TSLX on NYSE

Sixth Street Specialty Lending, Inc.

Corporation registered in the United States, active since 2010.

Price unavailable

Last updated Oct 18, 2026.

Overview

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TickerTSLX on NYSE
HeadquartersFort Worth, United States
Incorporated inDE²
Business address2100 Mckinney Avenue, Suite 1500, Dallas, Tx 75201²
Filer categoryLarge accelerated filer²

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Financials

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

Financial statements

Net income³⁴⁵⁶$170.5M in 2025−4% since 2020

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Total Investment Income	$449.1M	$482.5M	$438.1M
Interest	$129.6M	$154.1M	$133.7M
Management fees	$52.2M	$51.8M	$46.4M
Incentive fees on net investment income	$43.5M	$45.5M	$42.6M
Incentive fees on net capital gains	-$5.1M	-$5.4M	$4.4M
Professional fees	$8.3M	$7.5M	$7.3M
Directors fees	$962.0K	$877.0K	$806.0K
Other general and administrative	$5.6M	$5.5M	$5.3M
Total expenses	$235.0M	$260.0M	$240.5M
Management and incentive fees waived	-$1.3M	-$1.5M	-$1.2M
Net Expenses	$233.7M	$258.6M	$239.3M
Net Investment Income Before Income Taxes	$215.3M	$224.0M	$198.8M
Income taxes, including excise taxes	$5.3M	$3.9M	$2.4M
Net Investment Income	$210.0M	$220.0M	$196.4M
Net Unrealized gains (losses) on investments	$44.8M	-$52.8M	$18.9M
Translation of other assets and liabilities in foreign currencies	-$35.9M	$13.4M	-$6.4M
Interest rate swaps	$0	$0	$174.0K
Income tax provision	$520.0K	-$2.6M	$556.0K
Total net change in unrealized gains (losses)	$9.4M	-$42.0M	$13.2M
Realized gains (losses) on investments	-$47.4M	$9.0M	$12.3M
Foreign currency transactions	-$505.0K	-$464.0K	$180.0K
Income tax provision	-$940.0K
Total net realized gains (losses)	-$48.9M	$8.6M	$12.4M
Total Net Unrealized and Realized Gains (Losses)	-$39.5M	-$33.5M	$25.6M
Increase (Decrease) in Net Assets Resulting from Operations	$170.5M	$186.6M	$222.0M
Earnings per common sharebasic	$1.81	$2.03	$2.61
Weighted average shares of common stock outstandingbasic	94.1M shares	92.0M shares	85.1M shares
Earnings per common share - diluted	$1.81	$2.03	$2.61
Weighted average shares of common stock outstanding - diluted	94.1M shares	92.0M shares	85.1M shares

Total assets³⁴⁵⁶$3.4B in 2025+34% since 2021

Total liabilities³⁴⁵⁶$1.8B in 2025+42% since 2021

Shareholders’ equity³⁴⁵⁶$1.6B in 2025+44% since 2019

Cash³⁴⁵⁶$19.7M in 2025+23% since 2021

Long-term debt³⁴⁵⁶$1.7B in 2025+47% since 2021

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 20 quarters (quarterly), latest first.⁶

