Latest news with #continuationvehicle
Globe and Mail
5 days ago
- Business
- Globe and Mail
TPG Twin Brook Closes $3 Billion Continuation Vehicle, Led by Coller Capital
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. This press release features multimedia. View the full release here: 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.
Yahoo
05-08-2025
- Business
- Yahoo
Painswick Capital Closes Inaugural Fund Above Target at $1.5 Billion
NEW YORK, Aug. 5, 2025 /PRNewswire/ -- Painswick Capital Management LP ("Painswick" or the "Firm") today announced the final close of its inaugural fund, Painswick Capital Fund I LP (the "Fund") and related entities, with total commitments of approximately $1.5 billion. The Fund exceeded its initial target of $750 million, attracting a diverse group of global investors, including pension funds, insurance companies, asset managers, foundations, endowments, family offices, and high-net worth individuals. Painswick was founded as a specialist investment firm to capitalize on the opportunity within the rapidly growing single-asset continuation vehicle market. Established in 2024 by Founder John L. Garcia, the Chairman and former CEO of AEA Investors, the Firm seeks to invest with high-performing management teams, companies, and sponsors. The Painswick team leverages its global network and cycle-tested private equity underwriting experience to select the best risk adjusted opportunities within this emerging asset class. "We are pleased to close our debut fund well above our target raise, which is a testament to the strategy, the experience of our team, and the increasing realization by investors of the attractiveness of this growing market," said John Garcia, Founder and Managing Partner of Painswick. "The single-asset continuation vehicle market is still early in its growth trajectory, and we are grateful for the support of our Fund I investors, who share our conviction in the significant and long-term potential of our strategy. With Fund I, Painswick is positioned as a scaled differentiated partner, with the ability to back exceptional businesses through a focused, disciplined strategy designed to deliver compelling risk-adjusted returns for our investors." Since its establishment in 2024, Painswick has completed four investments across a range of industries in North America and Europe. Simpson Thatcher and Bartlett LLP served as legal counsel to Painswick in connection with the fundraise. About Painswick CapitalPainswick is a New York-based specialist investment firm primarily focused on high-performing middle market companies within the rapidly expanding single-asset continuation vehicle market. Established in 2024 as a partnership between John L. Garcia and AEA Investors, Painswick seeks to invest with high-performing management teams, companies, and sponsors, utilizing the expertise and private equity underwriting experience of its team. More information is available at Media Contact Kate Thompson / Madeline JonesJoele Frank, Wilkinson Brimmer Katcher212.355.4449media@ View original content to download multimedia: SOURCE Painswick Capital Management LP
