Sixth Street Lending Partners, Inc. Presentation to State of Connecticut slide image

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. 10
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