Angelo Gordon has raised more than $2.75 billion in equity commitments for AG Direct Lending Fund III, which is managed by Twin Brook Capital Partners, Angelo Gordon’s middle market direct lending subsidiary.
The fund will seek to capitalize on the long-term investment opportunities in middle market direct lending by sourcing, underwriting, and actively managing 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. Twin Brook targets senior financing opportunities up to $200 million, with hold sizes across the platform ranging from $25 million up to $150 million.
“I’d like to thank our new and returning investors for their support and confidence in our strategy. The robust reception this fund received is a testament to our deep bench of talent, differentiated platform, and unique focus on the lower middle market,” said Twin Brook Founder and Managing Partner Trevor Clark. “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.”
