S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Compare Stocks

Comparative Price Performance Over Time

Compare Stocks - Price & Volume

CompanyCurrent Price50-Day Moving Average52-Week RangeMarket CapBetaAvg. VolumeToday's Volume
Fairfax India Holdings Co. stock logo
FFXDF
Fairfax India
$14.67
-1.2%
$14.63
$12.20
$15.81
$1.99B1.1122,781 shs22,769 shs
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
$14.04
+0.6%
$14.00
$12.14
$14.96
$515.11M1.36173,630 shs111,030 shs
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
$12.55
+0.7%
$12.61
$11.38
$13.23
$1.33B1.13436,701 shs173,702 shs
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
$11.37
+1.1%
$11.29
$9.69
$12.63
$700.43M1.68644,661 shs465,274 shs
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
$20.91
+0.4%
$21.19
$17.31
$22.35
$1.93B1.04408,336 shs498,160 shs
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Price Performance

Company1-Day Performance7-Day Performance30-Day Performance90-Day Performance1-Year Performance
Fairfax India Holdings Co. stock logo
FFXDF
Fairfax India
0.00%-0.40%+1.78%+3.85%+12.40%
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
+0.07%-0.64%+0.43%-3.72%+2.42%
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
+0.32%-1.03%+1.71%-3.04%+5.41%
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
+1.26%-1.23%+0.67%-4.42%+3.31%
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
+0.43%-0.81%+0.34%-4.36%+15.47%

MarketRank™

CompanyOverall ScoreAnalyst's OpinionShort Interest ScoreDividend StrengthESG ScoreNews and Social Media SentimentCompany OwnershipEarnings & Valuation
Fairfax India Holdings Co. stock logo
FFXDF
Fairfax India
N/AN/AN/AN/AN/AN/AN/AN/A
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
0.4418 of 5 stars
0.00.02.50.02.00.01.9
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
1.1306 of 5 stars
1.03.01.70.03.20.81.9
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
0.6141 of 5 stars
1.30.01.70.03.80.01.3
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
2.0368 of 5 stars
1.44.02.50.03.31.71.3

Analyst Ratings

CompanyConsensus Rating ScoreConsensus RatingConsensus Price Target% Upside from Current Price
Fairfax India Holdings Co. stock logo
FFXDF
Fairfax India
N/AN/AN/AN/A
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
3.00
BuyN/AN/A
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
2.00
Hold$12.50-0.40% Downside
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
2.50
Moderate Buy$11.753.39% Upside
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
2.80
Moderate Buy$22.608.08% Upside

Current Analyst Ratings

Latest NMFC, TSLX, FFXDF, PFLT, and GAIN Analyst Ratings

DateCompanyBrokerageActionRatingPrice TargetDetails
3/26/2024
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingMarket Outperform ➝ Market Outperform$12.50
3/26/2024
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingMarket Outperform ➝ Market Outperform$22.50
2/23/2024
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOutperform ➝ Outperform$22.00 ➝ $23.00
2/20/2024
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetBuy ➝ Buy$22.00 ➝ $23.00
1/29/2024
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetEqual Weight ➝ Equal Weight$12.00 ➝ $12.50
1/29/2024
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOverweight ➝ Overweight$21.00 ➝ $22.50
(Data available from 4/19/2021 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Sales & Book Value

CompanyAnnual RevenuePrice/SalesCashflowPrice/CashBook ValuePrice/Book
Fairfax India Holdings Co. stock logo
FFXDF
Fairfax India
$598.86M3.32$3.10 per share4.73$22.74 per share0.65
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
$60.82M8.47$1.17 per share12.03$13.14 per share1.07
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
$374.84M3.56$1.49 per share8.41$13.13 per share0.96
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
$139.34M5.03$1.37 per share8.31$11.13 per share1.02
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
$438.09M4.40$2.18 per share9.59$17.09 per share1.22

Profitability & Earnings

CompanyNet IncomeEPSTrailing P/E RatioForward P/E RatioP/E GrowthNet MarginsReturn on Equity (ROE)Return on Assets (ROA)Next Earnings Date
Fairfax India Holdings Co. stock logo
FFXDF
Fairfax India
$371.77M$2.655.54N/AN/A14.72%11.97%N/A
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
$35.55M$1.997.0613.37N/A80.68%7.79%4.08%5/8/2024 (Estimated)
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
$135.34M$1.2510.048.48N/A36.13%11.93%4.86%5/1/2024 (Confirmed)
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
$39.26M$1.1210.158.95N/A43.40%11.83%5.92%5/8/2024 (Confirmed)
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
$196.40M$2.608.049.25N/A50.69%13.67%6.28%5/1/2024 (Confirmed)

