Daily News: March 24, 2014

Reuters: TPG Specialty Lending Shares Rise 3% in Debut

Reuters reported that shares of TPG Specialty Lending, the business development company of private-equity firm TPG Capital, rose about 3% in their debut, valuing the company at about $852 million.

According to Reuters , TPG Specialty Lending raised about $112 million after its IPO of 7 million shares was priced at $16 per share, the low end of the expected range.

Reuters said further TSL is led by Joshua Easterly, former MD at Goldman Sachs Group, and Michael Fishman, former EVP and national director of loan originations for Wells Fargo Capital Finance.

To read the entire Reuters article, click here.

Previously on abfjournal: TPG Specialty Lending Plans IPO, March 14, 2014