TPG Credit

Building on the team’s long history in deep credit underwriting

Through our middle market direct lending business, TPG Twin Brook, we provide cash-flow based financing solutions for the middle market private equity community in North America.

TPG Credit’s flexible product suite allows for tailored financing solutions for leveraged buyouts, recapitalizations, add-on acquisitions, growth capital, and other situations for companies that typically have EBITDA between $3 million and $50 million, with a focus on companies with less than $25 million of EBITDA. The group focuses on senior secured loans with a concentration in first liens with a loan-to-value target of 40% to 55%, although opportunistic investments may include second liens, asset-backed securities, unitranche loans, and mezzanine loans, likely in conjunction with providing more senior financing in the same transaction.