TPG Specialty Lending will change its name to Sixth Street Specialty Lending, effective June 15. The new name reflects the previously announced completion of an agreement between Sixth Street Partners and TPG to become independent, unaffiliated businesses.
“Our updated name reflects the evolution of the Sixth Street platform, which remains committed to serving the company’s stakeholders with the same dedicated leadership team, investment philosophy and decision-making process as we have since Sixth Street’s inception 11 years ago,” Joshua Easterly, CEO and chairman of the board of Sixth Street Specialty Lending and co-founder of Sixth Street, said. “Sixth Street’s size, scale and flexible capital base positions the company well to continue to be a solutions provider to companies and sponsors in this evolving market environment.”
Sixth Street is a global investment business with approximately $34 billion in assets under management and more than 275 team members, including more than 140 investment professionals globally. Sixth Street is the parent of TPG/Sixth Street Specialty Lending’s adviser, which also recently was renamed from TSL Advisers to Sixth Street Specialty Lending Advisers.
TPG/Sixth Street Specialty Lending’s common stock will continue to trade under the ticker “TSLX” on the New York Stock Exchange. Upon the effectiveness of the name change, the CUSIP number for the company’s common stock will be changed to 83012A109.
TPG/Sixth Street Specialty Lending is a specialty finance company focused on lending to middle-market companies. The company seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities.
