# EDGAR Filing Document

**Accession Number:** 0001913721
**File Stem:** 0000860662-23-000007
**Filing Date:** 2023-1
**Character Count:** 28169
**Document Hash:** 4b0ff922c04c603f5e90fe407eaf77dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000860662-23-000007.hdr.sgml**: 20230109

**ACCESSION NUMBER**: 0000860662-23-000007

**CONFORMED SUBMISSION TYPE**: SC 13D

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230109

**DATE AS OF CHANGE**: 20230109

**GROUP MEMBERS**: ADAM SCHWARTZ

**GROUP MEMBERS**: AG GP LLC

**GROUP MEMBERS**: AGTB BDC HOLDINGS GP LLC

**GROUP MEMBERS**: AGTB BDC HOLDINGS, L.P.

**GROUP MEMBERS**: JOSH BAUMGARTEN

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AGTB Private BDC
- **CENTRAL INDEX KEY:** 0001913721
- **IRS NUMBER:** 886102187
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93714
- **FILM NUMBER:** 23518862

**BUSINESS ADDRESS:**
- **STREET 1:** 245 PARK AVENUE, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10167
- **BUSINESS PHONE:** (212) 692-8237

**MAIL ADDRESS:**
- **STREET 1:** 245 PARK AVENUE, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10167
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ANGELO GORDON & CO., L.P.
- **CENTRAL INDEX KEY:** 0000860662
- **IRS NUMBER:** 133478879
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 245 PARK AVENUE
- **STREET 2:** 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10167
- **BUSINESS PHONE:** 212.692.2010

**MAIL ADDRESS:**
- **STREET 1:** 245 PARK AVENUE
- **STREET 2:** 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10167

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ANGELO GORDON & CO LP/NY
- **DATE OF NAME CHANGE:** 19990402

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

**SCHEDULE 13D** 

**(Rule 13d-101)** 

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**(Amendment No. 4)\*** 

**AGTB Private BDC**

**(Name of Issuer)** 

**Common Shares of Beneficial Interest** 

**(Title of Class of Securities)** 

**001253103** 

**(CUSIP NUMBER)** 

**Christopher D. Moore** 

**Angelo, Gordon & Co., L.P.** 

**245 Park Avenue, 26th Floor**

**New York, NY 10167**

**Tel. No.: (212) 692-2000**

***COPIES TO:***

**Rajib Chanda** 

**Steven Grigoriou** 

**Simpson Thacher & Bartlett LLP** 

**900 G Street, N.W.** 

**Washington, DC 20001** 

**(202) 636-5500** 

**(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)** 

**January 1, 2023**

**(Date of event which requires filing of this statement)** 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D/A, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box ☐

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Act"), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

------

CUSIP No. 001253103

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | NAME OF REPORTING PERSONS<br>AGTB BDC Holdings, L.P. | NAME OF REPORTING PERSONS<br>AGTB BDC Holdings, L.P. | NAME OF REPORTING PERSONS<br>AGTB BDC Holdings, L.P. |
| &nbsp;&nbsp; 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp; 3 | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp; 4 | SOURCE OF FUNDS\*<br>WC | SOURCE OF FUNDS\*<br>WC | SOURCE OF FUNDS\*<br>WC |
| &nbsp;&nbsp; 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ |
| &nbsp;&nbsp; 6 | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Cayman Islands | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Cayman Islands | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Cayman Islands |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | SOLE VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | SHARED VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | SOLE DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | 10 | SHARED DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 |
| &nbsp;&nbsp;12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ |
| &nbsp;&nbsp;13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) <br>0% |
| &nbsp;&nbsp;14 | TYPE OF REPORTING PERSON\*<br>PN  | TYPE OF REPORTING PERSON\*<br>PN  | TYPE OF REPORTING PERSON\*<br>PN  |

---

------

 <br> CUSIP No. 001253103

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | NAME OF REPORTING PERSONS<br>AGTB BDC Holdings GP LLC | NAME OF REPORTING PERSONS<br>AGTB BDC Holdings GP LLC | NAME OF REPORTING PERSONS<br>AGTB BDC Holdings GP LLC |
| &nbsp;&nbsp; 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp; 3 | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp; 4 | SOURCE OF FUNDS\*<br>AF | SOURCE OF FUNDS\*<br>AF | SOURCE OF FUNDS\*<br>AF |
| &nbsp;&nbsp; 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ |
| &nbsp;&nbsp; 6 | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | SOLE VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | SHARED VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | SOLE DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | 10 | SHARED DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 |
| &nbsp;&nbsp;12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ |
| &nbsp;&nbsp;13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% |
| &nbsp;&nbsp;14 | TYPE OF REPORTING PERSON\*<br>OO | TYPE OF REPORTING PERSON\*<br>OO | TYPE OF REPORTING PERSON\*<br>OO |

