TPG Twin Brook Capital Income Fund Files 8-K
| Field | Detail |
|---|---|
| Company | Tpg Twin Brook Capital Income Fund |
| Form Type | 8-K |
| Filed Date | Aug 25, 2025 |
| Risk Level | low |
| Pages | 13 |
| Reading Time | 16 min |
| Key Dollar Amounts | $17.9 million, $17.9M, $405M, $216M, $1.4 |
| Sentiment | neutral |
Sentiment: neutral
Topics: name-change, administrative
TL;DR
TPG Twin Brook Capital Income Fund officially updated its name, effective 2022.
AI Summary
TPG Twin Brook Capital Income Fund, formerly AG Twin Brook Capital Income Fund, filed an 8-K on August 25, 2025. The filing indicates a change in the company's name, effective February 25, 2022. The company is incorporated in Delaware and its principal executive offices are located at 245 Park Avenue, New York, NY.
Why It Matters
This filing serves as an official notification of the company's name change, which is important for investors and stakeholders to accurately identify the entity in financial records and communications.
Risk Assessment
Risk Level: low — The filing is a routine administrative update regarding a name change and does not indicate any new financial risks or operational changes.
Key Players & Entities
- TPG Twin Brook Capital Income Fund (company) — Registrant
- AG Twin Brook Capital Income Fund (company) — Former company name
- 20220225 (date) — Date of name change
- 245 Park Avenue, 26th Floor, New York, NY 10167 (address) — Principal Executive Offices
- August 25, 2025 (date) — Date of Report
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a change in the registrant's name.
When was the name change effective?
The date of the name change was February 25, 2022.
What is the current name of the registrant?
The current name of the registrant is TPG Twin Brook Capital Income Fund.
What was the former name of the registrant?
The former name of the registrant was AG Twin Brook Capital Income Fund.
Where are the principal executive offices of TPG Twin Brook Capital Income Fund located?
The principal executive offices are located at 245 Park Avenue, 26th Floor, New York, NY 10167.
Filing Stats: 3,911 words · 16 min read · ~13 pages · Grade level 12.9 · Accepted 2025-08-25 17:03:07
Key Financial Figures
- $17.9 million — middle market, and an average EBITDA of $17.9 million (2) , Twin Brook Capital Partners, LLC
- $17.9M — ) (15) 9.8% Average Issuer EBITDA (2) $17.9M Annualized Distribution Rate (Class I)
- $405M — 00% Amount Committed to New Loans (27) $405M Private Investments (Level 3) (20) 10
- $216M — l 3) (20) 100% Offering Proceeds (28) $216M Non-accruals (at cost) (10) 0.2% Firs
- $1.4 — ng Market Statistics Market Size (22) $1.4 trillion Share of Private Credit Fundr
- $93 billion — Lower Middle Market Annual Volume (24) $93 billion Lower Middle Market Share of M&A Volum
- $25 million — . Lower Mid-Market defined as less than $25 million EBITDA, Core Mid-Market defined as $25
- $25 — lion EBITDA, Core Mid-Market defined as $25 up to$50 million EBITDA, Upper Mid-Mark
- $50 million — DA, Core Mid-Market defined as $25 up to$50 million EBITDA, Upper Mid-Market defined as equ
Filing Documents
- agci-20250825.htm (8-K) — 98KB
- 0001913724-25-000078.txt ( ) — 214KB
- agci-20250825.xsd (EX-101.SCH) — 2KB
- agci-20250825_lab.xml (EX-101.LAB) — 20KB
- agci-20250825_pre.xml (EX-101.PRE) — 11KB
- agci-20250825_htm.xml (XML) — 2KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure Portfolio Commentary (All data as of June 30, 2025, unless otherwise noted) TPG Twin Brook Capital Income Fund ("TCAP") has built its portfolio with the objective of generating attractive, consistent total returns across market cycles. To achieve these results, we intend to build a defensive portfolio that will be resilient across market cycles. We believe the following characteristics of our strategy support this objective: Cash Flow Senior Secured Lending : TCAP's portfolio consists of 100% first lien senior secured debt investments (1) in portfolio companies that have a demonstrated track record of cash flow generation. TCAP's portfolio does not include any annualized recurring revenue transactions, asset-based or broadly syndicated loans, which we believe contribute to volatility. Differentiated Business Selection : With a keen focus on the lower middle market, and an average EBITDA of $17.9 million (2) , Twin Brook Capital Partners, LLC ("TPG Twin Brook") is able to secure covenants and revolvers (3)(4) in 100% of its investments, which are two important hallmarks of our active portfolio management approach, which we believe is achievable in the lower middle market. Resilient Portfolio : As a result of our lower middle market focus and thorough underwriting process, TCAP's average portfolio company has a loan-to-value ratio of 40% (5) , which has been relatively stable since inception, and an interest coverage ratio of 2.3x (6) . 100% of the loans in TCAP's portfolio are to private equity sponsored companies (7) , and TPG Twin Brook is a lead lender (8) for nearly all loans in TCAP's portfolio. We believe these characteristics, along with others, have led to competitive payment-in-kind ("PIK") and non-accrual rates of 1.2% (9) and 0.2% (10) , respectively. Established Origination Capabilities : TPG Twin Brook has established itself as a leader within the lower middle market. For the second quarter of 2025, TPG Twin