TSLX on NYSE
Sixth Street Specialty Lending, Inc.
Sixth Street Specialty Lending, Inc. is a corporation registered in the United States, active since 2010.2 It is headquartered in Fort Worth, United States.2 Its shares trade on NYSE under the symbol TSLX.2
Price unavailable
Last updated Oct 21, 2026.
Overview
- TickerTSLX on NYSE2
- HeadquartersFort Worth, United States2
- Incorporated inDE3
- Business address2100 Mckinney Avenue, Suite 1500, Dallas, Tx 752013
- Filer categoryLarge accelerated filer3
- Legal formCorporation2
- LEI549300TX61566GJWCN052
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O MAPLES FIDUCIARY SERVICES (DELAWARE) INC., 19807 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 48506692
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.8
| 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 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 20 quarters (quarterly), latest first.8
| 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 flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.8
| 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 |
No quarter-by-quarter statement was filed.
Compare Sixth Street Specialty Lending, Inc. with another company
Corporate structure
Sixth Street Specialty Lending, Inc. sits at the top of its group. 5 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Sixth Street Specialty Lending, Inc.
- Ohio Strs Filed SCHEDULE 13G/A on Sixth Street Specialty Lending, Inc., latest Aug 14, 2026 (5 filings since Jan 10, 2022)
- FMR LLC Filed SC 13G/A on Sixth Street Specialty Lending, Inc., latest Feb 9, 2023 (2 filings since Feb 9, 2022)
- Sixth Street Specialty Lending, Inc. Fort Worth, Texas, United States
- Sixth Street SL Holding, LLC Subsidiary · Delaware, United States
- Sixth Street SL SPV, LLC Subsidiary · Delaware, United States
- Sixth Street Specialty Lending Sub, LLC Subsidiary · Cayman Islands
- TC Lending, LLC Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Sixth Street Specialty Lending, Inc. 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $19.7M8 Dec 31, 2025 | $27.3M8 Dec 31, 2024 | −28.1% |
| Debt securities available for sale | $3.3B8 Dec 31, 2025 | $3.5B8 Dec 31, 2024 | −4.9% |
Properties, in its own words
We maintain our principal executive office at 2100 McKinney Avenue, Suite 1500, Dallas, Texas 75201. We do not own any real estate.
Item 2 of the 10-K filed Feb 12, 2026.11
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
- Chief executive officerJoshua Easterly Jan 3, 2014 to Mar 11, 202112
- Chief executive officerMichael Fishman Apr 8, 2011 to Oct 17, 201413
- Chief financial officerIan Simmonds Dec 4, 2015 to Aug 9, 202214
- Chief financial officerAlan Kirshenbaum Jan 3, 2014 to May 22, 201515
- Chief financial officerJohn Viola Mar 15, 2011 to Sep 17, 201316
- Chief operating officerRobert D. Ollwerther May 16, 2014 to Nov 20, 201517
Board members and other officers (26)
- Vice PresidentRoss Anthony Bruck Feb 20, 2026 to now18
- CCO & SecretaryAnton Brett Jul 11, 2022 to Aug 22, 202219
- Vice PresidentJoshua Peck Jul 11, 2022 to now20
- Chief Compliance OfficerKenneth Joseph Burke Feb 8, 2019 to Mar 16, 202021
- Vice PresidentCraig Hamrah Aug 8, 2016 to Aug 8, 201622
- Vice PresidentThomas J. Steiglehner Aug 8, 2016 to Aug 8, 201623
- Chief Compliance OfficerJennifer Gordon Feb 25, 2015 to May 26, 202224
- Principal Accounting OfficerMichael Graf Oct 13, 2015 to now25
- Vice PresidentSteven Pluss Jan 30, 2014 to now26
- Chief Compliance OfficerJustin Meagher Feb 21, 2014 to Feb 21, 201427
- Vice PresidentJennifer Mello Apr 19, 2013 to Apr 19, 201328
