TPG Specialty Lending, Inc

TSLXCIK 0001508655

TPG Specialty Lending, Inc. is a publicly traded business development company. With $3.4 billion in total assets, it is a mid-sized fund in the coverage universe. The portfolio is concentrated in direct lending, with 99% in first-lien senior secured loans and 94% floating-rate, at a weighted-average spread of 648 bps over the base rate.

NAV/Share

$17.16

AUM

$3.4B

Positions

216

Strategy

Private Credit

Wtd. Avg. Coupon

10.1%

Wtd. Avg. Spread

6 bps

Wtd. Avg. Maturity

3.9 yrs

93% coverage

Top 10 Concentration

20.6%

Instrument type

Share of portfolio fair value

First Lien

92%

of fair value

First Lien Senior Loans92.5%

Second Lien Loans0.9%

Structured Credit2.1%

Equity3.9%

Other0.6%

Industry exposure

Share of holdings fair value

Top 5

100%

of holdings

Information Technology3.7%

Industrials2.1%

Health Care1.9%

Consumer Discretionary0.5%

Financials0.1%

Unknown91.8%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.

Risk & Credit Indicators

PIK in Terms

12.9%