Private company

Silver Point Specialty Lending Fund

Private equity fund that raised $648.2 million in 2025 (SEC Form D)2

In its 2026 annual report the company says: “Silver Point Specialty Lending Fund is a specialty finance company focused on investing in senior secured loans to private U.S. middle market companies. Our investment objective is to achieve stable income generation with attractive risk-adjusted returns by investing primarily in U.S. middle market lending opportunities, and specialty asset based financings.”4 It is headquartered in Dover, United States.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersDover, United States2
  • Incorporated inMD3
  • Business address2 Greenwich Plaza, First Floor, Greenwich, Ct 068303
  • Filer category, Emerging growth company3
  • Legal formOther2
  • Kind of organizationPrivate equity fund2
  • LEI5493005FPD4VHNOYPR712
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O COGENCY GLOBAL INC., 21093 Lutherville, United States2
  • Registered withSecurities and Exchange Commission, 00016466142

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Silver Point Specialty Lending Fund (the "Fund" or the "Company") is a specialty finance company focused on investing in senior secured loans to private U.S. middle market companies. Our investment objective is to achieve stable income generation with attractive risk-adjusted returns by investing primarily in U.S. middle market lending opportunities, and specialty asset based financings. We define “middle market companies” to generally mean companies with earnings before interest expense, income tax expense, depreciation and amortization (“EBITDA”) between $50 million and $200 million annually and/or enterprise value between $150 million and $2 billion at the time of investment. As of December 31, 2025, the portfolio median EBITDA for our portfolio companies was $116.6 million. We may also, from time to time, invest in larger or smaller companies. In seeking to achieve our investment obj…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income567$38.6M in 2025−47% since 2021
0$20.0M$40.0M$60.0M$80.0M2021: $72.7M$72.7M20212022: $13.2M$13.2M2022−82%2023: $59.6M$59.6M2023+353%2024: $56.2M$56.2M2024−6%2025: $38.6M$38.6M2025−31%
Fiscal year202120222023202420252026
Operating expenses$31.7M5$42.9M6$51.2M7$55.7M7$51.1M7
Net income$72.7M5$13.2M6$59.6M7$56.2M7$38.6M7
Earnings per share$1.975$0.366$3.237$3.047$2.027
Earnings per share (diluted)$1.975$0.366$3.237$3.047$2.027
Shares (weighted, basic)18.5M shares718.5M shares718.5M shares718.5M shares719.1M shares7
Shares (weighted, diluted)36.9M shares536.9M shares618.5M shares718.5M shares719.1M shares7

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Corporate structure

Silver Point Specialty Lending Fund sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Silver Point Specialty Lending Fund

  • UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO Filed SCHEDULE 13G on Silver Point Specialty Lending Fund, latest May 14, 2026 (3 filings since Feb 14, 2024)
  • County &. District Retirement System Texas Filed SCHEDULE 13G/A on Silver Point Specialty Lending Fund, latest Feb 13, 2026 (4 filings since Jun 5, 2023)
  • Delta Master Trust Filed SCHEDULE 13G/A on Silver Point Specialty Lending Fund, latest Feb 13, 2026 (3 filings since May 7, 2025)
  • Unified Global Alternatives, a distinct business unit of UBS Asset Management (Americas) LLC Filed SCHEDULE 13G/A on Silver Point Specialty Lending Fund, latest Feb 12, 2026 (3 filings since May 7, 2025)
  • Cliffwater LLC Filed SCHEDULE 13G/A on Silver Point Specialty Lending Fund, latest Jun 6, 2025 (3 filings since Feb 10, 2023)
  • Silver Point Specialty Lending Fund Dover, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Silver Point Specialty Lending Fund reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$14.0M7 Dec 31, 2025$50.8M7 Dec 31, 2024−72.4%

Properties, in its own words

The Fund does not own any real estate or other physical properties materially important to our operations. Our principal executive office is located at Two Greenwich Plaza, Suite 1, Greenwich, Connecticut 06830.

