TSLX co-CEO to focus on TPG European direct lending arm

The firm invested in 10 companies in the second quarter.

TPG Specialty Lending (TSLX) announced on its second-quarter earnings call that Michael Fishman will step down as co-chief executive officer of TPG Capital's business development company to focus on the firm's direct lending efforts in Europe.

The switch, TSLX co-CEO Josh Easterly said, will occur at the end of the year, and Bo Stanley, the BDC's president, will take over Fishman's duties within TSLX.