- See Remark (4)David Reintjes Mar 15, 2011 to Mar 15, 201129
- Vice PresidentDavid Stiepleman Mar 15, 2011 to now30
- Vice PresidentJoshua Easterly Mar 15, 2011 to Sep 17, 201331
- Vice PresidentRonald Cami Mar 15, 2011 to Mar 15, 201132
- Vice PresidentAlan Kirshenbaum Nov 18, 2011 to Sep 17, 201333
- Board memberDavid Stiepleman Mar 4, 2026 to now34
- Board memberJohn Hershey Jul 3, 2025 to now35
- Board memberP. Emery Covington Jul 18, 2023 to now36
- Board memberJennifer Gordon May 26, 2022 to May 26, 202237
- Board memberHurley Doddy Feb 8, 2019 to Mar 15, 202338
- Board memberJudy S. Slotkin Sep 20, 2019 to Aug 7, 202439
- Board memberJoshua Easterly Mar 15, 2011 to Mar 11, 202131
- Board memberRichard A. Higginbotham Mar 15, 2011 to Mar 9, 202240
- Board memberRonald Tanemura Mar 15, 2011 to Mar 27, 201841
- Board memberMichael Fishman Apr 8, 2011 to Oct 17, 201413
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Sixth Street SL Holding, LLC Delaware4
- Sixth Street SL SPV, LLC Delaware4
- Sixth Street Specialty Lending Sub, LLC Cayman Islands4
- TC Lending, LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- TPG Specialty Lending, Inc.Jan 14, 2011 to Jun 5, 20203
Timeline
- Aug 4, 20268-K Results of operations; Regulation FD disclosure42
- Jun 18, 20268-K Shareholder vote43
- May 22, 20268-K Shareholder vote44
- May 14, 20268-K Entered a material agreement; New debt or obligation; Other events45
- May 5, 20268-K Results of operations; Regulation FD disclosure46
- Feb 23, 20268-K Executive or director change; Regulation FD disclosure; Other events47
- Feb 12, 20268-K Results of operations; Regulation FD disclosure48
- Nov 4, 20258-K Results of operations; Executive or director change; Bylaws or fiscal year changed49
- Jul 30, 20258-K Results of operations; Regulation FD disclosure50
- Jul 3, 20258-K Executive or director change51
- Jun 20, 20258-K Shareholder vote52
- May 23, 20258-K Shareholder vote53
- Jan 3, 2014New chief executive Joshua Easterly becomes CEO12
- Apr 8, 2011New chief executive Michael Fishman becomes CEO13
- Jul 21, 2010Founded Sixth Street Specialty Lending, Inc. is founded2
Calendar
Coming up
- Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.53 a share, on Nov 4, 2025.54
When it reported results
- Aug 4, 2026Reported quarterly or annual results42
- May 5, 2026Reported quarterly or annual results46
- Feb 12, 2026Reported quarterly or annual results48
- Nov 4, 2025Reported quarterly or annual results49
- Jul 30, 2025Reported quarterly or annual results50
- Apr 30, 2025Reported quarterly or annual results55
- Feb 13, 2025Reported quarterly or annual results56
- Nov 5, 2024Reported quarterly or annual results57
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
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 five years, summarized. The full record is on SEC EDGAR.
Insider trades
25 open-market trades by officers, directors and large owners since October 2021: 25 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 11, 2026 | Bruck Ross AnthonyVice President | Buy | 8,000 | $17.76 | $142.1K | Form 4 |
| Mar 10, 2026 | Waxman AlanVice President | Buy | 45,000 | $18.47 | $831.1K | Form 4 |
| Mar 9, 2026 | Waxman AlanVice President | Buy | 200,000 | $18.18 | $3.6M | Form 4 |
| Mar 6, 2026 | Covington P EmeryDirector | Buy | 7,500 | $18.35 | $137.6K | Form 4 |
| Mar 6, 2026 | Waxman AlanVice President | Buy | 200,000 | $18.42 | $3.7M | Form 4 |
| Mar 5, 2026 | Waxman AlanVice President | Buy | 100,000 | $18.46 | $1.8M | Form 4 |
| Mar 2, 2026 | Stiepleman DavidVice President | Buy | 20,200 | $17.65 | $356.5K | Form 4 |
| Mar 2, 2026 | Peck JoshuaVice President | Buy | 2,840 | $17.59 | $50.0K | Form 4 |