Period ending	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Total investments at fair value	$3.3B				$3.5B
Cash and cash equivalents (restricted cash of $16,727 and $22,362, respectively)	$19.7M				$27.3M
Interest receivable	$34.1M				$30.5M
Prepaid expenses and other assets	$20.5M				$6.0M
Total Assets	$3.4B				$3.6B
Debt (net of deferred financing costs of $24,411 and $23,837, respectively)	$1.7B				$1.9B
Management fees payable to affiliate	$12.8M				$13.0M
Incentive fees on net investment income payable to affiliate	$10.3M				$12.0M
Incentive fees on net capital gains accrued to affiliate	$0				$5.1M
Other liabilities	$44.4M				$39.9M
Total Liabilities	$1.8B				$2.0B
Common stock, $0.01 par value; 400,000,000 shares authorized, 95,158,175 and 94,325,686 shares issued, respectively; and 94,705,150 and 93,661,436 shares outstanding, respectively	$954.0K				$943.0K
Additional paid-in capital	$1.5B				$1.5B
Treasury stock at cost; 664,250 and 664,250 shares held, respectively	-$10.5M				-$10.5M
Distributable earnings	$81.6M				$97.7M
Total Net Assets	$1.6B				$1.6B
Total Liabilities and Net Assets	$3.4B				$3.6B
Net Asset Value Per Share	$16.98	$17.14	$17.17	$17.04	$17.16
Investments at amortized cost	$3.3B				$3.5B
Restricted cash	$16.7M				$22.4M
Deferred financing costs	$24.4M				$23.8M
Preferred stock, par value	$0.01				$0.01
Preferred stock, shares authorized	100.0M shares				100.0M shares
Preferred stock, shares issued	0 shares				0 shares
Preferred stock, shares outstanding	0 shares				0 shares
Common shares, par value	$0.01				$0.01
Common shares, authorized	400.0M shares				400.0M shares
Common shares, issued	95.4M shares				94.3M shares
Common shares, outstanding	94.7M shares				93.7M shares
Treasury stock, shares	664.2K shares				664.2K shares

Period ending	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2024-02-29	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31
Total investments at fair value	$3.3B				$3.5B
Cash and cash equivalents (restricted cash of $16,727 and $22,362, respectively)	$19.7M				$27.3M
Interest receivable	$34.1M				$30.5M
Prepaid expenses and other assets	$20.5M				$6.0M
Total Assets	$3.4B				$3.6B
Debt (net of deferred financing costs of $24,411 and $23,837, respectively)	$1.7B				$1.9B
Management fees payable to affiliate	$12.8M				$13.0M
Incentive fees on net investment income payable to affiliate	$10.3M				$12.0M
Incentive fees on net capital gains accrued to affiliate	$0				$5.1M
Other liabilities	$44.4M				$39.9M
Total Liabilities	$1.8B				$2.0B
Common stock, $0.01 par value; 400,000,000 shares authorized, 95,158,175 and 94,325,686 shares issued, respectively; and 94,705,150 and 93,661,436 shares outstanding, respectively	$954.0K				$943.0K
Additional paid-in capital	$1.5B				$1.5B
Treasury stock at cost; 664,250 and 664,250 shares held, respectively	-$10.5M				-$10.5M
Distributable earnings	$81.6M				$97.7M
Total Net Assets	$1.6B				$1.6B
Total Liabilities and Net Assets	$3.4B				$3.6B
Net Asset Value Per Share	$16.98	$17.14	$17.17	$17.04	$17.16	$17.12	$17.19	$17.17		$17.04	$16.97	$16.74	$16.59	$16.48	$16.84	$17.16	$16.83	$16.25	$16.09	$15.95
Investments at amortized cost	$3.3B				$3.5B
Restricted cash	$16.7M				$22.4M
Deferred financing costs	$24.4M				$23.8M
Preferred stock, par value	$0.01				$0.01
Preferred stock, shares authorized	100.0M shares				100.0M shares
Preferred stock, shares issued	0 shares				0 shares
Preferred stock, shares outstanding	0 shares				0 shares
Common shares, par value	$0.01				$0.01
Common shares, authorized	400.0M shares				400.0M shares
Common shares, issued	95.4M shares				94.3M shares				4.0M shares
Common shares, outstanding	94.7M shares				93.7M shares
Treasury stock, shares	664.2K shares				664.2K shares

