Sixth Street closed its second fund dedicated to direct lending for middle market and growth companies across Europe. Sixth Street Specialty Lending Europe II (SLE II) reached its hard cap with €1 billion ($1.23 billion) in equity commitments.
Neiman Marcus emerged from voluntary Chapter 11 protection. The company’s new owners, including PIMCO, Davidson Kempner Capital Management and Sixth Street, are funding a $750 million exit financing package.
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.