| Feb 27, 2026 | Pluss StevenVice President | Buy | 15,000 | $17.72 | $265.8K | Form 4 |
| Feb 26, 2026 | Graf MichaelSee Remarks | Buy | 1,000 | $18.26 | $18.3K | Form 4 |
| Nov 18, 2025 | Stanley Robert J.CEO | Buy | 10,000 | $20.85 | $208.5K | Form 4 |
| Nov 20, 2024 | Graf MichaelSee Remarks | Buy | 1,000 | $20.53 | $20.5K | Form 4 |
| Aug 7, 2024 | Graf MichaelSee Remarks | Buy | 500 | $20.45 | $10.2K | Form 4 |
| Aug 5, 2024 | Slotkin Judy SDirector | Buy | 7,015 | $19.90 | $139.6K | Form 4 |
| May 21, 2024 | Covington P EmeryDirector | Buy | 7,500 | $21.50 | $161.2K | Form 4 |
| Mar 13, 2023 | Doddy HurleyDirector | Buy | 2,900 | $17.51 | $50.8K | Form 4 |
| Mar 10, 2023 | Graf MichaelSee Remarks | Buy | 1,500 | $17.55 | $26.3K | Form 4 |
| Mar 9, 2023 | Graf MichaelSee Remarks | Buy | 2,000 | $18.55 | $37.1K | Form 4 |
| Aug 18, 2022 | Brett AntonChief Compliance Officer | Buy | 500 | $19.25 | $9.6K | Form 4 |
| Aug 8, 2022 | Pluss StevenVice President | Buy | 10,000 | $19.04 | $190.4K | Form 4 |
All 25 trades can be filtered by person here when JavaScript is on.
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.
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.
SEC filer profile
How Sixth Street Specialty Lending, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSixth Street Specialty Lending, Inc.1
- CIK0001508655
- Employer ID (EIN)27-338000011
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company11
- Incorporated inDelaware11
- Fiscal year endsDecember 311
- Business address2100 Mckinney Avenue, Suite 1500, Dallas, TX 752011
- Phone469-621-30011
- Shares outstanding95,343,139 as of Aug 4, 202610
- Public float$2.2B as of Jun 30, 202511
- AuditorKPMG LLP, New York, New York PCAOB ID 185; it also attests to the company’s internal control over financial reporting11
- On EDGAR sinceJan 14, 20111
- Filings888 in all: 8-K (183), 4 (161), DFAN14A (58), DEFA14A (48), 10-Q (47), SC 13G/A (40), 497AD (37), 3 (33)1
All 54 form types
SC 13D/A (28), DEF 14A (27), CORRESP (21), SC 13G (19), 497 (17), 40-17G (16), 10-K (15), 424B2 (14), PRE 14A (12), N-2/A (11), 40-APP/A (10), POS EX (10), FWP (7), N-2 (7), EFFECT (6), DEFR14A (5), 40-APP (4), ARS (4), PRRN14A (4), SC 13D (4), 8-K/A (3), APP NTC (3), APP ORDR (3), DFRN14A (3), UPLOAD (3), 10-12G/A (2), DEFC14A (2), N-2ASR (2), PREC14A (2), 10-12G (1), 10-K/A (1), 4/A (1), 40-17G/A (1), 424B5 (1), 8-A12B (1), APP WD (1), ARS/A (1), CERTNYS (1), DEF 14C (1), DRS (1), DRS/A (1), N-54A (1), N-6F (1), PRE 14C (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) Feb 12, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Apr 9, 2026
Latest 8-K (8-K) Aug 4, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | TSLX | The New York Stock Exchange |
From the cover page of the 10-K filed Feb 12, 2026 (Section 12(b) of the Exchange Act).11
Risk factors and legal proceedings
The risks Sixth Street Specialty Lending, Inc. names in Item 1A of its 10-K filed Feb 12, 2026: 69 risks under these headings, as written.11
- Risks Related to Our Business and Structure
- We are dependent upon management personnel of the Adviser, Sixth Street and their affiliates for our future success.
- Regulations governing our operation as a BDC affect our ability to, and the way in which we, raise additional capital.
- We borrow money, which magnifies the potential for gain or loss and increases the risk of investing in us.
- Effects of Leverage Based on Actual Amount of Borrowings Incurred by us as of December 31, 2025
- Our indebtedness could adversely affect our business, financial condition or results of operations.