---

------

 <br> CUSIP No. 001253103

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | NAME OF REPORTING PERSONS<br>Angelo, Gordon & Co., L.P. | NAME OF REPORTING PERSONS<br>Angelo, Gordon & Co., L.P. | NAME OF REPORTING PERSONS<br>Angelo, Gordon & Co., L.P. |
| &nbsp;&nbsp; 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp; 3 | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp; 4 | SOURCE OF FUNDS\*<br>AF | SOURCE OF FUNDS\*<br>AF | SOURCE OF FUNDS\*<br>AF |
| &nbsp;&nbsp; 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ |
| &nbsp;&nbsp; 6 | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | SOLE VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | SHARED VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | SOLE DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | 10 | SHARED DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 |
| &nbsp;&nbsp;12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ |
| &nbsp;&nbsp;13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% |
| &nbsp;&nbsp;14 | TYPE OF REPORTING PERSON\*<br>IA, PN | TYPE OF REPORTING PERSON\*<br>IA, PN | TYPE OF REPORTING PERSON\*<br>IA, PN |

---

------

 <br> CUSIP No. 001253103

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | NAME OF REPORTING PERSONS<br>AG GP LLC | NAME OF REPORTING PERSONS<br>AG GP LLC | NAME OF REPORTING PERSONS<br>AG GP LLC |
| &nbsp;&nbsp; 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp; 3 | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp; 4 | SOURCE OF FUNDS\*<br>AF | SOURCE OF FUNDS\*<br>AF | SOURCE OF FUNDS\*<br>AF |
| &nbsp;&nbsp; 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ |
| &nbsp;&nbsp; 6 | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware | CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | SOLE VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | SHARED VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | SOLE DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | 10 | SHARED DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 |
| &nbsp;&nbsp;12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ |
| &nbsp;&nbsp;13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% |
| &nbsp;&nbsp;14 | TYPE OF REPORTING PERSON\*<br>HC, OO | TYPE OF REPORTING PERSON\*<br>HC, OO | TYPE OF REPORTING PERSON\*<br>HC, OO |

---

------

 <br> CUSIP No. 001253103

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | NAME OF REPORTING PERSONS<br>Joshua Baumgarten | NAME OF REPORTING PERSONS<br>Joshua Baumgarten | NAME OF REPORTING PERSONS<br>Joshua Baumgarten |
| &nbsp;&nbsp; 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp; 3 | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp; 4 | SOURCE OF FUNDS\*<br>AF | SOURCE OF FUNDS\*<br>AF | SOURCE OF FUNDS\*<br>AF |
| &nbsp;&nbsp; 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ |
| &nbsp;&nbsp; 6 | CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States of America | CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States of America | CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States of America |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | SOLE VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | SHARED VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | SOLE DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | 10 | SHARED DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 |
| &nbsp;&nbsp;12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ |
| &nbsp;&nbsp;13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% |
| &nbsp;&nbsp;14 | TYPE OF REPORTING PERSON\*<br>IN, HC | TYPE OF REPORTING PERSON\*<br>IN, HC | TYPE OF REPORTING PERSON\*<br>IN, HC |

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 <br> CUSIP No. 001253103

&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | NAME OF REPORTING PERSONS<br>Adam Schwartz | NAME OF REPORTING PERSONS<br>Adam Schwartz | NAME OF REPORTING PERSONS<br>Adam Schwartz |
| &nbsp;&nbsp; 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp; 3 | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; | SEC USE ONLY<br>&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp; 4 | SOURCE OF FUNDS\*<br>AF | SOURCE OF FUNDS\*<br>AF | SOURCE OF FUNDS\*<br>AF |
| &nbsp;&nbsp; 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)<br>☐ |
| &nbsp;&nbsp; 6 | CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States of America | CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States of America | CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States of America |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | SOLE VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | SHARED VOTING POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | SOLE DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | &nbsp;&nbsp;NUMBER OF<br>SHARES<br> BENEFICIALLY <br>OWNED BY<br>EACH<br>REPORTING<br>PERSON<br>WITH | 10 | SHARED DISPOSITIVE POWER<br>0 |
| &nbsp;&nbsp;11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>0 |
| &nbsp;&nbsp;12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES\*<br>☐ |
| &nbsp;&nbsp;13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>0% |
| &nbsp;&nbsp;14 | TYPE OF REPORTING PERSON\*<br>IN, HC | TYPE OF REPORTING PERSON\*<br>IN, HC | TYPE OF REPORTING PERSON\*<br>IN, HC |

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**<u>AMENDMENT NO. 4 TO SCHEDULE 13D</u>**

