TCG BDC II, Inc.: directors' dealings · United States · SEC (Form 4)

About TCG BDC II, Inc.

TCG BDC II, Inc. is a specialty finance company organized as an externally managed business development company (BDC) and designed to provide investors with exposure to private credit. The company was incorporated in Maryland on February 10, 2017 as Carlyle Private Credit, Inc., changed its name to TCG BDC II, Inc. on March 3, 2017, and was later renamed again to Carlyle Credit Solutions, Inc. Its investment platform is tied to Carlyle, giving it access to an established credit origination and portfolio management infrastructure. The company’s principal executive offices are in New York, New York, United States, and its SEC reporting and market references are associated with the US listed-company ecosystem, including NYSE/NASDAQ-related disclosures depending on the period and filing context. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1702510/000170251018000002/bdc2-2017123110xk.htm?utm_source=openai)) Operationally, TCG BDC II focuses primarily on senior secured term loans to US middle-market companies, especially businesses that are directly or indirectly backed by private equity sponsors. This is a core feature of the company’s investment model: it seeks attractive risk-adjusted returns and current income while emphasizing capital preservation and first-lien or senior-position lending. In practice, that means the company sits in the direct lending and private credit segment rather than in traditional consumer banking or broad commercial lending. Its target borrowers are typically middle-market issuers with meaningful EBITDA, which positions the portfolio in a segment that can offer yield premiums over public credit markets, but also exposes the company to credit-cycle risk, sponsor quality, and refinancing conditions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1702510/000170251021000012/bdc2_20201231x10-kxdocument.htm?utm_source=openai)) From a competitive standpoint, TCG BDC II competes with other BDCs, private credit funds, and direct lending platforms that are all vying for sponsored middle-market transactions. Its main differentiator is the Carlyle franchise: a large private markets brand with sourcing relationships, underwriting experience, and a broad market presence. That can help support deal flow, portfolio monitoring, and disciplined structuring. For investors in the US market, the company represents a structured credit vehicle rather than an operating business: returns are driven mainly by interest income, origination discipline, leverage within the portfolio, and the performance of underlying borrowers. Recent SEC filings consistently reinforce the company’s strategy around US middle-market sponsored lending and its status as a regulated BDC/RIC, which remains central to understanding its risk profile and income-generation model. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1702510/000170251021000040/bdc2_202110xproxy.htm?utm_source=openai))