Cash from operations³⁴⁵⁶$401.6M in 2025+177% since 2020

Dividends paid³⁴⁵⁶$170.3M in 2025+31% since 2020

Share buybacks³⁵$6.2M in 2022+110% since 2020

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Increase (decrease) in net assets resulting from operations	$170.5M	$186.6M	$222.0M
Net change in unrealized (gains) losses on investments	-$44.8M	$52.8M	-$18.9M
Net change in unrealized (gains) losses on foreign currency transactions	$35.9M	-$13.4M	$6.4M
Net change in unrealized (gains) losses on interest rate swaps	$0	$0	-$174.0K
Net realized (gains) losses on investments	$47.4M	-$9.0M	-$12.3M
Net realized (gains) losses on foreign currency transactions	$870.0K	-$610.0K	-$335.0K
Net amortization of discount on investments	-$26.7M	-$21.1M	-$17.6M
Amortization of deferred financing costs	$6.7M	$6.9M	$5.2M
Amortization of discount on debt	$1.9M	$1.6M	$899.0K
Purchases and originations of investments, net	-$1.1B	-$1.1B	-$943.5M
Proceeds from investments, net	$112.2M	$85.2M	$42.2M
Repayments on investments	$1.2B	$778.2M	$472.5M
Paid-in-kind interest	-$25.1M	-$29.6M	-$18.2M
Interest receivable	-$3.1M	-$2.8M	-$7.6M
Interest receivable paid-in-kind	-$511.0K	$277.0K	-$1.5M
Prepaid expenses and other assets	-$4.3M	$1.6M	-$3.0M
Management fees payable to affiliate	-$159.0K	$991.0K	$1.4M
Incentive fees on net investment income payable to affiliate	-$1.7M	$562.0K	$533.0K
Incentive fees on net capital gains accrued to affiliate	-$5.1M	-$5.4M	$4.4M
Payable to affiliate	-$469.0K	$833.0K	-$463.0K
Other liabilities	$28.8M	$17.0M	$31.1M
Net Cash Provided by (Used in) Operating Activities	$401.6M	-$45.5M	-$236.8M
Borrowings on debt	$1.3B	$1.8B	$1.5B
Repayments on debt	-$1.6B	-$1.7B	-$1.2B
Deferred financing costs	-$7.3M	-$8.8M	-$9.4M
Proceeds from issuance of common stock, net of offering and underwriting costs	$0	$93.3M	$89.2M
Dividends paid to stockholders	-$170.3M	-$168.7M	-$156.4M
Net Cash Provided by (Used in) Financing Activities	-$409.2M	$47.6M	$236.3M
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	-$7.7M	$2.1M	-$451.0K
Interest paid during the period	$119.4M	$139.8M	$119.4M
Excise and other taxes paid during the period	$5.8M	$2.3M	$2.4M
Dividends declared during the period	$192.9M	$193.4M	$180.0M
Reinvestment of dividends during the period	$22.5M	$24.7M	$23.5M

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Leadership

Who has led Sixth Street Specialty Lending, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chief financial officer

Chief operating officer

Robert D. Ollwerther2014–2015

201520202025

Chief executive officerJoshua Easterly Jan 3, 2014 to Mar 11, 2021⁹
Chief executive officerMichael Fishman Apr 8, 2011 to Oct 17, 2014¹⁰
Chief financial officerIan Simmonds Dec 4, 2015 to Aug 9, 2022¹¹
Chief financial officerAlan Kirshenbaum Jan 3, 2014 to May 22, 2015¹²
Chief financial officerJohn Viola Mar 15, 2011 to Sep 17, 2013¹³
Chief operating officerRobert D. Ollwerther May 16, 2014 to Nov 20, 2015¹⁴

Board members and other officers (26)

