TSLX is a specialty finance company focused on lending to middle-market companies. Since TSLX began its investment activities in July 2011 through September 30, 2018, it has originated more than $9.2 billion aggregate principal amount of investments and retained approximately $5.1 billion aggregate principal amount of these investments on its balance sheet prior to any subsequent exits and repayments. TSLX seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities. The companies in which TSLX invests use capital to support organic growth, acquisitions, market or product expansion and recapitalizations. 100% of debt investments bore interest at floating-rates (when including investment specific hedges), which TSLX believes helps act as a portfolio-wide hedge against inflation. As of September 30, 2018, TSLX's portfolio had a fair value of approximately $1,981.9 million invested across 49 portfolio companies.
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