Angelo Gordon closed the AG Credit Solutions Fund II with $3.1 billion of equity commitments, exceeding the fund’s $3 billion target in seven months from the initial opening to final close.
Alan Isenberg, former head of product strategy and marketing at Neuberger Berman, joined Angelo Gordon as global head of its client partnership group. In this role, he will be responsible for leading the firm’s worldwide client and product functions.
Tupperware Brands prepaid $58 million of its term loan debt from Angelo Gordon and JP Morgan. In addition, its board of directors authorized share repurchases of up to $250 million of the company’s outstanding shares of common stock.
Angelo Gordon added Nicholas Smith as managing director to lead the firm’s whole loan business and expand the team’s capabilities across multiple asset classes. The firm also hired Rodney Hutter as managing director responsible for private credit origination.
Twin Brook Capital Partners, the middle market direct lending subsidiary of Angelo Gordon, committed more than $925 million to private equity sponsors in support of healthcare transactions last year, completing 26 healthcare transactions across 10 subsectors.
Global alternative investment firm Angelo Gordon provided Exela Technologies, a location-agnostic global business process automation company, with a five-year, $145 million term loan facility.
Pacific Drilling and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11. Greenhill & Co. is acting as financial advisor, Latham & Watkins and Jones Walker are acting as legal counsel and AlixPartners is acting as restructuring advisor.
Christopher & Banks amended its asset-based revolving credit facility and entered into a term loan credit facility with a subsidiary of Angelo Gordon.
Twin Brook Capital Partners has committed more than $3.3 billion to private equity sponsors in support of healthcare transactions, including over $1.3 billion last year alone.