Vice PresidentRoss Anthony Bruck Feb 20, 2026 to now¹⁵
CCO & SecretaryAnton Brett Jul 11, 2022 to Aug 22, 2022¹⁶
Vice PresidentJoshua Peck Jul 11, 2022 to now¹⁷
Chief Compliance OfficerKenneth Joseph Burke Feb 8, 2019 to Mar 16, 2020¹⁸
Vice PresidentCraig Hamrah Aug 8, 2016 to Aug 8, 2016¹⁹
Vice PresidentThomas J. Steiglehner Aug 8, 2016 to Aug 8, 2016²⁰
Chief Compliance OfficerJennifer Gordon Feb 25, 2015 to May 26, 2022²¹
Principal Accounting OfficerMichael Graf Oct 13, 2015 to now²²
Vice PresidentSteven Pluss Jan 30, 2014 to now²³
Chief Compliance OfficerJustin Meagher Feb 21, 2014 to Feb 21, 2014²⁴
Vice PresidentJennifer Mello Apr 19, 2013 to Apr 19, 2013²⁵
See Remark (4)David Reintjes Mar 15, 2011 to Mar 15, 2011²⁶
Vice PresidentDavid Stiepleman Mar 15, 2011 to now²⁷
Vice PresidentJoshua Easterly Mar 15, 2011 to Sep 17, 2013²⁸
Vice PresidentRonald Cami Mar 15, 2011 to Mar 15, 2011²⁹
Vice PresidentAlan Kirshenbaum Nov 18, 2011 to Sep 17, 2013³⁰
Board memberDavid Stiepleman Mar 4, 2026 to now³¹
Board memberJohn Hershey Jul 3, 2025 to now³²
Board memberP. Emery Covington Jul 18, 2023 to now³³
Board memberJennifer Gordon May 26, 2022 to May 26, 2022³⁴
Board memberHurley Doddy Feb 8, 2019 to Mar 15, 2023³⁵
Board memberJudy S. Slotkin Sep 20, 2019 to Aug 7, 2024³⁶
Board memberJoshua Easterly Mar 15, 2011 to Mar 11, 2021²⁸
Board memberRichard A. Higginbotham Mar 15, 2011 to Mar 9, 2022³⁷
Board memberRonald Tanemura Mar 15, 2011 to Mar 27, 2018³⁸
Board memberMichael Fishman Apr 8, 2011 to Oct 17, 2014¹⁰

Former names

TPG Specialty Lending, Inc.Jan 14, 2011 to Jun 5, 2020²

Timeline

Jan 3, 2014New chief executive Joshua Easterly becomes CEO⁹
Apr 8, 2011New chief executive Michael Fishman becomes CEO¹⁰
Jul 21, 2010Founded Sixth Street Specialty Lending, Inc. is founded³⁹

Filings

192 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 28 insider forms, 7 large holders, 86 other. The latest 20:

Aug 14, 2026SCHEDULE 13G/A EDGAR
Aug 4, 20268-K EDGAR
Aug 4, 202610-Q EDGAR
Jul 8, 2026SCHEDULE 13G EDGAR
Jun 18, 20268-K EDGAR
May 29, 20264 EDGAR
May 22, 20268-K EDGAR
May 15, 2026DEFR14A EDGAR
May 15, 2026DEFR14A EDGAR
May 14, 20268-K EDGAR
May 13, 20264 EDGAR
May 11, 2026424B2 EDGAR
May 8, 2026497AD EDGAR
May 7, 2026FWP EDGAR
May 7, 2026424B2 EDGAR
May 5, 20268-K EDGAR
May 5, 202610-Q EDGAR
Apr 10, 2026DEFA14A EDGAR
Apr 9, 2026ARS EDGAR
Apr 9, 2026DEFA14A EDGAR

