Texas Capital launches Texas Capital Direct Lending platform

Texas Capital Bancshares announced the launch of its Texas Capital Direct Lending 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. 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 $5 million and $50 million in EBITDA, with a primary focus on companies between $10 million and $30 million in EBITDA. The strategy will benefit from Texas Capital’s Corporate and Commercial Banking coverage teams, who are already dedicated to serving clients and prospects across Texas.