Twin Brook Capital Partners, the mid-market direct lending subsidiary of Angelo, Gordon & Co., has hired two senior originators from Madison Capital Funding, PDI understands.
Pete Notter, who was a director at Madison Capital for 10 years, and Chris Martin, who has worked there in a similar role for eight years, are set to join the Chicago-based credit firm soon.
A Madison Capital spokeswoman declined to comment on their departures.
Twin Brook was formed in 2014 when Angelo, Gordon hired Trevor Clark and Chris Williams to launch the business. The duo previously ran Madison Capital, and have since hired several former colleagues at Twin Brook. Madison Capital, also a Chicago-based lender, which is owned by insurer New York Life, has been losing many senior investment staff members in the past few years.
Twin Brook recently closed its debut fund on $596 million in equity capital commitments, as PDI previously reported. Between the equity capital, separate accounts and credit lines, the platform has about $1.6 billion in buying power.
New York-headquartered Angelo, Gordon runs a variety of other debt strategies, including distressed debt, energy credit and real estate debt. The firm also manages private equity and real estate equity funds, as well as hedge funds. Angelo, Gordon has about $26 billion in assets under management overall.