Sixth Street Specialty Lending: Defensive BDC To Buy When Volatility Hits

Klaus Vedfelt Sixth Street Specialty Lending (NYSE:TSLX) is an externally managed business development company (BDC). The Company invests in US middle-market companies with enterprise values typically ranging from $50m to $1B. Such companies usually have EBITDA ranging from $10m to $250m. TSLX's stock price has recently experienced a pullback, making it more attractive for investors who can accumulate or enter at a lower valuation than a few months back. However, I believe more volatility is to be expec ...