with #TrevorClark
Business Wire
12-08-2025
- Business
- Business Wire
TPG Twin Brook Closes $3 Billion Continuation Vehicle, Led by Coller Capital
CHICAGO & NEW YORK--(BUSINESS WIRE)--TPG Twin Brook Capital Partners ('TPG Twin Brook'), 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.' 'We're proud to back TPG Twin Brook in what is a milestone transaction for the private credit secondaries market,' said Michael Schad, Partner and Head of Coller Credit Secondaries at Coller Capita l. 'This is a high-quality, diversified portfolio managed by one of the most consistent credit platforms in the market, and we are pleased to support its continued success with long-term, strategic capital." 'This transaction demonstrates what can be achieved when strong portfolio fundamentals meet thoughtful structure and partnership,' adds Jonathan Leu, Principal at Coller Capital. 'We appreciated the opportunity to work closely with TPG Twin Brook to design a solution that delivered on multiple priorities: liquidity, alignment, and long-term capital." The transaction supports long-term alignment between TPG Twin Brook and its LP base while enabling continued active management of its highly diversified and performing portfolio of North American middle-market borrowers. Campbell Lutyens served as financial adviser on the transaction. Legal counsel for Coller Capital was provided by Debevoise & Plimpton LLP. Ropes & Gray LLP acted for TPG Twin Brook. Deutsche Bank provided financing for the transaction. About TPG TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. For more information, visit About Coller Capital Coller Capital is a global leader in the secondary market for private assets, renowned for being a pioneer and innovator in the asset class. Founded in 1990, Coller provides investment and liquidity solutions to private market investors worldwide and currently manages $40 billion in private equity, private credit, and other private market vehicles. With headquarters in London and offices across North America, Europe, and Asia-Pacific, our multinational team offers a truly global reach. Coller has exclusively focused on secondary investing since inception and today boasts one of the largest dedicated investment teams in the asset class. In July 2025, Coller Capital announced the final closing of Coller Credit Opportunities II ('CCO II'), bringing a record total of $6.8 billion raised for Coller's credit platform in its latest fundraising cycle. Coller's Private Wealth Secondaries Solutions (PWSS) business offers perpetual funds to eligible private wealth investors globally. For more information, visit 1 Campbell Lutyens proprietary analysis of global secondary transaction data up to August, 2025.
NHK
29-05-2025
- General
- NHK
UNICEF: Millions of children at grave risk in Myanmar
UNICEF is calling for a more urgent response to the massive earthquake in Myanmar two months ago. Officials say more than 6 million people desperately need life-saving assistance. The figure includes 2 million children. The country's junta says the disaster killed more than 3,700 people and injured over 5,000. Many survivors in Sagaing near the epicenter are still living in tents and makeshift shelters. Temples are caring for youngsters who lost their parents and homes. But the stress is taking a severe mental toll. The UN children's agency is warning of depression and PTSD. UNICEF Regional Chief of Emergency Trevor Clark suggested there are difficulties accessing high numbers of children in need of mental health support. He said: "We, based on humanitarian principles, will prioritize where the most vulnerable children are, and we'll get to them." He also said the international community should be providing long-term support as the dire situation in Myanmar drags on.