The 192 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 7 such filings since October 2021:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Strs Ohio	6,029,281	$103.5M	0.4%	+1,681,571
Sixth Street Partners Management Company, L.P.	2,714,226	$46.6M	8.0%	No change
Sound Income Strategies, LLC	2,706,290	$46.5M	2.1%	+135,238
Progeny 3, Inc.	2,476,398	$42.5M	2.2%	No change
UBS Group AG	2,373,275	$40.7M	0.0%	+515,008
Van Eck Associates Corp	2,366,266	$40.6M	0.0%	+519,456
OMERS ADMINISTRATION Corp	2,012,327	$34.6M	0.2%	+50,514
Ares Management LLC	1,404,779	$24.1M	1.1%	+50,000
Allen Investment Management, LLC	1,368,939	$23.5M	0.3%	−27,022
Wells Fargo & Company/mn	1,316,091	$22.6M	0.0%	−22,532
Cerity Partners LLC	1,207,716	$20.7M	0.0%	+71,720
Callodine Capital Management, LP	1,176,080	$20.2M	1.3%	+46,560
Muzinich & Co., Inc.	1,075,226	$18.5M	6.3%	+28,230
Morgan Stanley	1,069,572	$18.4M	0.0%	−258,043
Rivernorth Capital Management, LLC	969,599	$16.6M	0.8%	+678,646
Advisors Capital Management, LLC	864,107	$14.8M	0.2%	+78,622
Tectonic Advisors LLC	845,203	$14.5M	0.7%	+117,104
Sumitomo Mitsui Trust Group, Inc.	792,452	$13.6M	0.0%	+22,279
Legal & General Group Plc	787,794	$13.5M	0.0%	+55,146
Bank Of America Corp /de/	764,474	$13.1M	0.0%	+28,748
Raymond James Financial Inc	736,813	$12.7M	0.0%	−181,763
Franklin Resources Inc	719,709	$12.4M	0.0%	+109,702
SCS Capital Management LLC	692,199	$11.9M	0.1%	+25,822
Pathstone Holdings, LLC	672,162	$11.5M	0.0%	+229,262
LPL Financial LLC	651,650	$11.2M	0.0%	−21,088

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARSixth Street Specialty Lending, Inc. filings on SEC EDGAR
2
SEC EDGARSixth Street Specialty Lending, Inc. filings on SEC EDGAR
3
SEC EDGARSixth Street Specialty Lending, Inc. 10-K for fiscal 2020
4
SEC EDGARSixth Street Specialty Lending, Inc. 10-K for fiscal 2021
5
SEC EDGARSixth Street Specialty Lending, Inc. 10-K for fiscal 2022
6
SEC EDGARSixth Street Specialty Lending, Inc. 10-K for fiscal 2023
7
SEC EDGARSixth Street Specialty Lending, Inc. 10-Q for fiscal 2026
8
SEC EDGARSixth Street Specialty Lending, Inc. 10-Q for fiscal 2026
9
SEC EDGARJoshua Easterly, Chief executive officer
10
SEC EDGARMichael Fishman, Chief executive officer
11
SEC EDGARIan Simmonds, Chief financial officer
12
SEC EDGARAlan Kirshenbaum, Chief financial officer
13
SEC EDGARJohn Viola, Chief financial officer
14
SEC EDGARRobert D. Ollwerther, Chief operating officer
15
SEC EDGARRoss Anthony Bruck, Vice President
16
SEC EDGARAnton Brett, CCO & Secretary
17
SEC EDGARJoshua Peck, Vice President
18
SEC EDGARKenneth Joseph Burke, Chief Compliance Officer
19
SEC EDGARCraig Hamrah, Vice President
20
SEC EDGARThomas J. Steiglehner, Vice President
21
SEC EDGARJennifer Gordon, Chief Compliance Officer
22
SEC EDGARMichael Graf, Principal Accounting Officer
23
SEC EDGARSteven Pluss, Vice President
24
SEC EDGARJustin Meagher, Chief Compliance Officer
25
SEC EDGARJennifer Mello, Vice President
26
SEC EDGARDavid Reintjes, See Remark (4)
27
SEC EDGARDavid Stiepleman, Vice President
28
SEC EDGARJoshua Easterly, Vice President
29
SEC EDGARRonald Cami, Vice President
30
SEC EDGARAlan Kirshenbaum, Vice President
31
SEC EDGARDavid Stiepleman, Board member
32
SEC EDGARJohn Hershey, Board member
33
SEC EDGARP. Emery Covington, Board member
34
SEC EDGARJennifer Gordon, Board member
35
SEC EDGARHurley Doddy, Board member
36
SEC EDGARJudy S. Slotkin, Board member
37
SEC EDGARRichard A. Higginbotham, Board member
38
SEC EDGARRonald Tanemura, Board member
39
gleifSixth Street Specialty Lending, Inc. is founded