Ropes & Gray Advised TPG Twin Brook on $3 Billion Continuation Vehicle
Global leading law firm Ropes & Gray advised TPG Twin Brook Capital Partners on the closing of a $3 billion credit-focused
Ropes & Gray Advised TPG Twin Brook on $3 Billion Continuation Vehicle
Global leading law firm Ropes & Gray advised TPG Twin Brook Capital Partners on the closing of a $3 billion credit-focused continuation vehicle, which represents the largest completed transaction of its kind to date in the private credit secondaries market. The transaction was announced in a press release on August 12.
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 transaction involved a consortium of investors led by Coller Capital, the world’s largest dedicated private market secondaries manager.
The Ropes & Gray team was led by includes asset management Laura Hirst (Partner), Laurel FitzPatrick (Partner), Katherine Waite (Partner), Adam Greenwood (Partner), and Rob M. Schmidt (counsel).
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