Yahoo
31-03-2025
- Politics
- Yahoo
As Trump guts foreign aid, China and others lead Myanmar earthquake response
BANGKOK — Chinese rescuers have freed six people from the rubble of an earthquake in Myanmar, including a child and a pregnant woman, Chinese state media reported Monday, placing Beijing at the forefront of an international rescue effort from which the United States has been largely absent. Rescue teams from India, Malaysia, Russia, Thailand and other countries have already arrived in Myanmar, where the military-led government says the death toll from a 7.7-magnitude earthquake Friday has surpassed 1,700, a figure that is expected to rise. But a U.S. team has yet to appear at the scene of the quake in the Southeast Asian nation, which occurred the same day the State Department informed thousands of employees of the U.S. Agency for International Development, which administers civilian foreign aid, that nearly all of their roles were being eliminated. Critics have warned that President Donald Trump's cuts to U.S. foreign aid, which had previously accounted for less than 1% of the annual federal budget, could create an opening for authoritarian governments such as China and Russia that are trying to increase their global influence. The U.S. Embassy in Myanmar, one of the world's poorest countries, said Sunday in a post on X that the U.S. would provide up to $2 million in aid through Myanmar-based humanitarian assistance organizations. The embassy also said that a USAID emergency response team was 'deploying to Myanmar to identify the people's most pressing needs, including emergency shelter, food, medical needs, and access to water.' It was not immediately clear when the U.S. team would arrive in Myanmar, even as the country Monday marked the end of the crucial 72 hours since the quake after which the survival rate of people trapped in the rubble sharply decreases. The State Department said last week that cuts to foreign aid had not affected the U.S. government's ability to respond to the earthquake. But the U.S. absence is being felt on the ground in Myanmar, a country of 54 million people that, in addition to the earthquake, has been embroiled in a civil war for four years. 'We've seen a broad cut in humanitarian aid, that's undeniable,' Trevor Clark, UNICEF's regional chief of emergency, told NBC News in Bangkok on Monday. 'What we're focused on right now is just the immediate stuff. We've been able to mobilize some internal resources, and we're confident that other sort of partners will step up.' China has announced $14 million in assistance for Myanmar, including 1,200 tents, 8,000 blankets and 40,000 first aid kits. A team of 118 Chinese rescuers arrived in the country Sunday along with six rescue dogs and two vehicles, according to Xinhua, China's state-run news agency, in addition to 82 who arrived Saturday. Video from the state-run broadcaster CCTV showed two Chinese rescuers pulling a 5-year-old girl from the rubble of a collapsed apartment building early Monday in Mandalay, Myanmar's second-largest city, which was near the epicenter of the quake. The girl was carried down in the claw of an excavator, while a pregnant woman rescued from the same building was carried out on a gurney hooked to a zipline, video from Xinhua showed. Russia, meanwhile, has sent 20 rescuers, including dog handlers and drone operators, according to the Russian state news agency Tass, as well as three planes including an airmobile hospital. The international response to the earthquake is complicated by the civil war, with the delivery of aid hampered by 'damaged roads, collapsed bridges, unstable communications, and the complexities related to civil conflict,' the World Health Organization said Sunday. Myanmar's military government, which seized power in a 2021 coup, tightly controls access to the country and has continued bombing rebel forces in the days since the quake even as the country is rattled by aftershocks. But it has also sought international help, inviting 'any country' to provide assistance. Thailand has sent a team to neighboring Myanmar even as it deals with its own casualties from the quake, which sent high-rises swaying in the Thai capital, Bangkok, hundreds of miles from the epicenter. Rescue efforts in Bangkok are centered on a 33-story building under construction that collapsed in the quake, trapping scores of workers. On Monday, rescuers recovered a 12th body from the wreckage of the building, out of the 19 people killed across the city. Nine people have been found alive while more than 70 others are still missing at the site of the building, where U.S. service members are working alongside the Thai military and other first responders. Even as rescue efforts continued for a fourth day, officials did not give up hope of finding more survivors. On Monday, Bangkok Deputy Gov. Tavida Kamolvej said life-detection equipment had found a weak vital sign under the rubble, prompting Prime Minister Paetongtarn Shinawatra to leave the scene so rescuers could hear better. 'Every second counts, it really counts,' Tavida said. Nat Sumon, Ed Flanagan and Janis Mackey Frayer reported from Bangkok, Mithil Aggarwal and Yixuan Tan reported from Hong Kong. This article was originally published on