Item 2 of the 10-K filed Mar 18, 2026.4

Leadership

Who has led Silver Point Specialty Lending Fund, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Edward A. Mule2023–now

Chair

  1. Edward A. Mule2023–now

President

  1. Anthony Joseph Dinello2023–now

Chief financial officer

  1. Jesse Dorigo2023
2025
Board members and other officers (1)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • TrusteeKristen E. Clark named May 14, 202614
  • TrusteeLaurence M. Austin named May 14, 202614
  • TrusteePaul E. Shang named May 14, 202614
  • TrusteeSteven E. Brown named May 14, 202614

Former names

  • Silver Point Specialty Credit Fund, L.P.Jul 14, 2015 to Jan 20, 20223

Timeline

  1. Oct 15, 20268-K Entered a material agreement; Ended a material agreement15
  2. Sep 25, 20268-K Other events16
  3. Aug 25, 20268-K Other events17
  4. Jul 28, 20268-K Other events18
  5. Jun 25, 20268-K Unregistered sale of shares; Other events19
  6. May 28, 20268-K Unregistered sale of shares; Other events20
  7. Apr 29, 20268-K Unregistered sale of shares; Other events21
  8. Mar 30, 20268-K Unregistered sale of shares; Other events22
  9. Mar 25, 20268-K Change of auditor23
  10. Feb 27, 20268-K Unregistered sale of shares; Other events24
  11. Jan 30, 20268-K Unregistered sale of shares; Other events25
  12. Jan 2, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events26
  13. Jun 2, 2023New chief executive Edward A. Mule becomes CEO10
  14. Nov 12, 2021Founded Silver Point Specialty Lending Fund is founded2

Filings

98 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 24 major events, 20 insider forms, 16 large holders, 2 private raises, 23 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Sep 25, 20268-K EDGAR
  3. Aug 25, 20268-K EDGAR
  4. Aug 6, 202610-Q EDGAR
  5. Jul 28, 20268-K EDGAR
  6. Jun 25, 20268-K EDGAR
  7. May 29, 20264 PRIMARY DOCUMENT EDGAR
  8. May 28, 20268-K EDGAR
  9. May 14, 2026SCHEDULE 13G EDGAR
  10. May 14, 2026D/A EDGAR
  11. May 12, 202610-Q EDGAR
  12. May 6, 202640-17G EDGAR
  13. Apr 30, 20264 PRIMARY DOCUMENT EDGAR
  14. Apr 29, 20268-K EDGAR
  15. Apr 1, 20264 PRIMARY DOCUMENT EDGAR
  16. Mar 30, 20268-K EDGAR
  17. Mar 27, 2026CORRESP EDGAR
  18. Mar 25, 20268-K EDGAR
  19. Mar 18, 202610-K EDGAR
  20. Mar 2, 20264 PRIMARY DOCUMENT EDGAR

The 98 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 9 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 1, 2026UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO10% ownerBuy47,481$27.36$1.3MForm 4
Apr 1, 2026UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO10% ownerBuy86,675$27.47$2.4MForm 4
Mar 2, 2026UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO10% ownerBuy170,984$27.85$4.8MForm 4
Feb 2, 2026UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO10% ownerBuy245,231$27.93$6.8MForm 4
Jan 2, 2026UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO10% ownerBuy347,237$27.96$9.7MForm 4
Dec 1, 2025UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO10% ownerBuy609,116$14.12$8.6MForm 4
Nov 1, 2025UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO10% ownerBuy622,252$14.18$8.8MForm 4
Oct 1, 2025UNIVERSITY OF TEXAS/TEXAS AM INVESTMENT MANAGEMENT CO10% ownerBuy534,634$14.17$7.6MForm 4
May 22, 2025DiNello Anthony JosephPresidentSale13,469$14.24$191.8KForm 4
May 22, 2025MULE EDWARD AChairman and CEOBuy1,298,060$14.24$18.5MForm 4
May 22, 2025MULE EDWARD AChairman and CEOSale3,964,539$14.24$56.5MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 30, 2025Raised $648.2 million in a private offering of securities Form D: 543 investors so far Form D

SEC filer profile

How Silver Point Specialty Lending Fund is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSilver Point Specialty Lending Fund1
  • CIK0001646614
  • Employer ID (EIN)47-15775854
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsDecember 311
  • Business address2 Greenwich Plaza, First Floor, Greenwich, CT 068301
  • Phone203-542-41001
  • Shares outstanding23,562,024 as of Aug 6, 20269
  • Public float$0 as of Jun 30, 20257
  • AuditorPricewaterhouseCoopers LLP, New York, New York PCAOB ID 238; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJul 14, 20151
  • Filings120 in all: 8-K (24), 40-APP/A (15), 10-Q (10), 3 (10), 4 (10), SCHEDULE 13G/A (6), 40-17G (5), CORRESP (5)1
    All 25 form types

    SCHEDULE 13G (5), 40-APP (4), 10-K (3), D/A (3), SC 13G (3), 10-12G/A (2), APP NTC (2), APP ORDR (2), D (2), SC 13G/A (2), 10-12G (1), 8-A12B (1), DEF 14A (1), N-54A (1), N-6F (1), N-6F/A (1), PRE 14A (1)

  • Latest filingsAnnual report (10-K) Mar 18, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 4, 2025
    Latest 8-K (8-K) Oct 15, 2026

