Sixth Street Specialty Lending

Sixth Street Specialty Lending is a publicly traded business development company externally managed by Sixth Street Specialty Lending Advisers, a subsidiary of Sixth Street Partners. The BDC can co-invest alongside Sixth Street's private funds under SEC exemptive relief, which requires pro rata allocation of deals between the public vehicle and the institutional funds. Sixth Street Partners, the parent platform, manages over $80 billion across credit, growth equity, and real estate strategies.

The firm's investment committee includes senior leadership from both the BDC adviser and the broader Sixth Street platform. Bozhidar Yoshinov serves as President, and Joshua Easterly, a Sixth Street co-founder, chairs the Board of Directors. The committee draws on Sixth Street's 200-plus investment professionals who originate and underwrite deals across the platform's private credit, growth equity, and real estate verticals.

The majority of deal flow comes through the broader Sixth Street Partners origination platform, which generates $30–$40 billion in annual deal volume from sponsor relationships, direct borrower outreach, and intermediary networks. The BDC's investment adviser can selectively allocate suitable middle-market loans to the public vehicle, giving it access to directly originated, sponsor-backed transactions that typically bypass the broadly syndicated loan market.

The portfolio concentrates on senior secured first-lien loans to U.S. middle-market companies backed by private equity sponsors. The firm targets borrowers with $10 million to $250 million in EBITDA and writes checks typically between $15 million and $350 million. There is selective exposure to second-lien and mezzanine positions, but the mandate skews heavily toward floating-rate, first-lien structures for capital preservation.

Technology and healthcare are the two largest sector allocations, consistent with Sixth Street's broader platform emphasis. The portfolio includes enterprise software companies like Aptean, healthcare services platforms, and tech-enabled business service providers. The firm generally avoids commodity-exposed industrials, upstream energy, and consumer discretionary businesses with limited sponsor sponsorship.