Twin Brook Capital Partners, the Chicago-based mid-market lending subsidiary of Angelo, Gordon & Co. (AG), hired Faraaz Kamran to lead its healthcare lending effort. Kamran was previously a managing director and head of healthcare leveraged finance at Madison Capital Funding, another Chicago-based middle-market lender.
Twin Brook was started in 2014 by Trevor Clark and Chris Williams, who were some of the original founders of Madison Capital. Kamran, who left Madison Capital in November, will be rejoining them, as well as several other staffers who had followed the duo to Twin Brook over the past year.
At Twin Brook, Kamran will focus on originating and underwriting loans to mid-market companies in the healthcare sector, with most being sponsor-backed transactions. Twin Brook also recently added three new underwriting associates.
“Faraaz has deep expertise in healthcare lending, and his appointment at Twin Brook underscores our commitment to the burgeoning healthcare sector,” commented Williams.
“I have years of experience working with many of the partners at the firm and am confident in our ability to build a market-leading healthcare business,” said Kamran.
Twin Brook focuses on loans to companies with EBITDA between $3 million and $50 million. The firm recently completed its 18th financing and has committed over $325 million of capital to companies in its first eight months.
Angelo, Gordon is a private alternative investment firm that has about $26 billion in assets under management. The firm was founded in 1988 and handles a variety of private equity, distressed debt, real estate and hedge fund strategies. AG is headquartered in New York, with additional offices across the US, Europe and Asia.