NEW YORK--(BUSINESS WIRE)--TPG Specialty Lending, Inc. (NYSE:TSLX) (“TSLX” or “the Company”) announced today that Ian Simmonds will join the Company as Chief Financial Officer, effective November 30, 2015. Mr. Simmonds will succeed the Company’s Chief Operating Officer, Bob Ollwerther, who has assumed the role of Chief Financial Officer on an interim basis.
“We have had the pleasure of working with Ian over the past few years and believe that in joining as CFO, he will further strengthen our already strong executive bench,” said Mike Fishman, Co-Chief Executive Officer of TSLX. “We believe that Ian will be a valuable leader for our business given his deep accounting and financial experience, combined with his demonstrated leadership and capital markets acumen. We are confident that Ian will build upon the culture of excellence and strong financial policies that have been the foundation of our business since inception.”
A Chartered Accountant, Mr. Simmonds brings over 20 years of experience in accounting, finance, and asset management to the position. Before joining TSLX, Mr. Simmonds spent over 10 years at Bank of America Merrill Lynch where he was most recently a Managing Director in the Financial Institutions Group, including as an advisor to TSLX for the past three years in that capacity. Mr. Simmonds received a Bachelor of Commerce from The University of New South Wales, a Master of Applied Finance from Macquarie University and an MBA from University of Pennsylvania’s Wharton School.
About TPG Specialty Lending
TSLX is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities. The Company has elected to be regulated as a business development company, or a BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. TSLX is externally managed by TSL Advisers, LLC, a Securities and Exchange Commission (“SEC”) registered investment adviser. TSLX leverages the deep investment, sector, and operating resources of TPG Special Situations Partners, the dedicated special situations and credit platform of TPG, with over $12 billion of assets under management, and the broader TPG platform, a global private investment firm with over $74 billion of assets under management. For more information, visit the Company’s website at www.tpgspecialtylending.com.
Statements included herein may constitute “forward-looking statements,” which relate to future events or the Company’s future performance or financial condition. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update any such forward-looking statements. TSLX undertakes no duty to update any forward-looking statements made herein.