Episode 129: Direct Lending Masterclass with Trevor Clark, Managing Partner at Twin Brook Capital Partners

In this episode of the InsuranceAUM.com Podcast, Stewart Foley talks with Trevor Clark, Managing Partner at Twin Brook Capital Partners, about the evolving landscape of direct lending. Trevor shares his journey into the field, detailing how his background in middle-market lending eventually led to the formation of Twin Brook. Now a leader in lower middle-market lending, Trevor discusses why this niche offers unique opportunities, emphasizing the benefits of focusing on reliable, cash flow-generating companies with private equity backing.

The conversation also delves into the broader trends in private credit, particularly the increasing importance of manager differentiation as the market matures. Trevor explains Twin Brook's strategy of direct origination and conservative credit selection, aiming for long-term, stable returns. For insurance investors, he highlights the advantages of working with a manager who has deep experience, a consistent focus, and a disciplined approach to the asset class, especially in today’s uncertain economic environment.