Sixth Street BDC holds first close near $4.5bn target

Sixth Street Lending received commitments from pension funds in Michigan and Pennsylvania.

Sixth Street’s second business development company, Sixth Street Lending (SSL), is approaching its $4.5 billion target after a year on the road, according to a filing with the US Securities and Exchange Commission.

The BDC launched in June 2022 and held a first close on $4.28 billion 12 months later.