Garrett Ryan

Garrett Ryan is a Partner and Head of Capital Markets at Twin Brook Capital Partners — now branded TPG Twin Brook Capital Partners following TPG's acquisition of Angelo Gordon (Twin Brook's former parent) in 2023. He joined the firm in March 2017 and is responsible for all capital-markets activities, including originating, structuring, and overseeing the execution of middle-market leveraged transactions. He is based at the firm's Chicago headquarters (111 South Wacker Drive).

Before Twin Brook, Ryan spent nearly a decade at Fifth Third Bank as a Managing Director in Debt Capital Markets, where he structured and originated financings for the bank's clients. Earlier in his career he was a Director in Capital Markets at CapitalSource LLC, structuring and distributing debt products for private-equity firms in leveraged buyouts, recapitalizations, and refinancings; a Director of Loan Syndications at LaSalle Bank (a roughly decade-long tenure); and a corporate-banking Loan Officer at Allied Irish Bank. His career has been spent almost entirely in middle-market leveraged and syndicated lending. He is reported to have studied at Northwestern University's Kellogg School of Management.

Twin Brook itself is TPG Angelo Gordon's middle-market direct-lending business, founded and led by a team — including Managing Partner Trevor Clark, who previously co-founded and ran Madison Capital Funding — that has worked exclusively in the middle market for more than 20 years. The firm focuses on cash-flow-based financing solutions for the middle-market private-equity community, emphasizing the relationship-driven nature of the lower middle market.

Important note on the stub data: The provided stub labeled Garrett Ryan as an "Angel Investor" writing "Seed Round" checks. This does not match verifiable sources. He is a private-credit executive at a middle-market direct lender; his work is debt financing for PE-backed buyouts, not seed-stage equity angel investing. The profile above reflects the verified reality.

• Provides debt (and selective equity co-investment) to private-equity-sponsored middle-market companies, not founder-led early-stage startups.
• Full capital structure across revolvers, senior/first-lien loans, unitranche loans, mezzanine financing, and equity co-investment.
• Targets profitable U.S. companies, generally $3–$50 million of EBITDA, in industrials, business services, healthcare, distribution, financial/insurance services, aerospace/defense, and software/tech-enabled services.
• Emphasizes the relationship-based nature of the lower middle market, where being a reliable, incumbent lender leads to repeat and follow-on financings. Ryan has publicly discussed how agenting a transaction for a portfolio company often positions Twin Brook as the sponsor's first call for follow-on deals.
• As Head of Capital Markets, his lens is structuring and syndication/execution of leveraged transactions — LBOs, add-ons, recaps, refinancings, and change-of-control deals — rather than picking venture bets.