Risk factors and legal proceedings

The risks Silver Point Specialty Lending Fund names in Item 1A of its 10-K filed Mar 18, 2026: 76 risks under these headings, as written.4

  • Risks Related to Current Market Conditions
  • We are subject to risks associated with general economic and market conditions.
  • We are subject to risks related to inflation.
  • Market disruptions and other geopolitical or macroeconomic events could create market volatility that negatively impacts our business, financial condition and earnings.
  • Risks Relating to Our Business and Structure
  • Capital markets may experience periods of disruption and instability. Such market conditions may materially and adversely affect debt and equity capital markets in the United States and abroad, which may have a negative impact on our business and operations.
  • Our operation as a BDC imposes numerous constraints on us and significantly reduces our operating flexibility. In addition, if we fail to maintain our status as a BDC, we might be regulated as a registered investment company, which would subject us to additional regulatory restrictions.
  • We are dependent upon management personnel of our Adviser for our future success.
  • Our business model depends upon the development and maintenance of strong referral relationships with other asset managers and investment banking firms.
  • Silver Point, its principals, investment professionals and employees and the members of its investment committee have certain conflicts of interest because they manage other investment vehicles and accounts to which they have obligations and duties that may not be in our best interests.
  • Our financial condition and results of operations depend on our ability to manage future growth effectively.
  • Our ability to grow depends on our ability to raise additional capital.
The other 66 risks
  • Regulations governing our operation as a BDC affect our ability to, and the way in which we, raise additional capital.
  • We may use leverage, which may magnify the potential for gain or loss and may increase the risk of investing in us.
  • We may borrow money through credit facilities or other borrowing arrangements, which may magnify the potential for gain or loss and may increase the risk of investing in us.
  • A majority of our assets are subject to security interests under our borrowings and if we default on our obligations, we may suffer adverse consequences, including the lenders foreclosing on our assets.
  • Any inability to renew, extend, replace or refinance the Fund's debt arrangements prior to their respective maturities could have a material adverse effect on our liquidity, results of operations, financial position and our ability to maintain distributions to our Shareholders.
  • In addition to regulatory restrictions that restrict our ability to raise capital, the Fund's debt arrangements contain various covenants which, if not complied with, could accelerate repayment, thereby materially and adversely affecting our liquidity, financial condition and results of operations.
  • We may default under our future credit facilities.
  • We operate in a highly competitive market for investment opportunities.
  • Our Adviser will be paid a Management Fee even if the value of your investment declines and our Adviser’s incentive fees may create incentives for the portfolio management team to make certain kinds of investments.
  • Beneficial owners of our equity securities may be subject to certain regulatory requirements based on their ownership percentages.
  • As a regulated BDC we are subject to regulatory risks.
  • If we fail to comply with Section 404 of the Sarbanes-Oxley Act, we may not be able to accurately report our financial results or prevent fraud which may adversely affect us.
  • Our Board of Trustees may change our investment objective, operating policies and strategies without prior notice or shareholder approval.
  • Changes in legal, tax and regulatory regimes could negatively impact our business, financial condition and earnings.
  • Changes to U.S. tariff and import/export regulations may have a negative effect on our portfolio companies and, in turn, harm us.
  • Our Adviser can resign on 60 days’ notice. We may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • Our Adviser’s responsibilities and its liability to us are limited under the Advisory Agreement, which may lead our Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • Our ability to enter into transactions with our affiliates is restricted.
  • Material non-public information may restrict our ability to make some investments.
  • The Fund’s anti-takeover provisions may inhibit a change of control in circumstances that could give the holders of common shares the opportunity to realize a premium over the value of common shares.
  • Certain investors are limited in their ability to make significant investments in us.
  • We may experience fluctuations in our quarterly results.
  • There is a risk that Shareholders may not receive distributions or that our distributions may decrease over time.
  • We are exposed to risks associated with changes in interest rates.
  • Commodity Futures Trading Commission rulemaking may have a negative impact on us and our Adviser.
  • New market structure requirements applicable to derivatives could significantly increase the costs of utilizing OTC derivatives.
  • Proposed position aggregation requirements may restrict the swap positions that our Adviser may enter into.
  • We may be required to dispose of investments at an inopportune time if a Liquidity Event does not occur prior to the end of the Investment Period.
  • We are dependent on information systems, and systems failures could significantly disrupt our business, which may, in turn, negatively affect our liquidity, financial condition or results of operations.
  • Cybersecurity risks and cyber incidents may adversely affect our business by causing a disruption to our operations, a compromise or corruption of our confidential information and/or damage to our business relationships, all of which could negatively impact our business, financial condition and operating results.
