Private equity giant TPG Capital's [TPG.UL] special situations investing team is registering as a business development company, it said in a filing on Friday, taking advantage of a gap in the market in providing capital to mid-market companies. TPG Specialty Lending invests in loans to middle-market companies and also makes equity investments in companies, according to the filing. Filing to be a business development company can bring the advantage of public liquidity and can also have tax advantages.
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