Twin Brook Capital Partners

Trevor Clark, the firm's founder and managing partner, chairs the investment committee and sets the strategic direction. Day-to-day underwriting is led by a senior team of partners who have largely worked together since the Angelo Gordon era. The partnership structure emphasizes consensus-driven credit decisions rather than delegated individual authority.

Twin Brook was founded as a distinct legal entity within Angelo Gordon's alternative credit platform in 2014, when Trevor Clark and his team carved out AG's lower-middle-market lending strategy into a dedicated, separately branded operation. Angelo Gordon remains a strategic partner, and Twin Brook's flagship funds carry the AGTB prefix. In 2023, Bonaccord Capital Partners acquired a minority stake in the management company, diversifying ownership beyond AG.

The firm finances private equity-backed leveraged buyouts, recapitalizations, add-on acquisitions, and growth capital investments. Twin Brook also occasionally provides refinancing for existing portfolio companies when sponsors are executing dividend recapitalizations or seeking to optimize capital structures ahead of a sale process.

Twin Brook operates almost entirely within the United States, with a concentration on companies headquartered in the Midwest, Northeast, and Southeast. The firm has not established international offices or dedicated non-US lending teams, and its limited partner base is predominantly North American institutional investors.

Twin Brook explicitly avoids cyclical industrial businesses with high fixed-cost bases, commodity-exposed energy and mining companies, early-stage pre-revenue technology platforms, and any business model dependent on government reimbursement rate risk that cannot be modeled deterministically. The firm also does not lend to financial institutions or real estate operating companies.