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Angelo Gordon Closes Direct Lending Fund at $2.75B
Angelo, Gordon & Co. has raised more than $2.75 billion in equity commitments for AG Direct Lending Fund III, exceeding its $2-billion target and making this Angelo Gordon’s largest direct lending fund to date. The Fund is managed by Twin Brook Capital Partners, Angelo Gordon’s middle-market direct lending subsidiary.
Fund III will source, underwrite and manage a diversified portfolio of middle market, floating rate, senior secured loans, with a focus on providing first lien secured debt to lower middle market, sponsor-backed companies. The fund received strong backing from existing Angelo Gordon investors along with participation from new global institutional investors.
“With over $5 billion of buying power from this Fund, our experienced team is well positioned to execute on our strong pipeline of opportunities and continue our tradition of providing leadership, support, and financing solutions to our private equity clients,” said Trevor Clark, Twin Brook founder and managing partner.
Pictured: Angelo Gordon headquarters in Midtown Manhattan
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
