Ag Twin Brook Manager, LLC

AG Twin Brook Manager, LLC is a registered investment adviser founded in 2019 and is a wholly owned subsidiary of Angelo, Gordon & Co., L.P. As of December 31, 2022, the firm managed approximately $297 million on a discretionary basis. Twin Brook primarily acts as the investment adviser to a privately offered business development company, AG Twin Brook BDC, Inc., focusing on middle market direct lending opportunities. The firm's investment philosophy combines fundamental research with a diversification strategy to seek reduced downside risk. Twin Brook's investment committee, comprised of experienced professionals, approves investments. The firm has entered into a Resource Sharing Agreement with Angelo Gordon to leverage its resources and expertise. Twin Brook receives a base management fee and an incentive fee for its advisory services. The firm's fee structure is detailed, and clients are generally responsible for additional costs and expenses. Twin Brook has investment discretion over client accounts, with full authority to select securities based on the clients' objectives and guidelines. The firm's brokerage practices aim to achieve best execution for clients, considering various factors beyond transaction costs. Twin Brook has no disciplinary information and maintains custody of client assets in compliance with regulatory requirements. The firm's proxy voting policies and procedures are disclosed to clients, and Twin Brook's financial condition is sound, with no impairments affecting its ability to meet commitments.