Texas Capital Announces Private Credit Strategy
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has announced the launch of its Texas Capital Direct Lending (TCDL) platform, aimed at providing non-bank private capital to the middle market. The platform will focus on senior secured floating rate term loans for Texas-based middle market companies and private equity sponsors. Tim Laczkowski has been appointed as Managing Director to lead this new initiative.
TCDL will target companies with $5-50 million in EBITDA, primarily focusing on those between $10-30 million. This move expands Texas Capital's suite of financial and advisory solutions, positioning it as the 'first call' for middle market companies in Texas and beyond. The platform will leverage Texas Capital's industry expertise, product breadth, and existing banking capabilities to offer a comprehensive financing solution.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) ha annunciato il lancio della sua piattaforma Texas Capital Direct Lending (TCDL), finalizzata a fornire capitale privato non bancario al mercato medio. La piattaforma si concentrerà su prestiti a termine garantiti senior a tasso variabile per le aziende del middle market con sede in Texas e per gli sponsor di private equity. Tim Laczkowski è stato nominato Direttore Generale per guidare questa nuova iniziativa.
TCDL avrà come obiettivo aziende con $5-50 milioni di EBITDA, concentrandosi principalmente su quelle tra $10-30 milioni. Questa mossa amplia la gamma di soluzioni finanziarie e di consulenza di Texas Capital, posizionandola come la 'prima chiamata' per le aziende del middle market in Texas e oltre. La piattaforma sfrutterà l'expertise del settore, la varietà di prodotti e le capacità bancarie esistenti di Texas Capital per offrire una soluzione di finanziamento completa.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) ha anunciado el lanzamiento de su plataforma Texas Capital Direct Lending (TCDL), destinada a proporcionar capital privado no bancario al mercado medio. La plataforma se centrará en préstamos a término asegurados senior a tasas flotantes para empresas del middle market con sede en Texas y patrocinadores de capital privado. Tim Laczkowski ha sido nombrado Director Gerente para liderar esta nueva iniciativa.
TCDL se dirigirá a empresas con $5-50 millones en EBITDA, enfocándose principalmente en aquellas entre $10-30 millones. Este movimiento expande la gama de soluciones financieras y de asesoramiento de Texas Capital, posicionándola como la 'primera llamada' para las empresas del middle market en Texas y más allá. La plataforma aprovechará la experiencia de la industria, la diversidad de productos y las capacidades bancarias existentes de Texas Capital para ofrecer una solución integral de financiación.
텍사스 캐피탈 뱅크쉐어즈 Inc.(NASDAQ: TCBI)가 중견 시장을 위한 비은행 민간 자본을 제공하기 위한 텍사스 캐피탈 다이렉트 랜딩(TCDL) 플랫폼의 출범을 발표했습니다. 이 플랫폼은 텍사스에 본사를 둔 중견기업과 사모펀드 후원자를 위한 선순위 담보 변동금리 대출에 집중할 것입니다. 팀 라츠코우스키가 이 새로운 이니셔티브를 이끌기 위해 전무이사로 임명되었습니다.
TCDL은 $5-50 백만의 EBITDA를 가진 기업을 대상으로 하며, 주로 $10-30 백만 사이의 기업에 집중할 것입니다. 이 조치는 텍사스 캐피탈의 금융 및 자문 솔루션 범위를 확장하며, 텍사스 및 그 너머의 중견 기업을 위한 '첫 번째 전화'로 자리잡고 있습니다. 이 플랫폼은 텍사스 캐피탈의 산업 전문성, 제품 다양성 및 기존 은행 기능을 활용하여 포괄적인 자금 조달 솔루션을 제공합니다.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) a annoncé le lancement de sa plateforme Texas Capital Direct Lending (TCDL), visant à fournir du capital privé non bancaire au marché intermédiaire. La plateforme se concentrera sur des prêts à terme garantis seniors à taux flottant pour les entreprises du marché intermédiaire basées au Texas et pour les sponsors de capital-investissement. Tim Laczkowski a été nommé Directeur Général pour diriger cette nouvelle initiative.
TCDL ciblera les entreprises ayant $5-50 millions d'EBITDA, en se concentrant principalement sur celles entre $10-30 millions. Ce mouvement élargit la gamme de solutions financières et de conseil de Texas Capital, la positionnant comme le 'premier appel' pour les entreprises du marché intermédiaire au Texas et au-delà. La plateforme s'appuiera sur l'expertise sectorielle, la diversité des produits et les capacités bancaires existantes de Texas Capital pour offrir une solution de financement complète.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) hat die Einführung seiner Plattform Texas Capital Direct Lending (TCDL) angekündigt, die darauf abzielt, nicht-bankliches Privatkapital für den Mittelstand bereitzustellen. Die Plattform wird sich auf senior gesicherte Kredite zu variablen Zinssätzen für in Texas ansässige Mittelstandsunternehmen und Private-Equity-Sponsoren konzentrieren. Tim Laczkowski wurde zum Geschäftsführer ernannt, um diese neue Initiative zu leiten.
