Twin Brook Capital Partners has raised $1.6 billion for its AG Direct Lending Fund II. With the addition of separate accounts, the fund’s total capitalization is $2.3 billion. The Chicago-headquartered firm had a $1 billion target and began fundraising in 2016.
Its previous fund raised $850 million in 2016.
The fund will target senior debt opportunities in a diverse number of sectors in the middle-market.