Twin Brook Capital, a lending subsidiary of Angelo, Gordon & Co, has appointed Betsy Booth as a vice president of underwriting. Previously, Booth worked at Ares Capital Management where she served as a senior associate. And, as previously reported by PE HUB, Twin Brook recently hired Michael LaBelle as a vice president of underwriting. Prior to joining Twin Brook, LaBelle worked at National Express Corporation where he was a director in corporate development.
NEW YORK and CHICAGO – September 16, 2015 – Twin Brook Capital Partners, the middle market direct lending subsidiary of Angelo, Gordon & Co., announced it has added two Vice Presidents of Underwriting to its staff and opened its new office in the heart of Chicago. Betsy Booth and Michael LaBelle joined the firm in August and will augment the firm’s existing team that underwrites loans to middle market companies, focusing on those with private equity sponsors. Additionally, the firm recently closed its second financing facility with a major financial institution.
“We continue to round out our staff and add to our capabilities by building a cohesive team that has largely worked together in the past,” said Christopher Williams, Partner at Twin Brook Capital Partners. “The addition of Betsy and Michael, who we know well, coupled with the opening of our new office in Chicago, showcases the fact that our strategy has resonated within the private equity community and the financing we’re offering is attractive for both private equity firms and their portfolio companies.”
Twin Brook Capital Partners focuses on loans to companies with EBITDA between $3 million and $50 million. The firm has recently completed its tenth financing and has committed approximately $200 million in loans to companies in its first five months. Twin Brook’s experienced team has successfully closed over 1,100 transactions with over 200 different middle market private equity firms.
Prior to joining Twin Brook, Betsy Booth was most recently at Ares Capital Management, where she was a Senior Associate. Prior to Ares, she worked at Madison Capital Funding as an Assistant Vice President of Underwriting. Betsy began her career at MB Financial Bank.
Prior to joining Twin Brook, Michael LaBelle was most recently at National Express Corporation, where he was a Director in Corporate Development. Prior to National Express, he worked at Madison Capital Funding as an Assistant Vice President of Underwriting. Michael began his career at William Blair & Company.
Twin Brook Capital’s new offices are located at 300 South Wacker Drive, Suite 3500, Chicago, IL 60606.
“In the short time Twin Brook Capital has been open, we’ve seen rapid change in the middle market lending landscape and a real need for the type of financing solutions we provide,” said Trevor Clark, Partner at Twin Brook Capital Partners. “Our great team and our partnership with Angelo Gordon give us a unique presence and capability in the market.”
Twin Brook Capital Partners is led by Trevor Clark and Christopher Williams. Both previously founded Madison Capital Funding. Other Twin Brook Partners and Principals include Richard Christensen, David Gibson, Grant Haggard, Drew Guyette and Jessica Nels.
About Twin Brook Capital Partners
Twin Brook Capital Partners is a finance company focused on providing cash-flow based financing solutions for the middle market private equity community. The firm was founded and is managed by a group of highly experienced, dedicated professionals who have successfully worked together throughout their careers at leading middle market lending institutions. Over the course of their careers, the team has successfully closed over 1,100 transactions with 200+ different middle market private equity firms. Twin Brook’s flexible product suite allows for tailored financing solutions for leveraged buyouts, recapitalizations, add-on acquisitions, growth capital and other situations for companies that typically have EBITDA between $3.0 million and $50 million.
About Angelo, Gordon & Co.
Angelo, Gordon & Co., L.P. is a privately held limited partnership founded in November 1988, and currently manages approximately $27 billion. The Firm’s investment focus centers around three core competencies – credit, real estate, and private equity – and manages capital across five principal areas: (i) private equity, (ii) real estate equity and debt and net lease, (iii) residential and commercial mortgage-backed and asset-backed securities, and whole loans, (iv) distressed debt and leveraged loans, and (v) multi-strategy. Angelo, Gordon has approximately 370 employees, approximately 140 of whom are investment professionals, and is headquartered in New York, with associated offices elsewhere in the US, Europe and Asia. For more information, visit www.angelogordon.com.