TPG Lending Unit Eyes $200M IPO

Feb 19 2014 | 1:49pm ET

TPG Capital's specialty finance business plans to raise as much as $200 million in an initial public offering.

TPG Specialty Lending is set to go public in about three weeks. The company expects the IPO to net between $150 million and $200 million, some of which will be used to retire debt, The Wall Street Journal reports.

TPG Specialty Lending said yesterday that its loan portfolio has grown to $889 million, producing a 10.4% yield.

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