Twin Brook Capital Partners has added another seasoned healthcare professional to its team.
The Chicago-based mid-market lender has hired Timothy Wentink as a managing director for its healthcare unit. Wentink joins with more than 13 years of experience in the mid-market healthcare lending industry, according to a press release.
Wentink was previously a managing director focused on healthcare leveraged finance at Madison Capital Funding for more than 11 years, according to his LinkedIn profile. The press release added that, while at Madison, Wentink was responsible for originating, underwriting, structuring and negotiating debt facilities for private equity-backed transactions. Prior to that, he was an assistant vice-president at Merrill Lynch on its healthcare leveraged loan team.
Additional details about the focus of Wentink’s new role have not been stated. Twin Brook declined to comment at press time.
Healthcare has become an increasing focus for Twin Brook. Since the firm started five years ago, it has committed more than $2.3 billion to 85 healthcare transactions. It committed $1 billion of that capital to the strategy during 2018 alone.
Twin Brook Capital Partners was founded in 2014 and has made more than $9.6 billion of capital commitments since its inception. The firm is the lower mid-market subsidiary of Angelo Gordon, which has more than $32 billion in assets under management.