ANGELO GORDON & CO., L.P. 4

What Happened

• TPG GP A, LLC (reported as a 10% owner) purchased 3,966,554.017 common shares of TPG Twin Brook Capital Income Fund on 2026-06-29 at $25.21 per share, for a total transaction value of $100,000,000. The filing reports the acquisition (transaction code P — purchase; open market or private purchase).

Key Details

• Transaction date and price: 2026-06-29 @ $25.21 per share.
• Shares acquired: 3,966,554.017; total value: $100,000,000.
• Shares owned after transaction: not specified in the excerpted details of this filing.
• Filing date: Form 4 filed 2026-07-01 (filed within two days of the transaction — appears timely).
• Signature/authorization: Gerald Neugebauer signed on behalf of James G. Coulter and Jon Winkelried per previously filed authorization letters.
• Important footnotes: (1) TPG GP A is controlled by entities tied to James Coulter and Jon Winkelried and is reported together with AG GP/Angelo Gordon as the “Reporting Persons”; (2) Angelo Gordon and related BDC entities directly hold additional common shares of the issuer; (3) the Reporting Persons state they may be deemed to beneficially own reported shares only to the extent of their pecuniary interests and expressly disclaim broader beneficial ownership; (4) this is an institutional/affiliate filing, not an individual executive’s trade.

Context

• This is a large institutional acquisition by an entity affiliated with TPG principals and Angelo Gordon. The filing reflects an acquisition (purchase) rather than a sale; it does not state motivations. As a 10% owner/institutional reporting person, the filing includes standard disclaimers about beneficial ownership being limited to pecuniary interests.