NBC News
31-03-2025
- Politics
- NBC News
As Trump guts foreign aid, China and others lead Myanmar earthquake response
BANGKOK — Chinese rescuers have freed six people from the rubble of an earthquake in Myanmar, including a child and a pregnant woman, Chinese state media reported Monday, placing Beijing at the forefront of an international rescue effort from which the United States has been largely absent. Rescue teams from India, Malaysia, Russia, Thailand and other countries have already arrived in Myanmar, where the military-led government says the death toll from a 7.7-magnitude earthquake on Friday has surpassed 1,700, a figure that is expected to rise. But a U.S. team has yet to appear at the scene of the quake in the Southeast Asian nation, which occurred the same day the State Department informed thousands of employees of the U.S. Agency for International Development, which administers civilian foreign aid, that nearly all of their roles were being eliminated. Critics have warned that President Donald Trump 's cuts to U.S. foreign aid, which had previously accounted for less than 1% of the annual federal budget, could create an opening for authoritarian governments such as China and Russia that are trying to increase their global influence. The U.S. Embassy in Myanmar, one of the world's poorest countries, said Sunday in a post on X that the U.S. would provide up to $2 million in aid through Myanmar-based humanitarian assistance organizations. The embassy also said that a USAID emergency response team was 'deploying to Myanmar to identify the people's most pressing needs, including emergency shelter, food, medical needs, and access to water.' It was not immediately clear when the U.S. team would arrive in Myanmar, even as the country on Monday marked the end of the crucial 72 hours since the quake after which the survival rate of people trapped in the rubble sharply decreases. The State Department said last week that cuts to foreign aid had not affected the U.S. government's ability to respond to the earthquake. But the U.S. absence is being felt on the ground in Myanmar, a country of 54 million people that in addition to the earthquake has been embroiled in a civil war for four years. 'We've seen a broad cut in humanitarian aid, that's undeniable,' Trevor Clark, UNICEF's regional chief of emergency, told NBC News in Bangkok on Monday. 'What we're focused on right now is just the immediate stuff. We've been able to mobilize some internal resources, and we're confident that other sort of partners will step up.' China has announced $14 million in assistance for Myanmar, including 1,200 tents, 8,000 blankets and 40,000 first aid kits. A team of 118 Chinese rescuers arrived in the country on Sunday along with six rescue dogs and two vehicles, according to Xinhua, China's state-run news agency, in addition to 82 who arrived on Saturday. Video from state-run broadcaster CCTV showed two Chinese rescuers pulling a 5-year-old girl from the rubble of a collapsed apartment building early Monday in Mandalay, Myanmar's second-largest city, which was near the epicenter of the quake. The girl was carried down in the claw of an excavator, while a pregnant woman rescued from the same building was carried out on a gurney hooked to a zipline, video from Xinhua showed. Russia, meanwhile, has sent 20 rescuers, including dog handlers and drone operators, according to Russian state news agency TASS, as well as three planes including an airmobile hospital. The international response to the earthquake is complicated by the civil war, with the delivery of aid hampered by 'damaged roads, collapsed bridges, unstable communications, and the complexities related to civil conflict,' the World Health Organization said Sunday. Myanmar's military government, which seized power in a 2021 coup, tightly controls access to the country and has continued bombing rebel forces in the days since the quake even as the country is rattled by aftershocks. But it has also sought international help, inviting 'any country' to provide assistance. Thailand has sent a team to neighboring Myanmar even as it deals with its own casualties from the quake, which sent high-rises swaying in the Thai capital, Bangkok, hundreds of miles from the epicenter. Rescue efforts in Bangkok are centered on a 33-story building under construction that collapsed in the quake, trapping scores of workers. On Monday, rescuers recovered a 12th body from the wreckage of the building, out of the 19 people killed across the city. Nine people have been found alive while more than 70 others are still missing at the site of the building, where U.S. service members are working alongside the Thai military and other first responders. Even as rescue efforts continued for a fourth day, officials did not give up hope of finding more survivors. On Monday, Bangkok Deputy Governor Tavida Kamolvej said life-detection equipment had found a weak vital sign under the rubble, prompting Prime Minister Paetongtarn Shinawatra to leave the scene so rescuers could hear better. 'Every second counts, it really counts,' Tavida said.
