Investment Strategy

TPG Specialty Lending, Inc. (NYSE: TSLX) is a specialty finance company focused on providing flexible, fully committed financing solutions to middle market companies principally located in the US. We partner with companies across a variety of industries and excel at providing creative solutions to companies with complex business models that may have limited access to capital.

Investment Focus

Investment Type

Senior Secured Loans

First Lien

Second Lien

Unitranche

Mezzanine Debt
Non-control Structured Equity
Common Equity

Focus on Coinvestment

Investment Size

Company Size

$50MM-$1B+ Enterprise Value

EBTDA

$10-250MM

Transaction Size

$15-$350MM

Capital Use

Senior Secured Loans

Organic Growth

Acquisitions

Market or Product Expansion

Restructuring Initiatives

Recapitalizations

Refinancing

Select Industries

Business Services

Software & Technology

Healthcare

Energy

Consumer & Retail

Manufacturing

Industrials

Royalty Related Businesses

Education

Specialty Finance

Deep and Experienced Capital Provider

The collective insights of our seasoned investment team enable us to provide a diversity of capital structure solutions tailored to the unique needs of our partners. This expertise is complemented by our connectivity with the significant investment and operating resources of the TPG platform, a leading private investment firm. We have elected to be regulated as a business development company, or a BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. TSLX is managed by TSL Advisers, LLC (the “Adviser”) an SEC-registered investment adviser. The Adviser sources and manages TSLX’s portfolio through a team of investment professionals with significant expertise in middle market lending.

Leveraging Collective Expertise

We seek to invest in market leading businesses with defensible positions within their respective value chain. We offer differentiated insights by focusing on identifying intrinsic value irrespective of market sentiment, cash flow profile, or hard asset value. Our investments span the entire spectrum of the capital structure and a variety of industries. We have first class industry insights given the significant collective experience of our investment professionals and the unique perspectives of TPG’s sector coverage. We partner and align our interests with experienced management teams and reputable institutional investment sponsors.

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