TPG Twin Brook Capital Income Fund

CIK 0001913724TPG

TPG Twin Brook Capital Income Fund is a non-traded business development company advised by TPG. With $4.5 billion in total assets, it is a mid-sized fund in the coverage universe. The portfolio is concentrated in direct lending, with 96% in first-lien senior secured loans and 95% in floating-rate debt by fair value, at a weighted-average spread of 529 bps over the base rate. Its largest sector exposure is Health Care (14% of holdings).

NAV/Share

$25.19

AUM

$4.5B

Positions

791

Strategy

Private Credit

Wtd. Avg. Coupon

9.1%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

3.1 yrs

96% coverage

Top 10 Concentration

13.2%

PIK in Terms

2.9%

Instrument type

Share of portfolio fair value

First Lien

96%

of fair value

First Lien95.6%

Equity2.1%

Other2.1%

Industry exposure

Share of holdings fair value

Top 5

96%

of holdings

Health Care14.2%

Other1.6%

Industrials1.6%

Consumer Discretionary1.6%

Materials1.1%

Communication Services1.0%

Financials0.9%

Consumer Staples0.7%

Real Estate0.4%

Information Technology0.1%

Unknown76.9%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.