- Legislation allows us to incur additional leverage.
- We may default under our future credit facilities.
- Provisions in a credit facility may limit our investment discretion.
- We may invest through joint ventures, partnerships or other special purpose vehicles and our investments through these vehicles may entail greater risks, or risks that we otherwise would not incur, if we otherwise made such investments directly.
- We operate in a highly competitive market for investment opportunities.
- If we are unable to source investments, access financing or manage future growth effectively, we may be unable to achieve our investment objective.
The other 58 risks
- Even in the event the value of your investment declines, the Management Fee and, in certain circumstances, the Incentive Fee will still be payable to the Adviser.
- To the extent that we do not realize income or choose not to retain after-tax realized net capital gains, we will have a greater need for additional capital to fund our investments and operating expenses.
- We will be subject to corporate-level U.S. federal income tax if we are unable to maintain our qualification as a RIC under Subchapter M of the Code, including as a result of our failure to satisfy the RIC distribution requirements.
- We can be expected to retain some income and capital gains in excess of what is permissible for excise tax purposes and such amounts will be subject to 4% U.S. federal excise tax.
- Our Adviser and its affiliates, officers and employees may face certain conflicts of interest.
- Our ability to enter into transactions with our affiliates is restricted.
- 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 and a loss of the benefits from our relationship with Sixth Street. Any new investment advisory agreement would require stockholder approval.
- The Adviser’s liability is limited under the Investment Advisory Agreement, and we are required to indemnify the Adviser against certain liabilities, which may lead the Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
- The time and resources that individuals employed by the Adviser devote to us may be diverted and we may face additional competition due to the fact that individuals employed by the Adviser are not prohibited from raising money for or managing other entities that make the same types of investments that we target.
- Any failure to maintain our status as a BDC would reduce our operating flexibility.
- We incur significant costs as a result of being a publicly traded company.
- We are obligated to maintain proper and effective internal control over financial reporting. We may not complete our analysis of our internal control over financial reporting in a timely manner, or our internal controls may not be determined to be effective, which may adversely affect investor confidence in our company and, as a result, the value of our securities.
- We may experience fluctuations in our quarterly results.
- Provisions of the General Corporation Law of the State of Delaware and our certificate of incorporation and bylaws could deter takeover attempts and have an adverse effect on the price of our common stock.
- Certain investors are limited in their ability to make significant investments in us.
- The Company may be restricted from initiating transactions as a result of the receipt of material non-public information.
- Cybersecurity risks and cyber incidents may adversely affect our business or those of our portfolio companies by causing a disruption to our operations, a compromise or corruption of confidential information and/or damage to business relationships, or those of our portfolio companies, all of which could negatively impact our business, results of operations or financial condition.
- Our Board may change our investment objective, operating policies and strategies without prior notice or stockholder approval.
- Changes in tax laws may adversely affect our business.
- We are subject to risks associated with artificial intelligence, including the application of various forms of artificial intelligence such as machine learning technology.
- Failure or alleged failure to comply with applicable data protection and privacy laws and regulations could subject us to ongoing costs and, in some cases, fines and reputational harm.
- Risks Related to Economic Conditions
- Inflation may adversely affect our business.
- Trade negotiations and related government actions may create global supply chain issues and regulatory uncertainty for our portfolio companies and our investment strategy and adversely affect the profitability of our portfolio companies.
- We are currently operating in a period of disruption, volatility and uncertainty in the capital markets and in the economy generally.
- The current state of the economy and financial markets increases the likelihood of adverse effects on our financial position and results of operations.
- Uncertainty about financial stability could have a significant adverse effect on our business, results of operations and financial condition.
- Economic recessions or downturns could impair our portfolio companies and harm our operating results.
- Risks Related to Our Portfolio Company Investments
- Our investments are very risky and highly speculative.
- The value of most of our portfolio securities will not have a readily available market price and we value these securities at fair value as determined in good faith by our Board, which valuation is inherently subjective, may not reflect what we may actually realize for the sale of the investment and could result in a conflict of interest with the Adviser.
- The lack of liquidity in our investments may adversely affect our business.
- Our portfolio may be focused on a limited number of portfolio companies or industries, which will subject us to a risk of significant loss if any of these companies defaults on its obligations under any of its debt instruments or if there is a downturn in a particular industry.