Latest NMFC, TSLX, FFXDF, PFLT, and GAIN Earnings

DateQuarterCompanyConsensus EstimateReported EPSBeat/MissGap EPSRevenue EstimateActual RevenueDetails
5/8/2024N/A
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
$0.33N/A-$0.33N/AN/AN/A  
5/1/2024N/A
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
$0.38N/A-$0.38N/AN/AN/A  
5/1/2024N/A
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
$0.58N/A-$0.58N/AN/AN/A  
2/26/2024Q4 2023
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
$0.39$0.40+$0.01$0.54$94.03 million$92.80 million    
2/16/2024Q4 2023
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
$0.58$0.62+$0.04$0.66$115.18 million$119.50 million    
2/15/2024Q4 2023
Fairfax India Holdings Co. stock logo
FFXDF
Fairfax India
N/A$1.00+$1.00$1.00N/AN/A
2/7/2024Q1 2024
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
$0.31$0.33+$0.02$0.28$35.03 million$37.97 million
2/6/2024Q3 2024
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
$0.27$0.26-$0.01$0.33$24.04 million$23.08 million

Dividends

CompanyAnnual PayoutDividend Yield3-Year Dividend GrowthPayout RatioYears of Consecutive Growth
Fairfax India Holdings Co. stock logo
FFXDF
Fairfax India
N/AN/AN/AN/AN/A
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
$0.966.84%+4.55%48.24%N/A
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
$1.2810.20%+1.06%102.40%N/A
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
$1.2310.82%N/A109.82%1 Years
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
$1.848.80%+3.91%70.77%2 Years

Latest NMFC, TSLX, FFXDF, PFLT, and GAIN Dividends

AnnouncementCompanyPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/15/2024
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
monthly$0.086.9%6/18/20246/19/20246/28/2024
4/9/2024
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
monthly$0.086.9%5/16/20245/17/20245/31/2024
4/2/2024
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
monthly$0.102511%4/12/20244/15/20245/1/2024
4/9/2024
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
Monthly$0.086.8%4/18/20244/19/20244/30/2024
3/4/2024
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
monthly$0.102510.9%3/15/20243/18/20244/1/2024
1/30/2024
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
Quarterly$0.3611.13%3/14/20243/15/20243/29/2024
2/16/2024
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
--$0.088.5%3/14/20243/15/20243/28/2024
2/15/2024
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
Quarterly$0.087.45%3/14/20243/15/20243/28/2024
2/15/2024
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
Quarterly$0.081.47%3/14/20243/15/20243/28/2024
2/2/2024
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
monthly$0.102511%2/14/20242/15/20243/1/2024
(Data available from 1/1/2013 forward)

Debt

CompanyDebt-to-Equity RatioCurrent RatioQuick Ratio
Fairfax India Holdings Co. stock logo
FFXDF
Fairfax India
0.16
0.74
0.74
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
N/A
0.03
0.03
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
1.34
2.92
2.92
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
0.34
0.19
0.19
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
1.19
1.66
1.66

Ownership

Miscellaneous

CompanyEmployeesShares OutstandingFree FloatOptionable
Fairfax India Holdings Co. stock logo
FFXDF
Fairfax India
10135.66 millionN/ANot Optionable
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
N/A36.69 million35.72 millionOptionable
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
N/A106.29 million95.43 millionOptionable
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
N/A61.63 million61.01 millionOptionable
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
N/A92.12 million88.71 millionOptionable

