Sixth Street Specialty Lending(TSLX) - 2021 Q3 - Earnings Call Presentation

Financial Performance - The Net Asset Value (NAV) per share increased to $17.18 in Q3 2021 [9], compared to $16.85 in Q2 2021 [15] - The Pro Forma NAV per share, accounting for supplemental and special dividends, was $16.61 at the end of Q3 2021 [9] - Adjusted Net Investment Income per share was $0.55 for Q3 2021 [15] - The company's leverage ratio (Debt to Equity) was 0.90x at the end of Q3 2021, which is at the low end of the target range of 0.90x to 1.25x [11] - Annualized Return on Equity (ROE) from Adjusted Net Income was 19.0% for Q3 2021 [11] - Total Net Assets increased to $1,251.845 million in Q3 2021 [15] Portfolio Composition - The investment portfolio is heavily weighted towards first-lien debt investments, representing 92.5% of the total portfolio [11] - Floating rate investments constitute 98.9% of the portfolio [11] - The portfolio is diversified across 67 portfolio companies, with an average investment size of $36 million [11] - New investment commitments for Q3 2021 totaled $105.351 million [17] Liquidity and Funding - The company has approximately $1.3 billion of undrawn capacity on its revolving credit facility [11] - The weighted average remaining life of investments funded with debt is approximately 2.1 years, while the weighted average maturity on liabilities is approximately 3.8 years [11]