TCDL wird Unternehmen mit $5-50 Millionen EBITDA anvisieren, wobei der Schwerpunkt hauptsächlich auf solchen zwischen $10-30 Millionen liegt. Dieser Schritt erweitert das Angebot an Finanz- und Beratungslösungen von Texas Capital und positioniert das Unternehmen als 'erste Anlaufstelle' für Mittelstandsunternehmen in Texas und darüber hinaus. Die Plattform wird die Branchenerfahrung, die Produktvielfalt und die bestehenden Bankfähigkeiten von Texas Capital nutzen, um eine umfassende Finanzierungslösung anzubieten.
- Launch of Texas Capital Direct Lending platform expands service offerings
- Appointment of experienced leader Tim Laczkowski as Managing Director
- Targeting a specific market niche of middle-market companies with $5-50 million EBITDA
- Leveraging existing Corporate and Commercial Banking coverage teams
- Potential for increased revenue streams through new lending activities
- Entering a competitive private credit market with established players
- Potential increase in risk exposure through direct lending activities
- Success dependent on the performance of the new platform and market conditions
Insights
Texas Capital's launch of a Direct Lending platform marks a strategic expansion into the private credit market. This move could potentially diversify revenue streams and enhance the bank's competitive position in the middle market segment. The focus on Texas-based companies with
However, investors should note that entering the private credit space comes with increased risk exposure. The success of this venture will largely depend on the quality of underwriting and the performance of the Texas economy. While this initiative may boost fee income, it's important to monitor its impact on the bank's overall risk profile and capital allocation.
The timing of Texas Capital's entry into direct lending is strategically sound. With traditional banks tightening lending standards, there's growing demand for alternative financing sources in the middle market. This move positions Texas Capital to capture market share in a potentially lucrative segment.
The focus on floating rate loans is noteworthy, as it could provide a hedge against interest rate fluctuations. However, the success of this initiative will hinge on Texas Capital's ability to differentiate itself in a competitive landscape and effectively leverage its existing client relationships. Investors should watch for key performance indicators such as loan origination volume, credit quality and the platform's contribution to overall profitability in the coming quarters.
Tim Laczkowski Appointed to Lead Texas Capital’s Inaugural Direct Lending Fund
DALLAS, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced the launch of its Texas Capital Direct Lending (“TCDL”) platform. Focused on providing non-bank private capital to the middle market, TCDL will form an integral part of Texas Capital’s Corporate & Investment Bank and will enable Texas Capital clients and prospects to access a wider array of capital solutions. Texas Capital expects TCDL to focus on senior secured floating rate term loans targeting Texas-based middle market companies and private equity sponsors.
Concurrently with today’s announcement, Texas Capital announced that Tim Laczkowski has joined Texas Capital as a Managing Director. Laczkowski will be responsible for leading the firm’s new Direct Lending business, including fund management, underwriting, investment and portfolio management for TCDL. As the premier full-service financial services firm headquartered in Texas, the launch of TCDL further extends Texas Capital’s suite of financial and advisory solutions and solidifies the firm’s position as the “first call” for middle market companies headquartered in Texas and beyond.
“The launch of the Direct Lending platform is a significant milestone for Texas Capital, as we will be able to provide clients with direct access to private credit funding while leveraging our industry expertise; breadth of product and services; and leading treasury, payments and investment banking capabilities,” said Texas Capital’s Head of Corporate & Investment Banking Daniel Hoverman. “We fundamentally believe that business owners should have access to Texas-based financing options. We trust that the TCDL platform will provide a welcome resource for ambitious, growth-oriented companies in the middle market. Under Tim’s leadership, complemented by our robust private wealth, sponsors coverage and capital markets businesses, we are confident that Texas Capital can deliver our clients financing options to address an array of strategic challenges.”
Based in Dallas, Laczkowski brings more than 20 years of debt and equity investing experience to Texas Capital. Previously, he served as founder and partner of Altacrest Capital, a Dallas-based private equity firm.
Texas Capital Direct Lending, in combination with the broader Texas Capital platform, will seek to provide a seamless source of capital for its borrowers. TCDL intends to lend to middle market companies generating between
“Adding a private capital funding option for middle market companies extends our reach as a full-service financial institution,” said Laczkowski. “It is an honor to join Texas Capital to build out our Direct Lending platform and capabilities and to further differentiate ourselves in the market.”
ABOUT TEXAS CAPITAL
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank d/b/a Texas Capital, and a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Member FDIC. For more information, please visit www.texascapital.com.
FAQ
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