NMFC, TSLX, FFXDF, PFLT, and GAIN Headlines

SourceHeadline
TSLX Makes Notable Cross Below Critical Moving AverageTSLX Makes Notable Cross Below Critical Moving Average
nasdaq.com - April 17 at 11:58 AM
Cerity Partners LLC Grows Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)Cerity Partners LLC Grows Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)
marketbeat.com - April 15 at 5:52 AM
Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stake Increased by Strs OhioSixth Street Specialty Lending, Inc. (NYSE:TSLX) Stake Increased by Strs Ohio
marketbeat.com - April 14 at 6:55 PM
Q2 2024 Earnings Estimate for Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Issued By B. RileyQ2 2024 Earnings Estimate for Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Issued By B. Riley
marketbeat.com - April 5 at 8:21 AM
B. Riley Brokers Cut Earnings Estimates for Sixth Street Specialty Lending, Inc. (NYSE:TSLX)B. Riley Brokers Cut Earnings Estimates for Sixth Street Specialty Lending, Inc. (NYSE:TSLX)
marketbeat.com - April 4 at 8:32 AM
Better Buy For Retiring With Dividends In April 2024: BDCs Or REITsBetter Buy For Retiring With Dividends In April 2024: BDCs Or REITs
seekingalpha.com - April 3 at 8:57 AM
Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Bought by Raymond James Financial Services Advisors Inc.Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Bought by Raymond James Financial Services Advisors Inc.
marketbeat.com - April 1 at 4:31 AM
Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by LGT Capital Partners LTD.Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by LGT Capital Partners LTD.
marketbeat.com - March 29 at 9:43 AM
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its First Quarter Ended March 31, 2024 Financial ResultsSixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its First Quarter Ended March 31, 2024 Financial Results
businesswire.com - March 28 at 4:06 PM
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its First Quarter Ended March 31, 2024 Financial ResultsSixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its First Quarter Ended March 31, 2024 Financial Results
businesswire.com - March 28 at 4:05 PM
Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Fort Washington Investment Advisors Inc. OHSixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Fort Washington Investment Advisors Inc. OH
marketbeat.com - March 27 at 6:32 AM
Sixth Street Specialty Lending (NYSE:TSLX) Stock Rating Reaffirmed by JMP SecuritiesSixth Street Specialty Lending (NYSE:TSLX) Stock Rating Reaffirmed by JMP Securities
marketbeat.com - March 26 at 8:42 AM
Sixth Street Specialty Lending: Still Thriving Despite The HeadwindsSixth Street Specialty Lending: Still Thriving Despite The Headwinds
seekingalpha.com - March 18 at 12:09 AM
TSLX Apr 2024 30.000 callTSLX Apr 2024 30.000 call
finance.yahoo.com - March 16 at 9:00 PM
Sixth Street Leads $1.8B in New Capital to Refinance Maturing Loans for Equinox GroupSixth Street Leads $1.8B in New Capital to Refinance Maturing Loans for Equinox Group
abladvisor.com - March 11 at 1:10 PM
Sixth Street Specialty Lending Prices Offering Of 4 Mln Shares For Gross Proceeds Of About $83.4 MlnSixth Street Specialty Lending Prices Offering Of 4 Mln Shares For Gross Proceeds Of About $83.4 Mln
markets.businessinsider.com - February 29 at 11:42 PM
Sixth Street Specialty Lending, Inc. Prices Public Offering of Common StockSixth Street Specialty Lending, Inc. Prices Public Offering of Common Stock
businesswire.com - February 29 at 7:57 PM
Sixth Street Specialty Lending, Inc. Announces Public Offering of Common StockSixth Street Specialty Lending, Inc. Announces Public Offering of Common Stock
businesswire.com - February 29 at 4:07 PM
3 Stocks Set for Massive Gains if Interest Rates Tumble3 Stocks Set for Massive Gains if Interest Rates Tumble
investorplace.com - February 25 at 7:00 AM
Sixth St (TSLX) Upgraded to Buy: Heres What You Should KnowSixth St (TSLX) Upgraded to Buy: Here's What You Should Know
zacks.com - February 23 at 1:01 PM
Sixth Street Lending Q4: Smooth Sailing For This 10% Yielding BDCSixth Street Lending Q4: Smooth Sailing For This 10% Yielding BDC
seekingalpha.com - February 21 at 10:09 AM
Sixth Street Specialty Lending Inc (TSLX)Sixth Street Specialty Lending Inc (TSLX)
investing.com - February 18 at 7:39 PM
Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Q4 2023 Earnings Call TranscriptSixth Street Specialty Lending, Inc. (NYSE:TSLX) Q4 2023 Earnings Call Transcript
msn.com - February 17 at 1:37 PM
Sixth Street Specialty Lending declares $0.46 dividend; supplemental dividend per share of $0.08Sixth Street Specialty Lending declares $0.46 dividend; supplemental dividend per share of $0.08
msn.com - February 16 at 10:16 AM

New MarketBeat Followers Over Time

Media Sentiment Over Time

Top Headlines

All Headlines

Company Descriptions

Fairfax India logo

Fairfax India

OTCMKTS:FFXDF
Fairfax India Holdings Corporation operates as an investment holding company in India. It invests in public and private equity securities and debt instruments in India and Indian businesses, or other businesses with customers, suppliers, or business primarily conducted and dependent in India. The company was incorporated in 2014 and is headquartered in Toronto, Canada. Fairfax India Holdings Corporation is a subsidiary of Fairfax Financial Holdings Limited.
Gladstone Investment logo

Gladstone Investment

NASDAQ:GAIN
Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. The fund seeks to invest in manufacturing, consumer products and business/consumer services sector. It seeks to invest in small and mid-sized companies based in the United States. The fund prefers to make debt investments between $5 million and $30 million and equity investments between $10 million and $40 million in companies. The fund seeks to invest in companies with revenue between $20 million and $100 million. The fund invests in companies with EBITDA from $3 million to $20 million. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. It also prefers to take majority stake in its portfolio companies. The fund typically holds the investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.
New Mountain Finance logo

New Mountain Finance

NASDAQ:NMFC
New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, engineering and consulting services, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmental and facilities services, office services and supplies, media, distributors, health care services, health care facilities, application software, business services, systems software, federal services, distribution and logistics, interactive home entertainment, telecommunication services, hydroelectric power generation, electric power generation by fossil fuels, electric power generation by nuclear fuels, health care technology, and security and alarm services. The fund seeks to invest in United States of America. It seeks to invest between $10 million and $125 million per transaction. The firm invests through both primary originations and open-market secondary purchases. It invests in companies with EBITDA between $10 million and $200 million. The fund seeks a majority stake in its portfolio companies.
PennantPark Floating Rate Capital logo

PennantPark Floating Rate Capital

NASDAQ:PFLT
PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
Sixth Street Specialty Lending logo

Sixth Street Specialty Lending

NYSE:TSLX
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.