AG Direct Lending SMA

ANGELO AG GORDON Middle Market Direct Lending Team Trevor Clark joined Angelo Gordon in 2014 to establish the firm's middle market direct lending loan business, Twin Brook Capital Partners. He is a Managing Director and a member of the firm's Executive Committee and Partnership Advisory Board. Trevor oversees overall operations of the middle market direct lending business and leads its fundraising efforts. Prior to joining Angelo Gordon, Trevor was a co-founder and C.E.O. of Madison Capital Funding LLC, a wholly owned subsidiary of New York Life Investments where he oversaw all operational and strategic activities of the middle market lending operation. Prior to forming Madison Capital, Trevor held various positions in loan underwriting and origination at Antares Capital, GE Capital, and Bank of America. He holds a B.A. degree from the University of lowa, lowa City and an M.B.A. degree from Indiana University, Bloomington. Prior to joining Betsy Booth joined Angelo Gordon in 2015 and is a Director in the firm's middle market direct lending business, Twin Brook Capital Partners. Angelo Gordon, Betsy was at Ares Management LLC where she underwrote senior debt and unitranche credit facilities supporting private equity backed transactions primarily in the middle market space across a variety of industries. Previously, Betsy was with Madison Capital Funding LLC where she underwrote and managed senior credit facilities supporting middle-market private equity transactions, managing all aspects of the underwriting process including loan structuring, due diligence and financial modeling as well as legal documentation and negotiation. Prior to Madison Capital, Betsy held a number of positions at MB Financial Bank, N.A., including credit analyst, portfolio manager and new business development. Betsy received a B.S. in Finance from the University of Illinois, Urbana-Champaign. Richard Christensen joined Angelo Gordon in 2015 and is a Senior Partner in the firm's middle market direct lending business, Twin Brook Capital Partners. He is a Senior Originator and oversees all Capital Markets activity for the business. Prior to joining Angelo Gordon, Rich had been with Madison Capital Funding LLC, a wholly owned subsidiary of New York Life Investments, since its initial founding in 2001. Rich's primary responsibilities at Madison Capital included client relationship management and new business development, where he focused on originating and structuring transactions with middle market private equity sponsors. Additionally, at Madison Capital, he was part of the organization's specialty Micro Cap Leveraged Finance Group, which executed transactions for private equity sponsors in the Lower Middle Market. Prior to joining Madison Capital, Rich held various positions in loan underwriting and portfolio management at Bank of America's Commercial Finance Group (formerly NationsCredit Commercial Corp.) and First Source Financial, Inc. Rich received a B.S. in Finance from the University of Arkansas and an M.B.A. and an in Accounting from the University of lowa. Jennifer Dzwonchyk joined Angelo Gordon in 2017 and is a Director in the firm's middle market direct lending business, Twin Brook Capital Partners. She is focused on evaluating, underwriting, structuring, and managing senior and unitranche cash flow loans to support private equity backed transactions. Prior to Twin Brook, Jennifer worked as a Private Equity Associate at Frontenac Company. She previously held roles at JPMorgan in investment banking as well as mezzanine lending within Chase Capital, a division of JP Morgan Chase. Jennifer holds a B.A. in Economics from Middlebury College and an M.B.A. from Harvard Business School. Nick Fessler joined Angelo Gordon in 2018 and is a Vice President in the firm's middle market direct lending business, Twin Brook Capital Partners. Prior to joining the firm, Nick was an Assistant Vice President at Antares Capital LP, where his responsibilities included structuring, underwriting and portfolio management of private equity sponsored transaction across a variety of industries. Nick began his career with GE Capital as part of its financial management program (FMP). Nick holds a B.B.A. in Finance from the University of Notre Dame and an M.B.A degree from University of Chicago Booth School of Business. Proprietary and Confidential Trade Secret Page 155 31

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