TPG Finance

TPG Twin Brook Closes $3 Billion Continuation Vehicle, Led by Coller Capital

Published August 12, 2025 at 12:00 PM

CHICAGO & NEW YORK--(BUSINESS WIRE)--TPG Twin Brook Capital Partners (“TPG Twin Brook”), the middle-market direct lending platform of TPG Inc. (NASDAQ: TPG), and Coller Capital, the world’s largest dedicated private market secondaries manager, today announced the closing of a $3 billion credit-focused continuation vehicle, marking the largest completed transaction of its kind to date in the private credit secondaries market. The continuation vehicle was established to acquire a diversified port

Related Questions

How will the $3 billion continuation vehicle affect TPG’s capital structure and leverage ratios? How will the partnership with Coller Capital affect TPG’s access to secondary market liquidity and pricing benchmarks? What is the expected impact of this transaction on TPG’s share price in the short term? How does the size and terms of this continuation vehicle compare to similar deals by competitors such as Blackstone or KKR? What types of assets and credit exposures will the continuation vehicle acquire, and how might that influence TPG’s risk profile? What is the anticipated return profile and cash‑flow timeline for investors in the continuation vehicle? What are the potential implications for TPG’s existing direct lending portfolio and its ability to generate new loan commitments? Will the continuation vehicle’s capital be deployed primarily in existing holdings or new acquisitions, and what sectors are targeted? How might this transaction influence market perception of the private credit secondaries space and future fundraising activity? Are there any regulatory or tax considerations that could impact the vehicle’s performance or TPG’s overall financials?