Texas Capital Launches Direct Lending Fund with Appointment of Tim Laczkowski

Strategic Insights -

Texas Capital Bank, a full-service financial services firm based in Texas, has announced the launch of its inaugural Direct Lending Fund, aimed at providing non-bank private capital to the middle market. The fund will be led by Tim Laczkowski, a seasoned debt and equity investing expert with over 20 years of experience. Laczkowski will be responsible for managing the fund, which will target Texas-based middle market companies and private equity sponsors. The launch of the Direct Lending platform further extends Texas Capital's suite of financial and advisory solutions, solidifying its position as a premier financial institution in Texas.

Key Takeaways:

  • Texas Capital has launched its inaugural Direct Lending Fund, a non-bank private capital platform focused on the middle market.
  • The fund will be led by Tim Laczkowski, a Managing Director with over 20 years of debt and equity investing experience.
  • The Direct Lending platform will provide private credit funding to middle market companies in Texas, leveraging Texas Capital's industry expertise and services.
  • The fund will target companies generating between $5 million and $50 million in EBITDA, with a primary focus on those between $10 million and $30 million in EBITDA.
  • The strategy will benefit from Texas Capital's Corporate and Commercial Banking coverage teams, which are dedicated to serving clients and prospects across Texas.
  • The launch of the Direct Lending platform further differentiates Texas Capital as a full-service financial institution, extending its reach and capabilities in the market.
  • Tim Laczkowski brings extensive experience in private equity and debt investing to the role, having previously founded and partnered with Altacrest Capital, a Dallas-based private equity firm.
  • The Direct Lending platform will provide a seamless source of capital for borrowers, combining the strengths of Texas Capital's Corporate and Investment Bank, Private Wealth, Sponsors Coverage, and Capital Markets businesses.

Statistics:

  • EBITDA range of target companies: $5 million to $50 million
  • Primary focus of target companies: $10 million to $30 million in EBITDA
  • Years of experience: Tim Laczkowski has over 20 years of debt and equity investing experience
  • Number of employees: Texas Capital has a team of dedicated professionals serving clients and prospects across Texas

Sources:

  • Texas Capital Bancshares, Inc. press release, "Texas Capital Bancshares, Inc. Launches Its inaugural Direct Lending Fund" (Aug 5, 2024)
  • GlobeNewswire, "Texas Capital Bancshares, Inc. Launches Its inaugural Direct Lending Fund" (Aug 5, 2024)