Texas Capital Bancshares in Dallas has created a new private credit division.
The $29.1 billion-asset company said in a press release that Texas Capital Direct Lending will focus on middle-market companies and private equity sponsors in Texas. The division will emphasize senior secured floating-rate term loans.
The division will lend to companies with $5 million to $50 million in EBITDA.
Tim Laczkowski was hired as managing director and is leading the new division. He was a partner at Altacrest Capital.