Texas Capital Bancshares Launches Texas Capital Direct Lending (TCDL) Platform

Strategic Insights -

Texas Capital Bancshares, Inc., the parent company of Texas Capital, has launched its Texas Capital Direct Lending (TCDL) platform, focused on providing non-bank private capital to the middle market. The platform will be part of Texas Capital's Corporate & Investment Bank and will enable clients and prospects to access a wider array of capital solutions. TCDL will focus on senior secured floating rate term loans targeting Texas-based middle market companies and private equity sponsors.

Key Takeaways:

  • Texas Capital Direct Lending (TCDL) will provide non-bank private capital to the middle market, with a focus on senior secured floating rate term loans.
  • TCDL will be part of Texas Capital's Corporate & Investment Bank and will enable clients and prospects to access a wider array of capital solutions.
  • The platform will target Texas-based middle market companies and private equity sponsors, with a focus on companies generating between $5 million and $50 million in EBITDA.
  • Tim Laczkowski has joined Texas Capital as a Managing Director to lead the Direct Lending business, including fund management, underwriting, investment, and portfolio management for TCDL.
  • Laczkowski will be responsible for leading the firm's new Direct Lending business, bringing over 20 years of debt and equity investing experience to Texas Capital.
  • The launch of TCDL further extends Texas Capital's suite of financial and advisory solutions, solidifying its position as the first call for middle market companies headquartered in Texas and beyond.

Statistics:

  • Texas Capital Direct Lending (TCDL) will target companies with EBITDA between $5 million and $50 million, with a primary focus on companies between $10 million and $30 million in EBITDA.
  • The platform will be led by Tim Laczkowski, a Managing Director with 20 years of debt and equity investing experience.
  • Texas Capital Bancshares, Inc. is a member of the Russell 2000 Index and the S&P MidCap 400.

Sources:

  • Texas Capital Bancshares, Inc. press release announcing the launch of Texas Capital Direct Lending (TCDL).
  • Texas Capital Bancshares, Inc. website (www.texascapital.com).
  • (GlobeNewswire).