Sixth Street Lending Partners, Inc. Presentation to State of Connecticut
SLX "1.0" INVESTOR EXPERIENCE
CURRENT PRICE-TO-BOOK VS 5 YEARS AGO ¹
1.37x 1.39x
TSLX²
SIXTH
STREET
SPECIALTY LENDING
1.22x
1.00x
GSBD
Goldman Sachs BDC, Inc.
1.07x
1.24x
ARCC
ARES
ARES CAPITAL CORPORATION
0.97x
1.08x
GBDC
Current price-to-book
GOLUB CAPITAL
1.02x
0.99x 1.00x
NMFC
NMP
NEW MOUNTAIN FINANCE
CORPORATION
0.97x
OCSL
Price-to-book 5 years ago (using current price)
0.95x 0.95x
ORCC
OAKTREE
OCSLI Specialty Lending Corporation CAPITAL CORPORATION
0.89x 0.88x
SLRC
OWL ROCK S SLR
INVESTMENT CORP
0.92x
SIXTH STREET HIGHLY CONFIDENTIAL
0.75x
BCSF
BainCapital
CREDIT
0.85x
0.68x
CGBD
TCG BDC
CARLYLE GLORAL CREDIT
0.85x
0.81x
Li
0.59x
FSK
FS KKR
Blackstone
0.63x
AINV
APOLLO
INVESTMON CORPORATION
0.76x
0.80x
PSEC
PROSPECT CAPITAL
1. Comparable BDC peer set reflect externally managed BDCs with equal to or greater than $2.0 billion in Total Assets based on 12/31/2021 financials. "Price-to-book value 5 years ago (using current price)" is calculated as a BDC's closing stock price per share as of 12/31/2021
divided by its book value per share as of 12/31/2016, Source: SNL, 12/31/2021
2. Prospective investors should be aware that the investments presented herein were made by SLX whose investment program on an overall basis differs from that of Sixth Street Lending Partners, Inc. including but not limited to differences in targeted returns on investment.
Moreover, the actual investments to be made by Sixth Street Lending Partners, Inc. will differ from the investments presented herein and will be made under different market conditions. Sixth Street Lending Partners, Inc. is currently expected to focus on directly originated
loans and other debt investments in upper middle market to large cap companies. Accordingly, there can be no assurance that the investment performance of the Sixth Street Lending Partners, Inc. will be comparable to SLX or that Sixth Street Lending Partners, Inc. will be able
to implement its investment strategy or achieve its investment objective.
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