Twin Brook co-founder Chris Williams on indefinite leave: investor letter

  • Remains on investment committee for second fund
  • Launched Twin Brook in 2014 with Trevor Clark
  • Duo helped co-found Madison Capital in 2001

Chris Williams, a partner at Twin Brook Capital Partners, has taken an “indefinite leave of absence” from the middle-market lender, according to a March 12 letter sent to investors.

Williams, along with Partner Trevor Clark, launched Twin Brook in 2014. The Chicago-based firm is the mid-market direct lending business of Angelo Gordon & Co, focusing on loans to companies with EBITDA between $3 million and $50 million.

Williams, who remains on the investment committee for Twin Brook’s second fund, took the leave due to a health issue with an immediate family member, according to the letter, which was sent to investors in AG Direct Lending Fund II. Williams is still an employee of Twin Brook, a source said.

Buyouts was unable to learn if the leave of absence triggered a key-man provision for Fund II.

Prior to Twin Brook, Williams and Clark co-founded Madison Capital Funding LLC, a subsidiary of New York Life Investments, in 2001 with the backing of New York Life. In 2013, the two executives left Madison Capital after allegedly violating company policies, the New York Times reported.

Several former Madison Capital executives have since joined Twin Brook, which competes with Madison Capital in the middle-market loan business.

Twin Brook has raised two funds. In 2017, the firm closed its second direct lending fund at $2.13 billion, Buyouts reported. In 2016, Twin Brook raised $850 million in equity for its inaugural lending fund.

Twin Brook declined comment.

Action Item: For more information on Twin Brook, see its website: https://www.twincp.com/

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