LONDON, Nov. 28, 2016 /PRNewswire/ -- TPG Specialty Lending Europe ("TSLE"), the European specialty lending investment platform for TSSP, today announced the close of its first European direct lending fund, TPG Specialty Lending Europe I ("TSLE I"). With existing and expected future financing commitments, the total available purchasing power of TSLE is approximately €1.4 billion (including a total equity raise of €812 million). TSLE originates European middle market credit investments and can underwrite and hold a wide range of debt tickets of between approximately €30m to €300m through its access to a sizeable adjacency funding vehicle for larger deals.
TSLE focuses on providing flexible, fully committed financing solutions to middle market companies throughout Europe. The fund can invest in a range of products including senior secured unitranche or growth debt financings, subordinated debt instruments and asset based lending facilities. TSLE has underwritten over €600m of commitments since inception.
TSLE is the European specialty lending investment platform of TSSP, the global credit platform of TPG. Co-founded in 2009 by Chief Investment Officer Alan Waxman, TSSP has approximately $19 billion in assets under management. TSSP has a long-term oriented, highly flexible capital base that allows it to invest across industries, geographies, capital structures and asset classes. TSSP's investments are typically complex to source, analyze and execute. For more information, please visit www.tpg.com/platforms/tssp.
SOURCE TPG Specialty Lending Europe