Coller, TPG Ink $3 Billion Private-Credit Secondaries Deal

Coller Capital Ltd., a UK-based investor in the secondary market for private assets, closed a deal with middle-market direct lender TPG Twin Brook Capital Partners to establish a $3 billion continuation fund, according to a statement seen by Bloomberg News.

The deal will transfer a portfolio of TPG Twin Brook loans from previous vintages into a new fund. It’s the biggest such vehicle in private credit secondaries to date, according to the statement, and the first for TPG Twin Brook.