Sixth Street Specialty Lending Reports Strong Q2 2025 Results

Sixth Street Specialty Lending, Inc. ( (TSLX) ) has released its Q2 earnings. Here is a breakdown of the information Sixth Street Specialty Lending, Inc. presented to its investors.

Sixth Street Specialty Lending, Inc. is a specialty finance company that focuses on lending to middle-market companies through direct originations of senior secured loans, mezzanine loans, and investments in corporate bonds and equity securities. The company operates as a business development company under the Investment Company Act of 1940 and is managed by Sixth Street Specialty Lending Advisers, LLC.

In its second-quarter earnings report for 2025, Sixth Street Specialty Lending, Inc. announced net investment income of $0.54 per share and net income of $0.63 per share, translating to an annualized return on equity of 12.7% and 14.7%, respectively. The company declared a third-quarter base dividend of $0.46 per share and a second-quarter supplemental dividend of $0.05 per share.

Key financial highlights include a net asset value per share of $17.17, an increase from the previous quarter, driven by continued over-earning of the base quarterly dividend and net unrealized gains from investments. The company reported total investment income of $115.0 million, with new investment commitments totaling $297.7 million for the quarter.

Sixth Street Specialty Lending’s portfolio remains robust, with 92.4% of investments in first-lien debt and 96.5% of debt investments bearing interest at floating rates. The company maintains a strong liquidity position with $39.2 million in cash and cash equivalents and a debt-to-equity ratio of 1.09x.

Looking ahead, Sixth Street Specialty Lending, Inc. is poised to continue leveraging its strategic investment approach and the resources of its parent company, Sixth Street, to generate income and growth opportunities in the middle-market lending space.