TPG sells its stake in Sixth Street for more than $1B, ending long partnership [Seeking Alpha]
Sixth Street Specialty Lending, Inc. (TSLX)
Last sixth street specialty lending, inc. earnings: 2/19 04:05 pm
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tpgspecialtylending.com
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Source: Seeking Alpha
The deal was negotiated after TPG ( TPG ) acquired Angelo Gordon, a business that directly competed with Sixth Street's lending business, Semafor said on Tuesday, citing people familiar with the matter. The transaction valued Sixth Street at ~$10B. The buyback by Sixth Street allows the firm to venture into corporate buyouts and sports investing, while TPG ( TPG ) can build up its own lending business, which trails competitors like Apollo Global Management ( APO ) and Blackstone ( BX The Sixth Street stake was held by TPG's ( TPG ) partners and wasn't part of its 2022 initial public offering. Sixth Street raised the cash for the buyback from outside sources, but none were strategic investors similar to TPG, Semafor said TPG ( TPG ) stock dropped 1.7% in Tuesday midday trading. Shares in Sixth Street Specialty Lending ( NYSE: TSLX ), a business development company associated with Sixth Street, edged down 0.1% Recommended For You More Trending News Recommended For You M
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TSLX
News
- Sixth Street Specialty Lending: A 10% BDC Yield For A Recession [Seeking Alpha]Seeking Alpha
- Sixth Street Specialty Lending, Inc. (NYSE: TSLX) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $23.00 price target on the stock.MarketBeat
- Sixth Street Specialty Lending: Defensive BDC To Buy When Volatility Hits [Seeking Alpha]Seeking Alpha
- Sixth Street Specialty Lending, Inc. (TSLX) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Sixth Street Specialty Lending, Inc. Reports Second Quarter 2024 Earnings Results; Declares a Third Quarter Base Dividend Per Share of $0.46, and a Second Quarter Supplemental Dividend Per Share of $0.06 [Yahoo! Finance]Yahoo! Finance
TSLX
Earnings
- 7/31/24 - Beat
TSLX
Sec Filings
- 8/9/24 - Form 4
- 8/7/24 - Form 4
- 7/31/24 - Form 8-K
- TSLX's page on the SEC website