Experienced Senior Team Overview

How to Differentiate Among Middle Market Lending Managers Relevant Investment Experience Is the investment experience exclusively in the middle markets ▪ Number of transactions reviewed, completed and declined Experience through multiple credit cycles (loss experience) ▪ PM's role in transaction history Experience originating, underwriting and approving credit ■ I Risk Profile of Target Assets Historical operating performance of borrower Seniority in the capital structure (first lien, mezzanine) Covenants in transaction ■ ■ Sourcing I Upper or lower end of the middle market Use of leverage ■ Direct vs indirect origination Sponsor vs non-sponsor Role of manager in the deal (administrative agent, co-lead arranger, co-agent, participant) Size of sourcing universe Annual number of transactions sourced (1) Past performance is no guarantee of future results. Includes period prior to inception of Twin Brook. (2) There can be no assurance AG will be able to source suitable investment opportunities for the fund. AG Page 091 Twin Brook Team Senior Team Members average over 20 years investment experience and have closed over 1,200 transactions during the course of their careers and many have worked together extensively through previous cycles(1) Focus on first lien lending with covenants to lower middle market companies ($25mm and below in EBITDA); provide revolvers on all transactions Sponsor-backed sourcing channel; team has closed transactions with over 225 sponsors during the course of their careers and has screened over 2,500 unique deals from over 500 sponsors since joining AG (²) Proprietary and Confidential Trade Secret 12

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