Vishal Sheth was named chief financial officer for Twin Brook Capital Partners, the middle-market direct lending subsidiary of Angelo, Gordon. Timothy Schifer, former director of Madison Capital, joined the firm as a managing director focused on underwriting and portfolio management.

Schifer and Sheth are based in Chicago.

“Tim is a well-respected industry executive with significant expertise underwriting and managing middle-market loan transactions. Having previously worked closely with Tim for more than a decade, we have witnessed first-hand his knowledge and commitment to the oversight of a middle-market portfolio,” said Trevor Clark and Chris Williams, co-heads of Twin Brook.

Schifer brings more than 25 years of lending experience in the middle-market. During his 14-year tenure with Madison Capital Funding, he oversaw the firm’s loan and investment portfolio and served as underwriting deal team leader, new business and sponsor client relationship manager and senior portfolio manager.

Previously, he financed middle-market, private equity-sponsored transactions at the leveraged finance units of Mercantile Bank and LaSalle Bank.

As a senior member of Angelo, Gordon’s finance and accounting team, Sheth was involved in firm-wide business development, financial planning and management reporting. He was instrumental in developing the accounting and finance functions for the Twin Brook platform. Before joining Angelo, Gordon in 2014, Sheth worked at Fortress Investments and PricewaterhouseCoopers.

Twin Brook focuses on loans to private equity-owned companies with EBITDA between $3 million and $50 million, with an emphasis on companies with $25 million of EBITDA and below.

Angelo, Gordon is a privately held limited partnership founded in November 1988. The firm currently manages approximately $28 billion with a primary focus on credit and real estate strategies.