  • We are subject to risks associated with artificial intelligence and machine learning technology.
  • Terrorist attacks, acts of war, or natural disasters may impact the businesses in which we invest, and harm our business, operating results, and financial conditions.
  • We are subject to risks related to our management of ESG activities.
  • Risks Relating to Our Investments
  • Our investments are speculative and involve significant risk.
  • Our portfolio companies may incur debt or issue equity securities that rank equally with, or senior to, our investments in such companies.
  • Investing in middle market companies involves a number of significant risks.
  • Our investments in sub-investment grade (also known as “junk” securities) and non-rated securities are speculative.
  • We may invest in U.S. government issued or guaranteed securities that involve special risks.
  • Investing in real estate related investments involves a number of significant risks.
  • Certain loan investments may be subject to the risks inherent in the ownership of real property to the extent that real property may be underlying collateral for such investments.
  • Our Adviser and our sourcing channels may not present us with a sufficient volume of investments.
  • Our due diligence investigation may not reveal or highlight all relevant facts that may be necessary or helpful in evaluating an investment opportunity.
  • Our portfolio securities may not have a readily available market price and, in such a case, we will value these securities at fair value as determined in good faith under procedures adopted for the Fund, which valuation is inherently subjective and may not reflect what we may actually realize for the sale of the investment.
  • The lack of liquidity in our investments may adversely affect our business.
  • Our portfolio may be focused in a limited number of portfolio companies, which will subject us to a risk of significant loss if any of these companies default on their obligations under any of their debt instruments or if there is a downturn in a particular industry.
  • We may not be in a position to exercise control over our portfolio companies or to prevent decisions by management of our portfolio companies that could decrease the value of our investments.
  • Securitization of our assets subjects us to various risks.
  • The application of the risk retention rules under Section 941 of the Dodd-Frank Act to CLOs may have broader effects on the CLO and loan markets in general, potentially resulting in fewer or less desirable investment opportunities for us.
  • Our failure to make follow-on investments in our portfolio companies could impair the value of our portfolio.
  • Our portfolio companies may prepay loans, which may reduce stated yields in the future if the capital returned cannot be invested in transactions with equal or greater expected yields.
  • Investments in equity securities, many of which are illiquid with no readily available market, involve a substantial degree of risk.
  • There may be circumstances in which our debt investments could be subordinated to claims of other creditors or we could be subject to lender liability claims.
  • We may be required to obtain various state licenses in connection with our investments, including to originate commercial loans.
  • Significant risks that could affect financial institutions to which we are exposed may affect our business.
  • Our investments in non-traded equity may involve a high degree of business and financial risk.
  • By originating loans to companies that are experiencing significant financial or business difficulties, we may be exposed to distressed lending risks.
  • We invest in “covenant-lite” loans, which could have reduced creditor protections.
  • We may be exposed to special risks associated with bankruptcy cases.
  • Declines in market prices and liquidity in the corporate debt markets can result in significant net unrealized depreciation of our portfolio, which in turn would reduce our NAV.
  • Economic recessions or downturns could impair our portfolio companies and harm our operating results.
  • Our portfolio companies may be highly leveraged.
  • Our investments in non-U.S. companies may involve significant risks in addition to the risks inherent in U.S. investments.
  • We will be exposed to risks if we engage in hedging transactions.
  • There are special risks associated with derivative instruments we may enter into.
  • Original Issue Discount and Payment-in-kind Interest may affect our Incentive Fees.
  • We may at times invest in high-quality short-term investments, which will generate lower rates of return than those expected from the interest generated on first and second lien senior secured loans and mezzanine debt.
  • Risks Relating to Our Common Shares

Legal proceedings

From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. We and our Adviser are also subject to extensive regulation, which may result in regulatory proceedings or investigations against us or our Adviser, respectively. Except as described below, neither we nor the Adviser are currently subject to any material legal proceedings.

The Fund and certain other funds managed by Silver Point and its affiliates were named as defendants in a lawsuit asserting tortious interference filed in a United States bankruptcy court. On February 19, 2025, the bankruptcy court issued a Report and Recommendation to the U.S. District Court for the Southern District of Texas recommending dismissal of the tortious interference claim. On December 8, 2025, the U.S. District Court entered an order dismissing the tortious interference claim. On January 6, 2026, the plaintiffs filed a notice of appeal of this order to the U.S. Court of Appeals for the Fifth Circuit. The Fund intends to vigorously defend these claims. At this time, the Fund cannot predict with a reasonable degree of certainty the likelihood of an unfavorable outcome; however the Adviser does not expect the results of any potential outcome, even if unfavorable, to be material to the Fund’s consolidated financial statements

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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