TPG's (TPG) middle-market direct lending platform TPG Twin Brook Capital Partners closed a $3 billion continuation vehicle led by Coller Capital, the companies said Tuesday.

The vehicle, set up to acquire a portfolio of senior secured loans from its 2016 and 2018 funds, will hold a diversified pool of floating-rate, sponsor-backed loans and provide liquidity to existing investors while allowing new investors to participate, according to the statement.

TPG Twin Brook Capital Partners will continue managing the loans with long-term capital support, the companies said.