Sixth Street Specialty Lending, Inc. Common Stock (TSLX)

Competitors to Sixth Street Specialty Lending, Inc. Common Stock (TSLX)

Apollo Investment Corporation

Apollo Investment Corporation operates similarly as a BDC, investing primarily in debt instruments of private middle-market companies. Apollo has a diversified portfolio that includes a wider range of investment types and a historical reputation for robust risk management practices. This diversification and strong brand recognition give Apollo a competitive advantage over Sixth Street Specialty Lending.

Ares Capital Corporation 

Ares Capital Corporation is one of the largest business development companies (BDCs) in the United States, providing similar financing solutions as Sixth Street Specialty Lending. Both companies focus on providing debt and equity investments to middle-market companies. Ares has a more extensive investment portfolio and stronger relationships with lenders and institutional investors, giving it a competitive edge in terms of capital access and deal sourcing.

BlackRock TCP Capital Corp 

BlackRock TCP Capital Corp operates in the same sector, focusing on originating and investing in senior secured loans and subordinated debt of private middle-market companies. However, BlackRock's affiliation with one of the largest asset managers in the world provides significant leverage in terms of resources, expertise, and client relationships, giving it a clear competitive advantage over TSLX.

FS KKR Capital Corp 

FS KKR Capital Corp is another major player in the BDC sector, offering similar lending products and targeting similar client businesses. With the backing of KKR, a leading global investment firm, FS KKR Capital has greater operational leverage and access to a wider array of capital resources. This strong backing offers them a competitive edge regarding capital procurement and large-scale investments compared to Sixth Street Specialty Lending.

Oaktree Specialty Lending Corporation 

Oaktree Specialty Lending Corporation focuses on lending to large, established middle-market companies, much like TSLX. However, Oaktree's specialized investment strategy and deep expertise in distressed debt give it a unique competitive positioning. Although Oaktree is smaller compared to some competitors, its focused strategy and specialized knowledge provide it with advantages in certain niches of the market.