Andrew Hedlund
The firms have held their stakes since TSLX’s start as a private business development company.
Results also showed that public pension funds are the most diversified LPs.
The firm, originally an equity investor, established a mid-market lending strategy in 2008.
The two vehicles will target Europe, Asia and North America.
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The vehicle fell short of its predecessor’s $2bn close.
One pension plan from Pennsylvania and another from Texas both set deadlines in mid-April for applications to assist with non-investment aspects of its operations.
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The investment behemoth is the latest to embrace private equity-style credit funds as a primary investment structure.
The mid-market lending firm hopes to give shareholders more liquidity.
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Energy-related losses also hampered investment performance in recent months.
The firm held a final close on its first energy investment vehicle last summer.