Anastasia Donde

Twin Brook Capital Partners, Angelo Gordon’s direct lending subsidiary, has collected $400 million towards its $500 million target and fundraising should be concluded in January.  

Banking veteran David Scudellari has joined the Canadian pension investment manager to lead its new direct lending arm. He plans to staff the office with 10 more people and PSP will also eventually house other alternative investment professionals in the new NYC office.  

Return on investments declined somewhat as the lender’s old Antares partnership winds down. The BDC is now busy ramping its new joint venture with Varagon and sees increasing potential in larger syndicated lending.  

Joseph Wilson joined as a managing director to help the firm expand its distribution capabilities in the syndicated loans area.  

The US lender has hired two retail and consumer products-focused experts in Boston for a new industry vertical.

The American pension fund could hire two or more managers to handle $200 million to $400 million in a US direct lending mandate.  

Antares Capital has shed some positions in its technology, media and telecommunications group to combine TMT coverage with healthcare, while moving under the Canadian pension plan's ownership from General Electric.  

The US pension fund is investing with GSO, Chambers Energy Capital and Apollo Aviation Group, while earmarking another $632m to other private equity and real estate investments.  

The US firm is turning more to credit and energy as its multi-strategy hedge funds see outflows.  

The distressed specialist saw its earnings drop in the third quarter, but is happy to wait for distressed opportunities as it builds up dry powder reserves.