Twin Brook Capital Partners has hired a former banking executive as a partner and head of capital markets, the mid-market lender said on Thursday.
Garrett Ryan will oversee all the firm’s private credit-related activities while working out of its Chicago headquarters, according to the statement.
Trevor Clark and Chris Williams, Twin Brook’s founders, said in the statement that adding a new head of capital markets was a result of the platform’s “overwhelming demand” to lead financings from private equity sponsors.
“Garrett is a known commodity to the Twin Brook firm, and we highly respect his capabilities and know that he is a great fit for our organization,” Williams told Private Debt Investor.
Ryan comes to Twin Brook with years of experience in structuring and originating financing for banks and debt products for private equity firms, including leveraged buyouts, recapitalisations and refinancings, the company said.
Most recently, he was the managing director of debt capital markets at Fifth Third Bank. Before joining that bank in 2008, Ryan also served as a director of capital markets at CapitalSource, a director at LaSalle Bank, and a loan officer at Allied Irish Bank. He holds a MBA from Northwestern University and a bachelor of commerce from the University College of Dublin, Ireland.
Twin Brook provides loans to companies with EBITDA between $3 million and $50 million. The lender targets such deals in the lower mid-market because of its favourable transaction structures and less-crowded space, the firm told PDI last September.
The company said then that it prioritises lower-mid market deals with private equity sponsors, who add a “very intense” due diligence to transactions.
The Angelo Gordon subsidiary has completed 80 transactions, totaling $2.3 billion of commitments, since its founding in 2014, according to the statement. Earlier this month, the firm provided a $55 million financing on recapitalisation of an electrical parts manufacturer, as PDI reported.