Twin Brook raises $2.3B middle-market direct lending fund

Monroe provides private credit to borrowers in the U.S. and Canada and manages about $19.5 billion.

The firm in 2020 sold its credit business to Bridgepoint, which combined it with its own credit business to create an enlarged group that had over $7.6 billion of total AUM.

The deal was prompted by TPG becoming a direct competitor to Sixth Street through the purchase of credit firm Angelo Gordon.