This Amendment No. 4 ("Amendment No. 4") to the statement on Schedule 13D amends and supplements the initial statement on Schedule 13D filed on August 22, 2022, Amendment No. 1 ("Amendment No. 1") to the statement filed on September 2, 2022, Amendment No. 2 ("Amendment No. 2") to the statement filed on October 18, 2022, and Amendment No. 3 ("Amendment No. 3") to the statement filed on October 26, 2022, (as amended, the "Schedule 13D") by the following Reporting Persons: (i) Angelo, Gordon & Co., L.P., a Delaware limited partnership ("Angelo Gordon"), (ii) AG GP LLC, a Delaware limited liability company ("AG GP"), (iii) AGTB BDC Holdings, L.P., a Cayman Islands exempted limited partnership ("BDC Holdings"), (iv) AGTB BDC Holdings GP LLC ("BDC Holdings GP"), (v) Joshua Baumgarten and (vi) Adam Schwartz, relating to the common shares of beneficial interest ("Common Shares") of AGTB Private BDC (the "Issuer"), a statutory trust formed under the laws of the State of Delaware. The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. As set forth below, as a result of the transactions described herein, on January 1, 2023, the Reporting Persons ceased to be the beneficial owners of more than five percent of the Issuer's securities. The filing of this Amendment No. 4 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons.

All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.

**Item 4. Purpose of Transaction.**

Item 4 of the Schedule 13D is hereby amended by inserting the following information at the end of Item 4:

On January 1, 2023, Issuer completed its merger (the "Merger") with AG Twin Brook Capital Income Fund, a Delaware statutory trust ("TCAP"), with TCAP continuing as the surviving company. The Merger was completed pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 30, 2022, by and between TCAP and Issuer. Prior to the Merger closing, Issuer was an affiliated, privately-offered business development company ("BDC") managed by AGTB Fund Manager, LLC, an affiliate of Angelo Gordon. TCAP is a public, non-exchange traded BDC, with the same investment manager and investment objectives as Issuer.

At the effective time of the Merger, each Common Share (other than certain excluded shares) outstanding immediately prior to the effective time was converted into Class I common shares of beneficial interest, par value $0.001 per share, of TCAP on a one-for-one basis.

**Item 5. Interest in Securities of the Issuer** 

Item 5 of the Schedule 13D is hereby amended and restated as follows:

The information set forth in the cover pages of this Schedule 13D is hereby incorporated by reference into this Item 5.

(a) - (b) As a result of the consummation of the Merger, the Reporting Persons no longer beneficially own any securities of the Issuer nor have sole or shared power to vote, direct the vote, dispose or direct the disposition with respect to any securities of the Issuer, and the filing of this Amendment No. 4 represents the final amendment to Schedule 13D and constitutes an "exit" filing for each Reporting Person.

(c) Except as otherwise reported herein none of the Reporting Persons has engaged in any transaction in any Common Shares in the past 60 days.

(d) Not Applicable.

(e) As of January 1, 2023, the Reporting Persons ceased to beneficially own more than 5% of the Issuer's outstanding Common Shares.

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**Signature** 

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: January 9, 2023

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| | |
|:---|:---|
| AGTB BDC HOLDINGS, L.P. | AGTB BDC HOLDINGS, L.P. |
| By: | AGTB BDC Holdings GP LLC, Its General Partner |
| By: | Angelo, Gordon & Co., L.P., Its Sole Member |
| By: | AG GP LLC |
|  | Its General Partner |
| By: | Joshua Baumgarten |
|  | Its Co-Managing Member |
| By: | /s/ Christopher D. Moore |
|  | Christopher D. Moore |
|  | Attorney-in-Fact |
| AGTB BDC HOLDINGS GP LLC | AGTB BDC HOLDINGS GP LLC |
| By: | Angelo, Gordon & Co., L.P., Its Sole Member |
| By: | AG GP LLC |
|  | Its General Partner |
| By: | Joshua Baumgarten |
|  | Its Co-Managing Member |
| By: | /s/ Christopher D. Moore |
|  | Christopher D. Moore |
|  | Attorney-in-Fact |
| ANGELO, GORDON & CO., L.P. | ANGELO, GORDON & CO., L.P. |
| By: | AG GP LLC |
|  | Its General Partner |
| By: | Joshua Baumgarten |
|  | Its Co-Managing Member |
| By: | /s/ Christopher D. Moore |
|  | Christopher D. Moore |
|  | Attorney-in-Fact |
| AG GP LLC | AG GP LLC |
| By: | Joshua Baumgarten |
|  | Its Co-Managing Member |
| By: | /s/ Christopher D. Moore |
|  | Christopher D. Moore |
|  | Attorney-in-Fact |

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| | |
|:---|:---|
| JOSHUA BAUMGARTEN | JOSHUA BAUMGARTEN |
| By: | /s/ Christopher D. Moore |
|  | Christopher D. Moore |
|  | Attorney-in-Fact |
| ADAM SCHWARTZ | ADAM SCHWARTZ |
| By: | /s/ Christopher D. Moore |
|  | Christopher D. Moore |
|  | Attorney-in-Fact |

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