Texas Capital Bancshares Launches Capital Direct Lending Platform-February 2024-www.financetom.com

Texas Capital Bancshares Launches Capital Direct Lending Platform

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Texas Capital Bancshares Launches Capital Direct Lending Platform

Aug 5, 2024 8:35 AM

11:07 AM EDT, 08/05/2024 (MT Newswires) -- Texas Capital Bancshares ( TCBI ) said Monday it launched a new platform focused on providing non-bank private capital to the middle market.

The Texas Capital Direct Lending platform is expected to focus on senior secured floating rate term loans targeting Texas-based middle-market companies and private equity sponsors, the company said.

Texas Capital said it appointed Tim Laczkowski to lead the new lending business.

The company's shares were down 4.4% in recent trading amid a weak broader market.

Price: 57.76, Change: -2.65, Percent Change: -4.38

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