Andrew Hedlund
The deal also includes a new leadership for the advisee.
The alternative lender, headquartered in the Windy City, brings its total committed capital under management to more than $5 billion.
Twin Brook Capital Partners’ Chris Williams told PDI that the firm has closed deals with more than 200 private equity firms.
The Las Vegas-based gaming company is on track to exit Chapter 11 after reaching a consensual restructuring agreement.
.jpg "Panelists discuss BDCs and deal terms at New York Forum")
Private Debt Investor’s annual New York gathering featured lively discussion from a number of private credit luminaries.
The mid-market lender, which does mainly senior debt deals with private equity sponsors, also invests its money alongside its committed capital, the firm’s head of asset management said.
.jpg "Cerberus a creditor in ITT Educational Services bankruptcy")
The New York-based financial firm provided a $100m term loan in December 2014.
The departure of Scott Graves comes while the firm has sidelined record amounts of capital.
The investment firm saw its existing investors who put money into Breakaway’s debut fund increase their commitments for the second fund.
Bill Brady, head of Paul Hastings’ alternative lender practice, explained to PDI that the strengthening of private credit has brought borrowing and inter-creditor terms both up- and down-market.