Ropes & Gray advises on Angelo, Gordon Second Direct Lending Fund

In The News
July 27, 2017
Jessica Taylor O'Mary
Adam D. Greenwood

Ropes & Gray advised Twin Brook Capital Partners (“Twin Brook”), the middle-market direct lending subsidiary of Angelo, Gordon & Co., on the final close of AG Direct Lending Fund II (the “Fund”).  Total equity capital raised exceeds $2.3 billion, surpassing the Fund’s target by $600 million. AG Direct Lending Fund II will seek to capitalize on the long-term investment opportunities in middle-market direct lending. The final close of the Fund was announced on July 19.

Twin Brook Capital Partners is a finance company focused on providing cash-flow based financing solutions for the middle-market private equity community. Angelo, Gordon & Co., L.P. is a privately held limited partnership founded in November 1988. The firm currently manages approximately $28 billion with a primary focus on credit and real estate strategies.

The New York-based Ropes & Gray team advising on the Fund was led by hedge funds partner Jessica O’Mary and tax partner Adam Greenwood.