- We may securitize certain of our investments, which may subject us to certain structured financing risks.
- Because we generally do not hold controlling interests in our portfolio companies, we may not be in a position to exercise control over those portfolio companies or prevent decisions by management of those portfolio companies that could decrease the value of our investments.
- We may not be able to realize expected returns on our invested capital.
- By originating loans to companies that are experiencing significant financial or business difficulties, we may be exposed to distressed lending risks.
- Our portfolio companies may incur debt or issue equity securities that rank equally with, or senior to, our investments in those companies.
- We may be exposed to special risks associated with bankruptcy cases.
- Our failure to make follow-on investments in our portfolio companies could impair the value of our investments.
- Any acquisitions or strategic investments that we pursue are subject to risks and uncertainties.
- We cannot guarantee that we will be able to obtain various required licenses in U.S. states or in any other jurisdiction where they may be required in the future.
- Our investments in foreign companies may involve significant risks in addition to the risks inherent in U.S. investments.
- We expose ourselves to risks when we engage in hedging transactions.
- The market structure applicable to derivatives imposed by the Dodd-Frank Act may affect our ability to use over-the-counter (“OTC”) derivatives for hedging purposes.
- If we cease to be eligible for an exemption from regulation as a commodity pool operator, our compliance expenses could increase substantially.
- Our portfolio investments may present special tax issues.
- There are certain risks associated with holding debt obligations that have original issue discount or payment-in-kind interest.
- Risks Related to Our Securities
- There is a risk that investors in our common stock may not receive dividends or that our dividends may not grow over time.
- The market price of our common stock may fluctuate significantly.
- We cannot assure you that the market price of shares of our common stock will not decline.
- Sales of substantial amounts of our common stock in the public market may have an adverse effect on the market price of our common stock.
- Our stockholders will experience dilution in their ownership percentage if they opt out of our dividend reinvestment plan.
- Purchases of our common stock by us under the Company 10b5-1 Plan may result in the price of our common stock being higher than the price that otherwise might exist in the open market.
- Purchases of our common stock by us under the Company 10b5-1 Plan may result in dilution to our net asset value per share.
- General Risk Factors
- We are highly dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect the market price of our common stock and our ability to pay dividends.
- Changes in laws or regulations governing our operations may adversely affect our business.
- Economic and trade sanctions could make it more difficult or costly for us to conduct our operations or achieve our business objectives.
- The ongoing armed conflicts as a result of the Russian invasion of Ukraine and the conflict in the Middle East may have a material adverse impact on us and our portfolio companies.
- We are subject to risks related to sustainability matters.
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 loans to or other contracts with our portfolio companies. As of December 31, 2025 we were not aware of any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us.
The opening of Item 3, Legal Proceedings.11
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARJohn Viola, Chief financial officer
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- 18SEC EDGARRoss Anthony Bruck, Vice President
- 19SEC EDGARAnton Brett, CCO & Secretary
- 20SEC EDGARJoshua Peck, Vice President
- 21
- 22SEC EDGARCraig Hamrah, Vice President
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- 26SEC EDGARSteven Pluss, Vice President
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- 28SEC EDGARJennifer Mello, Vice President
- 29SEC EDGARDavid Reintjes, See Remark (4)
- 30SEC EDGARDavid Stiepleman, Vice President
- 31SEC EDGARJoshua Easterly, Vice President
- 32SEC EDGARRonald Cami, Vice President
- 33SEC EDGARAlan Kirshenbaum, Vice President
- 34SEC EDGARDavid Stiepleman, Board member
- 35SEC EDGARJohn Hershey, Board member
- 36SEC EDGARP. Emery Covington, Board member
- 37SEC EDGARJennifer Gordon, Board member
- 38SEC EDGARHurley Doddy, Board member
- 39SEC EDGARJudy S. Slotkin, Board member
- 40
- 41SEC EDGARRonald Tanemura, Board member
- 42
- 43SEC EDGARShareholder vote
- 44SEC EDGARShareholder vote
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- 51SEC EDGARExecutive or director change
- 52SEC EDGARShareholder vote
- 53SEC EDGARShareholder vote
- 54NasdaqNasdaq calendar
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