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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.