Sixth Street Reports Q3 2026 Earnings with Record Funding Activity
Sixth Street (TSLX) reported its third-quarter 2026 financial results, highlighted by $247 million in new investment funding across four new portfolio companies and five upsizes. This represents the company's highest level of funding activity for the year to date. Despite a slight decrease in Net Asset Value (NAV) to $16.19 per share from $16.24 in the previous quarter, the firm maintained a strong dividend coverage of 105%. The company reported net investment income of $0.44 per share and declared a quarterly base dividend of $0.42 plus a $0.01 supplemental dividend. While management noted a market-wide decline in direct lending volume for private equity-backed borrowers, Sixth Street's weighted average total yield on debt increased to 11.4%. The portfolio remains heavily weighted toward first-lien debt at 86.9% of fair value.
Topics: Debt to Equity Ratio Dividends Net Asset Value Net Investment Income Portfolio Funding